The furniture group writes in a press release that large investments amount to a total of 2.8 billion euros, about 28 billion Swedish roots. A change process began during the year to adjust the business to new usage patterns, work expected to last for three years and thus evaluate the result.
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Sales of subsidiaries also affected operating profits, which amounted to a total of EUR 2.25 billion, down from 3.03 billion EUR per year earlier.
The company has previously reported a sales lift of 4.7 per cent for the full year and online sales have increased by 45 per cent. In the press release, the Group writes that sales have risen in 29 out of 30 markets where China states the strongest development. During the year twelve new department stores were opened, the first in India. The largest sales in Germany are marked with the USA as the second and France as the three.
Overall, sales, including rental income from shopping centers, increased by 2 per cent to EUR 37.1 billion.