Covid pandemic sends profits tumbling at IKEA's Irish store

The furniture giant saw average weekly revenues of €3.39m

Denise and Stephen Collins from Castleknock with their purchases at Ikea when it reopened in May. Picture Colin Keegan, Collins Dublin

The impact of the Covid-19 pandemic sent pre-tax profits tumbling by 67pc at IKEA’s Irish store and online operations last year to €3.69m.

The furnishing giant’s Dublin store in Ballymun is one of the group’s most successful worldwide but the pandemic resulted in revenues at Ikea Ireland Ltd reducing by 13pc from €203.53m to €176.6m in the 12 months to the end of August last. Ikea also operates an order and collect store in Carrickmines. The figures for last year equate to average weekly revenues of €3.39m.