Category: Community (Page 45 of 178)

Earlier today, LEGO has published the 2021 annual results and they have reported very strong growth last year. Consumer sales went up 22% compared to 2020 and revenue grew 27% to DKK 55.3 million which is equivalent to about $8 billion. Operating profit grew 32% and net profit was DKK 13.3 million.

The top selling themes for 2021 in no particular order include:

• LEGO City
• LEGO Technic
• LEGO Creator Expert
• LEGO Harry Potter
• LEGO Star Wars

The LEGO Group achieves strong growth while investing to build for the future

Consumer sales grew at strong levels in 2021. Brought LEGO® play to more children around the world.

• Consumer sales grew 22 percent for the full year vs 2020.
• Revenue grew 27 percent to DKK 55.3 billion compared with 2020.
• Operating profit grew 32 percent to DKK 17.0 billion.
• Net profit was DKK 13.3 billion in 2021 against DKK 9.9 billion in 2020. Profit grew strongly while the Group continued strategic investments to meet long-term growth.
• Free cash flow was DKK 12.9 billion.
• Market share grew in largest markets.

Billund, March 8th, 2022: The LEGO Group today reported earnings for the full year of 2021. Revenue for the year grew 27 percent versus 2020 to DKK 55.3 billion and consumer sales grew 22 percent over the same period, outpacing the toy industry and driving market share growth globally and in largest markets.

The LEGO Group CEO, Niels B. Christiansen said: “I am grateful for everything the LEGO

LEGO looks to have stopped deliveries to LEGO Stores in Russia as a repercussion of the sanctions imposed after Russia’s invasion of Ukraine. According to Danish outlet, Finans, they quoted a LEGO spokesperson stating,

We have suspended all shipments of products to Russia in light of the sanctions and the unpredictable operating environment.

There are 81 stores in Russia and Reuters has reported that LEGO has advised employees not to get involved in public discussion about the war or attend any protests. LEGO also stated that it was a personal choice and employees can do as they wish. LEGO has recently announced a $16.5 million donation to families in Ukraine for relief efforts.

Allen "Tormentalous" Tran

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To support the humanitarian crisis in Ukraine, The LEGO Foundation, Ole Kirk’s Fond, and the LEGO Group has announced an emergency $16.5 million donation to support Ukrainian children and families. The money will be distributed to the United Nations Children’s Fund (UNICEF), Save the Children, and the Danish Red Cross to help families that are affected by Russia’s invasion of Ukraine.

The LEGO Foundation, Ole Kirk’s Fond, and the LEGO Group make emergency DKK 110 million donation to support Ukrainian children and families

The LEGO Foundation, Ole Kirk’s Fond and the LEGO Group have announced an emergency donation of DKK 110 million (approx. USD 16.5 million) to support the people of Ukraine – including children and their families – affected by the devastating invasion in Ukraine, thousands of whom are fleeing to neighbouring countries.

This donation aims to support general humanitarian aid for the Ukrainian people as well as education and protection of children. The 110 M DKK will be distributed to partners including the United Nations Children’s Fund (UNICEF), Save the Children, and the Danish Red Cross to address the immediate basic needs and mental support for the millions of civilians affected by the crisis. The exact focus of activities will depend on how the situation evolves and as UNICEF, Save the Children, and the Danish Red Cross identify the greatest needs, in the days and weeks ahead.

We stand with the Ukrainian people and all those affected by the devastating invasion of Ukraine, and call for a rapid and peaceful end to the conflict.

The LEGO Foundation has announced that it is now ready to donate 600 LEGO MRI Scanners to hospitals worldwide to help children cope with the uncertainty of having an MRI. Hospitals with radiology departments can sign up and local volunteers will help build it for use. Read the full press release below.

The LEGO Foundation to donate LEGO® MRI Scanners to hospitals globally

Radiology departments worldwide encouraged to apply

Billund, Denmark,23 February 2022 – The LEGO Foundation has announced it will donate 600 LEGO® MRI Scanners to hospitals worldwide to help children cope with the uncertainty of having a Magnetic Resonance Imaging (MRI) scan.

What started in 2015 as a passion project for LEGO employee Erik Ullerlund Staehr and Odense University Hospital, Denmark,is now being scaled and piloted with new training material for hospital staff. The team developed the sets as a way to help children navigate the often daunting and intimidating process of having an MRI scan. The sets are designed to help children better collaborate with clinicians and understand what the large and complex MRI machine is all about.

Erik Ullerlund Staehr, Chemical Technician at the LEGO Group said: “I’m extremely proud of this project and the positive impact it’s already had. I’ve seen first-hand how children have responded to these models; making them feel more relaxed and turning an often highly stressful experience into a positive, playful one. From making a few LEGO MRI models with other LEGO employees in our free time, it’s amazing to see the project now being rolled out

It has been announced that The LEGO Foundation has launched a $143 million global competition to address early years development. This is the largest public grant that LEGO has provided which goes towards helping challenges that younger kids face. Some of these challenges include lost of access to services and support spurred on by the global pandemic.

Grants will be awarded to those exploring evidence-based innovative solutions to the biggest problems of today such as access to quality early childhood education and care, adequate nutrition, eradication of toxic stress in homes and communities, reduction of violence in homes and communities, protection from pollution, and supporting the social and emotional well-being of the whole family.

The LEGO Foundation launches USD 143 million global competition to tackle early years development

• Chief Executive Anne-Birgitte Albrectsen calls for urgent attention around young children amid global early childhood emergency, threatening future generations
• Biggest public grant of USD 143 million ever provided by The LEGO Foundation
• Global competition launched in the LEGO® brand’s 90th year seeks transformational ideas to help solve the biggest global challenges facing birth to six-year-olds

The LEGO Foundation has announced a USD 143 million global challenge to fund bold and impactful solutions focused on early childhood in what CEO, Anne-Birgitte Albrectsen says will address a “global early childhood emergency”, one that is characterised by a loss of access to services and support, exacerbated by the global pandemic.

Launched by The LEGO Foundation, the Build A World of Play Challenge will enable any organisations who can

Earlier today, LEGO announced that they will be significantly expanding and upgrading their headquarters in Billund, Denmark. There will be a creation of the “Kornmarken Campus” which will connect the existing LEGO factory to a new building. Also a new office building will become an “Innovation Center” which will be used for product innovation and product technology development. Construction will begin in 2023 and will be completed in 2025. The expansion will take sustainability into consideration as the Kornmarken Campus will use low carbon steel and concrete while the office spaces will use timber.

The LEGO Group invests to create cutting-edge engineering and innovation workplaces in Danish Headquarters

Billund, February 10, 2022: Today, the LEGO Group announced that it will significantly expand and upgrade its global headquarters in Billund, Denmark towards 2025. Construction will begin in 2023.

The investments include the creation of “Kornmarken Campus”, which will connect the existing LEGO® factory with a new 46,000m2 building. Combined, this will become the 100,000m2 Kornmarken Campus on the outskirts of the town of Billund. Investments will also be made in the construction of a new office building in the centre of Billund which will become an “Innovation Campus” providing a dedicated space for product innovation and product technology development. The expansions come on top of the investment in the 54,000m2 LEGO Campus building, which will be inaugurated later this year.

Niels B. Christiansen, CEO of the LEGO Group said: “We have invested significantly in our Billund Headquarters in recent years to create a working environment which reflects