IKEA Oy
OYActiveY-tunnus 2149172-6Espoontie 21, 02740 EspooRetail sale of furniture, lighting equipment, tableware and other household goods· NACE 4755Est. 2007 · 18 years old2,038 employees
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Overview
IKEA Oy is a Finnish OY based in Espoo, operating in the Retail sale of furniture, lighting equipment, tableware and other household goods sector. Incorporated in 2007, the company has 2,038 employees and reported revenue of €353.2m in its latest annual filing.
Revenue 2025
353.2M EUR
−2% vs 2024
EBITDA margin
3.3 %
−37% vs 2024
Net profit 2025
0.5M EUR
-95% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
26.0 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.3×
Very weakAmong the 10% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
0.2 %
WeakAmong the 40% lowest rated companies in the industry
20212025
EBITDA — year on year
EUR millionsKey figures
Annual report 2025| Revenue | 353.2M EUR | -2% |
| EBITDA | 11.6M EUR | -37% |
| Net profit | 0.5M EUR | -95% |
| Total assets | 208.2M EUR | +2% |
| Equity | 54.1M EUR | -15% |
| Employees | 2,038 | — |
Company information
Legal name
IKEA Oy
Y-tunnus number
2149172-6
Legal form
Osakeyhtiö
Founded
15 October 2007 · 18 years
Share capital
EUR 253,000
Employees
2,038 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-08-31
Financial year
January – December
Signatory rights
Hallituksen jäsenet kaksi yhdessä
Company purpose
Bolagets ändamål är att direkt eller genom dotterbolag idka a) minut- och partihandel med möbler, inrednings- och fritidsartiklar samt liknande produkter, b) postorderverksamhet med ovan i punkt a) avsedda produkter, c) restaurangverksamhet, d) vindkraftsverksamhet e) leasing- och annan finansieringsverksamhet, f) uthyrning av fast och lös egendom, g) handel med aktier, värdepapper och derivativinstrument, h) annan verksamhet som sammanhänger med eller föranleds av ovan i punkterna a) - g) avsedda verksamhet. Bolaget kan i anslutning till sin ovan beskrivna verksamhet äga och förvalta fast egendom och värdepapper.
(no translation available)
Address
Espoontie 21, 02740 Espoo
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Financial development
In its most recent annual report (2025), IKEA Oy reported revenue of €353.2m, a decrease of 2% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of €514.9k, and the EBITDA margin stood at 3.3%.
At the end of 2025, equity financed 26% of the balance sheet, and current assets covered short-term debt 0.3 times.
Financials
Revenue
EUR millionsEBITDA
EUR millionsIncome statement
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 353,184 | 359,114 | 392,537 | 372,041 | 380,601 |
| Staff expenses | -75,509 | -69,550 | -69,768 | -76,219 | -70,761 |
| EBITDA | 11,564 | 18,465 | 26,205 | 18,782 | 23,440 |
| Depreciation & amort. | -3,414 | -2,904 | -3,132 | -3,402 | -3,423 |
| EBIT | 8,151 | 15,560 | 23,074 | 15,380 | 20,017 |
| Net financials | -2,505 | 4,536 | 19,878 | -13 | 119 |
| Profit before tax | 727 | 11,842 | 43,064 | 19,891 | 19,618 |
| Tax | 212 | 1,461 | 4,546 | 2,333 | 4,091 |
| Net profit | 515 | 10,381 | 38,293 | 8,510 | 15,528 |
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Balance sheet
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 208,168 | 204,916 | 171,107 | 190,883 | 118,165 |
| Equity | 54,060 | 63,945 | 97,564 | 109,271 | 46,907 |
| Long-term debt | 36,085 | 26,593 | 479 | 768 | 814 |
| Short-term debt | 115,894 | 112,292 | 71,205 | 79,054 | 70,128 |
| Total debt | 151,979 | 138,885 | 71,684 | 79,822 | 71,258 |
Financial ratios
5-year trendEBITDA margin
3.3 %
20212025
Equity ratio
26.0 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on equity
1.0 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Net profit margin
0.1 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Asset turnover
1.70×
AverageAround the average of companies in the same industry
20212025
Debt / equity
2.85×
WeakAmong the 30% lowest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginAverage
Around the average of companies in the same industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginWeak
Among the 40% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Weak
Among the 40% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Weak
Among the 40% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 40% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioVery weak
Among the 10% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioVery weak
Among the 10% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioVery weak
Among the 20% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery strong
Among the 20% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalVery weak
Among the 10% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery strong
Among the 10% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 40% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioWeak
Among the 40% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 30% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityWeak
Among the 30% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtWeak
Among the 40% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest rate on debtVery strong
Among the 10% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Efficiency & development
Asset turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverWeak
Among the 30% lowest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalVery strong
Among the 20% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityWeak
Among the 30% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via PRH / YTJ · Period 2024-09-01 – 2025-08-31
- Annual report 2024Filed via PRH / YTJ · Period 2023-09-01 – 2024-08-31
- Annual report 2023Filed via PRH / YTJ · Period 2022-09-01 – 2023-08-31
- Annual report 2022Filed via PRH / YTJ · Period 2021-09-01 – 2022-08-31
- Annual report 2021Filed via PRH / YTJ · Period 2020-09-01 – 2021-08-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
CL Chief Executive Officer | Chief Executive Officer | 2025 |
Former (4)
EJ | Audit | 2017 – 2019 |
MT Audit | Audit | 2019 – 2023 |
CL Chief Executive Officer | Chief Executive Officer | 2025 – 2025 |
TJ Chief Executive Officer | Chief Executive Officer | 2018 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (6) | ||
SE Chairperson | Chairperson | 2024 |
AL Board of Directors | Board of Directors | 2025 |
CL Board of Directors | Board of Directors | 2025 |
DS Board of Directors | Board of Directors | 2019 |
LF Board of Directors | Board of Directors | 2022 |
VC Board of Directors | Board of Directors | 2025 |
Former (9)
NR Board of Directors | Board of Directors | 2019 – 2022 |
MP Board of Directors | Board of Directors | 2021 – 2025 |
DE Board of Directors | Board of Directors | 2022 – 2025 |
RJ Board of Directors | Board of Directors | 2019 – 2021 |
SF Board of Directors | Board of Directors | 2021 – 2022 |
CL Board of Directors | Board of Directors | 2025 – 2025 |
SD Chairperson | Chairperson | 2021 – 2024 |
TJ Board of Directors | Board of Directors | 2018 – 2025 |
KG Chairperson | Chairperson | 2019 – 2021 |
Shareholders
Active legal ownersNo shareholder data available.
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Company hierarchy
IKEA Oy (this company)
IKEA Real Estate Oy100% ownedRibäcken vindpark Ab100% ownedVerhonkulma Wind Oy100% ownedLångmossa Wind Park Oy100% ownedAjos Wind Oy100% ownedPonsivuori Wind Oy100% ownedBoard network connections
Board members of IKEA Oy also hold positions in 26 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Cas Lachaert | Chief Executive Officer | 8 companiesMany roles |
| Dirk Schmidt | Board of Directors | 8 companiesMany roles |
| Eeva Johanna Winqvist-Ilkka | Audit | 5 companies |
| Markku Tapio Sohlman | Audit | 4 companies |
| Timo Jaakko Tapani Hulmi | Chief Executive Officer | 1 company |
Frequently asked questions
What is the Y-tunnus number of IKEA Oy?
IKEA Oy is registered with PRH / YTJ under Y-tunnus 2149172-6.
What is the revenue of IKEA Oy?
IKEA Oy reported revenue of €353.2m in 2025.
How many employees does IKEA Oy have?
IKEA Oy employs 2038 people as of the latest annual report.
Who is the CEO of IKEA Oy?
Cas Lachaert is the CEO of IKEA Oy, in role since 2025.
Who is the chairman of IKEA Oy?
Stefan Emiel M. Vanoverbeke chairs the board of IKEA Oy, in role since 2024.
Where is IKEA Oy headquartered?
IKEA Oy's registered address is Espoontie 21.