phantom_opera
28-01-14, 16:45
[STOCKHOLM] IKEA Group, the world's biggest furniture retailer, posted a 3.1 rise in full-year net profit on Tuesday and said consumer spending was beginning to recover in many markets.
Net profit at the Swedish flat-pack furniture giant was a record 3.3 billion euros in the 12 months through August 2013.
"Consumer spending is improving in many countries," IKEA chief executive Peter Agnefjall said in a statement.
"While the challenging economic situation may not be over, there are positive signs."
:2cents:
Net profit at the Swedish flat-pack furniture giant was a record 3.3 billion euros in the 12 months through August 2013.
"Consumer spending is improving in many countries," IKEA chief executive Peter Agnefjall said in a statement.
"While the challenging economic situation may not be over, there are positive signs."
:2cents: