IKEA revenues fall again in latest full year

Inter IKEA Group, the Swedish owner of the IKEA concept, reported FY2026 revenues of EUR25.9 billion, down from EUR26.3 billion, with an operating result of EUR1.5 billion and net result of EUR1.4 billion. The group said it took steps to return to growth, launching 2,900 new and updated products and contributing about EUR1.2 billion in lower prices alongside European franchisees from 1 September 2026. It cut 850 roles globally to simplify the organisation. (Inter IKEA Group)