Profits fell at Ikea's Irish business in 2024. Photograph: Dara Mac Dónaill / The Irish Times Photograph: Dara Mac Donaill / The Irish TimesPretax profits at the Irish arm of Swedish furnishing giant Ikea tumbled by 70.5 per cent to €6.91 million in 2024 due to higher costs and lower revenues, new accounts show. They state that “rather than prioritising short-term profits, Ikea focused on increasing affordability, accessibility, and sustainability to improve everyday life for more people”. Numbers employed by Ikea Ireland increased by 12 from 732 to 744 as staff costs remained at €23.99 million. Aggregate pay to directors increased from €271,466 to €342,284.

Source: The Irish Times January 20, 2026 16:33 UTC