Post date: Jan 23, 2013 2:40:26 PM
It was up 9.5 percent for the year to last August.
Net profit was up 8 percent to 3.2 billion euros, another record. Still, operating profit shrank by 3 percent largely thanks to a strategy of not passing on higher raw material costs to the customer.The privately-held firm is known around the world for its low-price, self-assembly furniture.
It puts its success down to consumers needing cheaper goods during economic downturns.
It gained share in all markets while like-for-like sales growth in Europe, where it does most of its business, remained constant.
Last year Ikea announced plans to boost expansion and open 25 news stores a year by 2015 - with an aim to double sales by 2020.
New horizons include Serbia, Croatia and South Korea - along with India - where a key investment board has just backed its bid the set up stores.