Ikea plans Irish growth

Swedish retailer Ikea is planning to expand its presence in Ireland after achieving record revenues and profits at its Dublin store last year.

New figures show that pre-tax profits from Ikea’s Ballymun outlet almost doubled to €13.1m last year, with revenues rising by 17% to €131.9m. It was the company’s busiest year in Ireland since its frenzied first full year here in 2009/10 during which it generated profits of €11.4m.

“We are pleased to report positive growth in the Ikea Dublin store in financial year 2015,” said store manager Marsha Smith.