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About the IKEA Group

We are a value-driven company with a passion for life at home. Every product we create is our idea for making home a better place. At the IKEA Group, we have 355 stores in 29 countries*.
* As of August 31, 2017

Read IKEA Group Yearly Summary 2017 (PDF)

A customer carrying a blue and gray IKEA bag.

Business concept

Vision and business idea

“To create a better everyday life for the many people”, this is the IKEA vision. Our business idea is “to offer a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them”.

We work hard to achieve quality at affordable prices for our customers through optimising our entire value chain, by building long-term supplier relationships, investing in highly automated production and producing large volumes. Our vision also goes beyond home furnishing. We want to create a better everyday for all people impacted by our business.

Sustainable growth

Investing for the future

IKEA goes urban with first high street store in Hamburg.

“To create a better everyday life for the many people”, this is the IKEA vision. The main financial principle of the IKEA Group is to grow by using our own resources. In other words, we earn our money before we spend it. This makes it possible for us to make long-term investments for the future.

The IKEA vision is the foundation for our growth. We want to make sure that IKEA is accessible, so that more people can create a better everyday life at home. We re-invest a majority of our profits in existing and new IKEA stores, as well as in product development, sustainable solutions and by continuously lowering prices to our customers.

Quality products at low prices
To reach many people, our products must be of good quality and affordable. We design with our customers’ needs in mind.

Read about our process in Democratic Design

People & Planet Positive
We are working towards having an overall positive impact on both people and the planet while we continue to grow. 

See more in People & Planet

When people grow, IKEA grows too
Our co-workers are essential for our continued growth. We see every person as a talent with the possibility to develop.

Find out more in Working at the IKEA Group

Key figures

IKEA Group at a glance FY17

Ingka Holding B.V. and its controlled entities

1. Includes cotton grown to the Better Cotton Standard; by farmers working towards Better Cotton; recycled cotton and more sustainable cotton from the USA (such as the ‘e3 Cotton Program’).

2. This number has changed for FY17 due to new management structure.

Download the full report (PDF) for a more detailed overview of what happened in FY17.

Ownership & Structure

Ownership structure

The IKEA Group of companies (Ingka Holding B.V. and its controlled entities) has an ownership structure that ensures independence and a long-term approach. Stichting Ingka Foundation in the Netherlands is our owner, and its funds can be used in only two ways: it can be reinvested in the IKEA Group or donated for charitable purposes through the Stichting IKEA Foundation.

Structure overview


Our Group management

 left to right:
Claudia Willvonseder, Marketing and Com&In
Mikael Palmquist, Retail Region Asia Pacific
Giny Boer, Retail Region South & East Europe
Juvencio Maeztu, Sustainability
Marcus Baumgartner, Customer Fulfilment
Petra Hesser, Development & Expansion
Alistair Davidson, CFO
Jesper Brodin, CEO & President
Michael Ward, Retail Region North America & Scandinavia
Gerard Groener, Centres
Olivia Ross Wilson, Corporate Communications
Doris Lan, CEO Assistant
Stefan Sjöstrand, Commerical
Ulrika Biesèrt, Human Resources
Jeanette Söderberg (not pictured), Retail Region Central & West Europe

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