Swedish furniture giant Ikea said Thursday it was counting on price drops launched in September to stem two years of falling sales volumes attributed to soaring inflation.
The company reported Thursday a 6.6 per cent rise in sales for the full-year to 47.6 billion euros ($50.2 billion).
"This positive result was achieved despite the continued challenge of lower sales quantities," Inter Ikea said in a statement.
The company announced a rare price increase on all markets, of an average nine per cent, in December 2021 due to inflation.
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