IKEA has misplaced its standing as probably the most precious model in Northern Europe | European Manufacturers | AFN | Belarusian Information | Republic of Belarus

Norwegian oil and fuel firm Equinor’s model has overtaken Sweden’s IKEA to change into the most costly model within the Nordic international locations. That is said within the report of the consultancy agency Model Finance.

IKEA has topped the listing of the area’s most beneficial manufacturers since 2013.

Equinor’s model worth rose 24% to €15.6 billion in 2024, pushed by greater revenues from the oil and fuel firm, an optimistic outlook for the long run, and its fast enlargement into renewable power.

The worth of the IKEA model this yr fell by 4% to € 14.7 billion That is, partly, as a result of difficulties transporting items as a result of assaults by the Yemeni Houthis on ships within the Pink Sea.

The third place among the many most beneficial manufacturers in Northern Europe, based on Model Finance, is occupied by the Swedish concern Volvo (+29% to € 10.9 billion). The development in its monetary outcomes was the results of the corporate’s transformation to change into a extra sustainable enterprise by growing its electrical automobile division.

The highest ten costliest manufacturers within the area additionally included Sweden’s H&M, Spotify, Nordea, Denmark’s Lego, Novo Nordics, Maersk and Finland’s Nokia.