2013 Inter IKEA Group Annual Report released

Luxembourg June 17, 2014

In a rather tough business climate, the IKEA Concept continued to show good
strength. Inter IKEA Group continued to make long term investments in order to
secure independence and longevity of the group and the IKEA Concept.
Inter IKEA Group total revenues increased by 7.4%, to 2,856 million in 2013. Net profit
increased with 70 million to 516 million. Investments continued, with capital
expenditures around 880 million.
- We know that it still is tough times for many people. Rather than being happy about
earnings on a certain level I am happy to see that the IKEA Concept developed well.
Its however important that we dont take anything for granted and keep working
hard to improve all our businesses. Its also good to see how our investments in
difficult times are helping businesses to develop and grow, says Sren Hansen, CEO
of Inter IKEA Group.
The purpose of Inter IKEA Group is to secure continuous improvement and a long life of
the IKEA Concept. As this will require investments in both good and bad times we strive
to be financially independent.
Generally we continued to see a tough business climate in Europe. In the second half of
2013 some pick-up in the retail activity could be seen, but its still unevenly spread
between countries. Demand for IKEA products also improved over the year in Europe. We
continue to see strong growth in North America, Asia Pacific and especially in the Middle
East.
During 2013 worldwide IKEA retail sales increased by 4.2% (in local currencies).
Franchise fees increased by 1.2% (consolidated in Euro).
The investment in real estate development continued as planned, and increased in both
the Retail Centre Division and the Property Division. Good performance in the Finance
Division contributed to the increased profit.
Inter IKEA Group paid 76.6 million (14%) in corporate income taxes in 2013. In
addition our different companies paid significant amounts in local taxes such as property
and other business related taxes.

Numbers in brief, million

Total revenues
Net profit

2013
2,856
516

2012
2,660
446

Total assets
Equity
Co-workers (year average)

16,059
8,039
1,754

14,950
7,529
1,644

Annual Report 2013 in brief

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Inter IKEA Group is organized in four divisions.

Franchise Division
The Franchise Division includes Inter IKEA Systems B.V, worldwide IKEA franchisor and
owner of the IKEA Concept, including the IKEA trademarks. The division has the overall
responsibility to safeguard the continued success of the IKEA Concept throughout the
world.
Franchise fee income increased in line with global IKEA retail sales. Franchisees opened
ten new IKEA stores during the year, including one relocated store.
Retail Centre Division
The Retail Centre Division Inter IKEA Centre Group A/S (IICG) - develops and manages
retail destinations for the many people, anchored by IKEA stores. Inter IKEA Group is the
majority owner of IICG.
The expansion in Europe remained selective due to market limitation. Three retail centres
are being built in China two are scheduled to open in 2014 and one in 2015. Revenue
was 164 million in 2013, compared to 204 m in 2012. The drop is due to the sale of
retail centres in Austria during 2012. On a like for like basis, rental income increased by
2.2% during 2013.
Property Division
The goal of the Property Division Vastint Holding B.V is to create long-term value
through property investments. The division actively manages developed properties in the
Netherlands, Poland, Belgium, Lithuania, Latvia and the UK.
Investment continues and the division has more than 100.000 square meters of offices
and hotels under development, and also owns land for future development. Total
revenues increased by 33% in 2013, mainly as a result of completed projects and
refurbishments.
Finance Division
The Finance Division supports the Inter IKEA Group in maintaining financial independence
through long term investments.
Asset under management was 2.3 billion, compared to 2.1 billion in 2012. In line with
an overall positive development of financial markets, the division produced a good return
during the year.

For more information about Inter IKEA Group, please see our website www.inter.ikea.com
The Inter IKEA Group Annual Report 2013 can be ordered on the website
Press contact Inter IKEA Group
Kristian Sjholm
+32 486 040 963
kristian.sjoholm@inter-IKEA.com

Annual Report 2013 in brief

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