Ikea calls 2022 an ‘exceptional year’ despite challenges

Ikea reported retail sales of 39.5 billion euros (£34 billion) this financial year (PA)

Swedish home furnishings giant Ikea has said that despite “unprecedented challenges” caused by the war in Ukraine, supply chain disruptions, increased inflation and lingering fallout from the Covid-19 pandemic, 2022 had been an “exceptional year”.

The world’s biggest furniture brand reported retail sales of 39.5 billion euros (£34 billion) this financial year, which ran from September 1, 2021, to August 31. That was a 5.6% increase from the previous year’s sales of 37.4 billion euros (£32 billion).