IKEA financial secrets revealed

ONE of the world’s great commercial secrets – furniture group IKEA’s profits and turnover – have been revealed for the first time.

Profit at the world’s top furniture retailer and manufacturers had risen 11.3% to €2.5bn in the 2009 financial year compared with the previous year.

IKEA chief executive Mikael Ohlsson told his local paper the Dagens Industri that turnover in its fiscal year, which ended August 31 rose to €23.1bn, up some 7.7% from the previous period. Mr Ohlsson is working hard to give employees, suppliers and customers more information about the company