IKEA Croatia announced on Monday that it achieved revenues of €165.7 million in fiscal year 2024, marking a 10.4% increase year-on-year. The company highlighted this as one of the largest growth rates among IKEA units worldwide.

The fiscal year covered the period from September 1, 2023, to August 31, 2024, and included revenues from online sales, planning studios, delivery centers, and the IKEA Zagreb store.

Impressive Visitor Numbers and Sales

The IKEA store in Zagreb welcomed more than 1.78 million visitors during the fiscal year, a 3.4% increase compared to the previous year. Online, IKEA Croatia recorded 20.2 million visits, resulting in 274,828 purchases. In total, 15 million IKEA products were sold, representing a 15.5% year-on-year growth.

IKEA Croatia also invested €12.8 million during the year to reduce prices for more than half of its product range, making its offerings even more accessible to customers.

Ingka Group Revenue and Sustainability Efforts

Globally, Ingka Group—the largest operator of IKEA stores—reported revenues of €41.8 billion for fiscal year 2024, a 5.5% decline compared to the previous year. Net profits stood at €0.8 billion, down from €1.5 billion in the previous year.

The company invested €2.1 billion globally to reduce prices, contributing to a 3.3% increase in visits to stores and a 28% rise in online visits. The number of online orders grew by 9%.

"This was a year of bold investment in the future, ensuring IKEA becomes more affordable, accessible, and sustainable," said Juvencio Maeztu, Deputy CEO and Chief Sustainability Officer of Ingka Group.

Sustainability at the Core

Ingka Group reinvests 85% of its net profits back into the business, with the remaining 15% paid as dividends to its sole owner, the Stichting INGKA Foundation. This foundation also funds the IKEA Foundation, which has allocated €2 billion to combat child poverty and climate change as of December 2023.

The group has committed to reducing its climate footprint by 85% in its own operations by 2030 and achieving net-zero emissions across its value chain by 2050.

As part of these efforts, €1.5 billion has been invested in transitioning to renewable energy technologies. This includes retrofitting existing stores with renewable heating and cooling systems and ensuring all new units are built with these technologies. In 2024 alone, 11 retail locations in seven countries underwent upgrades.

IKEA continues to set the standard for sustainability while striving to remain a global leader in home furnishing innovation.