Ikea Romania's profit tripled, reaching RON 11 million

by   CIJ News iDesk V
2021-07-27   10:27

The Ikea furniture retailer reached a turnover of RON 951.5 million on the local market in 2020, after an increase of 10 percent compared to the previous year. The profit rose to almost RON 11 million, more than triple compared to the previous year, when it had been RON 3.4 million. At the end of last year, Ikea had 1,190 employees in Romania, 60 more than in 2019.

Ikea has two stores on the local market, both in Bucharest, in the Băneasa and Theodor Pallady areas. The most recently opened in Pallady became operational in 2019 and required an investment of approximately EUR 90 million. There is a third Ikea store in Romania planned, which will be opened in Timisoara.