IKEA poised for future growth?

In FY 2015, IKEA Group has seen its sales rise by 11.2 pct y-o-y to EUR 31.9 bln. The group’s net profit reached EUR 3.5 bln – a 5.5 pct increase on 2014, while total assets increased from EUR 44.7 bln to EUR 50 bln. “Sales in comparable stores, the opening of new stores and our online expansion have all contributed to these results,” the company has announced, reporting that its highest sales were in Germany (14 pct of total sales), the US (14 pct), France (8 pct) and the UK (7 pct). Poland turned out to be the retailer’s second strongest market in terms of  purchasing value (19 pct), only behind China (25 pct). 60 new stores by 2020 Around 60 pct of IKEA’s profit is currently being generated in Europe, where the group has 229 stores, 19 distribution centres and 34 production units (at the close of the financial year ending August 31st, 2015). The retail giant is now physically present in 2