Ikea announces profits for first time, promises to be more open

first_img whatsapp Ikea announces profits for first time, promises to be more open Tags: NULL Share whatsapp SWEDISH furniture retailer Ikea has released full-year trading results for the first time announcing net profit increased 11.3 per cent to €2.5bn (£2.2bn) for the year to 31 August.The store said group sales for 2009 increased by 1.4 per cent to €21.8bn, equivalent to 3.1 per cent growth, despite what it called “difficult” external economic circumstances.It said while rivals suffered a sharp decline in sales it had benefited from customers searching for cheaper furniture and had opened 15 new stores. Ikea said it also planned to move into new markets, including India.Group sales so far for this year increased by 7.7 per cent to €23.1bn. Ikea said profits would be announced at a later date.The retailer’s results are contained within a new leaflet called “Welcome Inside” and it is believed they are part of reforms designed to dispel allegations of secrecy by chief executive Mikael Ohlsson, who took over from Anders Dahlvig last year. Dahlvig had been in charge of Ikea for a decade.The leaflet added net income fluctuated between 10 and 13 per cent of revenue in the past 10 years. It added figures would be published every year from now on. More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com KCS-content Show Comments ▼ Sunday 3 October 2010 10:41 pmlast_img read more

Inmarsat in high orbit as revenues soar 18.4pc in strong third-quarter trading

first_img Share Show Comments ▼ KCS-content Inmarsat in high orbit as revenues soar 18.4pc in strong third-quarter trading Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmcenter_img Monday 8 November 2010 8:43 pm More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapp SATELLITE operator Inmarsat beat expectations with an 18.4 per cent rise in third quarter earnings, helped by growth in aeronautical and leasing services and by an improvement in maritime, its largest sector.The company, which provides voice and data services to shipping, aircraft and remote locations worldwide, reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $189.5m (£1.17m) on group revenue of $308.8m.Revenue, excluding a contribution from its Stratos broadband business, was $201.2m, up 13.9 percent.Chief executive Andrew Sukawaty said yesterday that the result kept the group on track for a good result for the year.The number of the group’s terminals on ships rose 5.8 per cent, and it said it was adding maritime broadband services at the rate of more than 2,000 a quarter.An expanded agreement with AP Moller Maersk, the world’s largest container-shipping line, would contribute before the end of the year, he said.Its aeronautic services recorded the strongest growth, up 38 per cent, with the vast majority still coming from its traditional government and large business jet customers, Sukawaty said. Emirates Airline, however, uses Inmarsat’s network to provide services on its flights, Sukawaty said. last_img read more