An update from our Group CFO
Despite the strong macro-economic headwinds that our customers continued to face, our businesses delivered a solid consolidated turnover of EUR 1.9 billion. To be able to continue providing affordable products and services to the many people, we implemented numerous cost adaptation initiatives throughout the group. We also invested EUR 260 million in, among other things, customer touch points, and in November 2024 we opened our third Mexican IKEA store, in Guadalajara.
In addition to offering better living opportunities for our customers, we have the ambition to improve the communities in the areas where we operate. For this purpose, we donated EUR 1.1 million in 2024.
In the last quarter of 2024, Ikano Bank (our banking activities, which represented a major part of our assets), was sold to Ingka Group.