Inter Ikea, which owns the flatpack store brand, has reported a 5% rise in annual profits.
The firm is investing heavily in new store formats in a fightback against the shift to online shopping.
The group is a franchisor to store owners, and is also in charge of product development
and supply, generating revenues from sales of
goods to its franchisee retailers.
Ikea finds key to green sales
Others may be invoking the challenging retail climate, but Swedish flatpack giant Ikea has reported a rise in UK sales.
The chain says consumers were keen on lunchboxes for preserving leftovers (sales were up by 127%), reusable water bottles (up 55%) and recycling bins (15% increase).
Its UK sales jumped 8% to reach £2.1bn in the year to 31 August, outstripping the 5% rise in group-wide sales.
Ikea's sales climb despite 'transformation'
Flat pack furniture giant Ikea has reported rising global sales despite an overhaul described as one of the "biggest transformations" in its history.
Its global parent Ingka said retail sales climbed 5% to €36.7bn in the year to 31 August.
Online sales soared 46% and now account for around 11% of total revenues.
The group said the performance was achieved despite its revamp under which the group is slashing 7,500 jobs globally, including 350 in the UK.
But it is also creating 11,500 new jobs in the next two years through new openings and investment in delivery and digital operations.
"While going through one of the biggest transformations in our history, we've maintained strong performance across our business, thanks to all the amazing colleagues across the Ikea world," said Jesper Brodin, chief executive of Ingka Group.