Investment spend pulls Ikea annual profits down 26%

Ikea has reported a 26% fall in annual profits; due mainly to the impact of it heavily investing in improving its online and delivery offerings.

Investment spend pulls Ikea annual profits down 26%
Thu, 29 Nov, 2018 - 06:45
Geoff Percival

Ikea has reported a 26% fall in annual profits; due mainly to the impact of it heavily investing in improving its online and delivery offerings.

A €2.8bn investment in online, stores, distribution networks, renewable energy and forestry led to a drop in operating profit to €2.25bn.

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