Ikea Malaysia expects single-digit growth in FY23

Country retail manager Malcolm Pruys said the company wanted to focus on station stores at Ikea Batu Kawan, Penang, and Tebrau, Johor, in 2023 and 2024.

KUALA LUMPUR: Home furnishing retailer Ikea Malaysia expects a positive performance with a single-digit growth in the financial year 2023 (FY23) after extraordinary success in FY22, during which it achieved a 35% increase in revenue to RM1.54bil.

Country retail manager Malcolm Pruys said this year and next, the company wanted to focus on the station stores at Ikea Batu Kawan, Penang, and Tebrau, Johor.