Swedish furniture retail giant Ikea on Wednesday reported a net profit of 3.2 billion euros (4.25 billion dollars) in 2012, citing continued growth in both mature and emerging markets.
Net profit for the financial year August 2011 to August 2012 was up 8 per cent year-on-year, the unlisted company said.
Turnover was 27.6 billion euros, up 9.5 per cent on 2011, it said.
Strong performing markets included China, Russia, Poland, Germany and the United States.
The conglomerate said it operated 298 stores in 26 countries, and opened 11 stores in the past business year, while it had 139,000 employees worldwide.
Chief executive Mikael Ohlsson said that although economic conditions were expected to "remain tough" in several markets, the group aimed to double sales by 2020.