“Ikea in Russia: Revenue, Profit, and Market Share – A Comprehensive Analysis”

Ikea in numbers

According to Ivan Fedyakov, CEO of Infoline, Ikea’s business in Russia worked with a small margin: in 2021, the company’s revenue was about 157 billion rubles, and profit was about 4–5% of turnover. Ikea occupied up to 20% of the Russian home goods market. In addition, 14 Mega shopping centers are owned by Ingka Centers (part of the Ingka group of companies, which owns the Ikea brand). A Vedomosti source among real estate consultants says the Swedish owners have not yet made a final decision on whether to sell their latest assets in Russia.