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IKEA sales up 14.6% in Hungary in 2015

Telco

Sales at the Hungarian unit of Swedish furniture giant IKEA were up 14.6% in its financial year ending August 31, as compared to the previous period, IKEA Lakberendezési managing director Marek Feltl said today, according to Hungarian news agency MTI.

During the period IKEA had a revenue of HUF 47 billion, Feltl said, adding that sales grew at approximately the same pace as in the preceding period. IKEA is targeting a growth exceeding 10% in the following period, he added.

The managing director noted that IKEA is building its third store in the country, through an investment of HUF 16.8 bln, MTI reported. The 34,000 sqm store in the south of the capital is expected to open in the spring of 2017, MTI added.

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