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Ikea Ireland Profit Surge Explained | Cork News
Ikea’s Irish branch smashed profit records last year, raking in 15.75 million euros pre-tax — more than double — even as sales barely ticked up. The secret? They slashed a massive 12 million euro investment in a new distribution center, boosting operating profit by 134%. Smart cost-cutting, better supplier deals, and efficiency wins helped. Online sales jumped 10% (now 40% of total), services like assembly rose 21%, and they opened a new Waterford store. Despite sluggish consumer spending, growth continued. No dividends paid this year (unlike 20M last time), staff cut by 38, and director pay…
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