Error(acps): Unsufficient settings or invalid Post ID

Search for a job

Ikea Ireland has reported a jump in revenue by more than 15 per cent to a record €152 million.

The home furniture giant’s had 3 million visitors to its Ballymun store just off the M50. The three million visitors also represent an increase of 15% on the 2.6 million that visited the store in 2015.firm paid a dividend of €11m to its parent firm last year.

Despite the record recording-breaking revenue, profits did not rise in the same way. The company’s pre-tax profits decreased by 10% to €11.48m. The drop is profits is a result of higher costs including administrative expenses which increased by 30% from €29.6m to €38.6m and the cost of sales going up from €87.37m to €100.3m. Staff costs at Ikea last year increased to €17.2m.

The retailer also employed additional 110 new workers during the year taking the total number of staff to 663.

The average shopper spent €50 per trip and the total number of trips to the outlet were also 15% higher than 2015.

The Swedish retailer, famed for its flatpack stylish homewares last year opened a new outlet in Carrickmines in south Dublin in addition to its flagship store in Ballymun on the north side of the city.

Excel Recruitment

Dublin office
The Capel Building, Mary’s Abbey, Dublin 7, D07 DH99

Cork office
Phoenix House, Monaghan Road, Cork, T12 H1XY

Outplacement ORS

Find a Job in