IKEA Ireland's 2022 pre-tax profits increased 82% to €23.49m, leading to dividend increase and expansion plans.

IKEA Ireland's pre-tax profits rose by 82% to €23.49m in 2022, with revenues increasing by 16.5% to €252.42m. This has led the company to increase its dividend payout from €3m to €11m and plan further expansion. Following the success of three Plan & Order Points opened in Drogheda, Cork, and Portlaoise, IKEA plans to open many more around Ireland in the next couple of years, with plans for additional locations in 2024.