The Ikea Group has reported that its total sales increased to €27.9b in the 2013 financial year (1st September 2012 to 31st August 2013) – an increase of 3.1% compared to the previous year (+3.6% adjusted for currency impact) – while sales in comparable stores grew by 1.8%.

“Value for money is increasingly important to our customers – and our sales development shows that people all over the world appreciate our concept of good quality, well-designed products at low prices,” says president and CEO Peter Agnefjäll.

“Reducing household energy bills is the most important issue for many people today when it comes to living more sustainably at home. In the last year, we sold 20 million energy-saving LED products at affordable prices, helping people to do just that. And by 2016 we will convert all of our lighting products to LED to help even more people save money at home. Sustainability should not be a luxury good,” continues Peter.

Some of the strongest growth reported took place in Russia and China, and there was also significant progress in North America. While southern Europe continued to suffer from economic difficulties, the IKEA Group continued gaining market shares in almost all markets.

The full-year report, The Ikea Group Yearly Summary, will be published in January 2014.