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IKEA into second year in Croatia IKEA into second year in Croatia

IKEA forging ahead in Croatia with huge profits

Written by  Oct 27, 2016

According to a press release on the 25th of October, the IKEA Croatia company said that in the 2016 financial year (the 1st of September 2015 – the 31st of August 2016) it generated revenue of over 72 million Euros, which was an increase of almost 6 percent in comparison to the 2015 financial year.

"In the second year of operating we have achieved excellent sales results and launched online sales in order to be even more accessible to Croatian buyers," said Stefan Vanoverbeke, the director of the IKEA Croatia company and the regional director of IKEA South East Europe (SEE). He also added that IKEA Croatia would continue to develop and adapt its offer and services to its customers as well as to open a ‘’pick-up point’’ in Split in the next twelve months.

Of the total revenue during the second financial year the Department store of IKEA Croatia achieved 68.3 million Euros, whilst IKEA Food (restaurant/bistro/cafe/Swedish food shop) generated 3.5 million Euros.

Last year more than 1.6 million people visited the IKEA Zagreb store, whilst the website had more than 5 million visitors.

On the other hand, in accordance with the IKEA’s global sustainability strategy ‘People and Planet Positive’’, the IKEA Zagreb department store has recycled 92 percent (950 tons) of their collected waste, whilst from the sale of recycled waste the profit was 174,000 Kunas.
Sustainability is also very important to Croatian customers thus the IKEA department store from Zagreb placed as the 5th in the world in terms of the number of sold solutions for a more sustainable life at home.

During the 2016 financial year IKEA Croatia with its sister company IKEA Centres launched a project Designer Outlet Croatia. It is designed as a fashion outlet next to the IKEA Zagreb department store which construction will start during 2017, whilst the opening is expected in 2018.

After the completion of the first phase of the project additional 400 new jobs are expected to be opened.

The Voice of Dubrovnik


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