LEGO has released their financial results for the first half of 2022 and their performance was above expectations. Revenue was up 17% while sales increased by 13% however inflation costs on raw materials, energy, and fright has cut into profits. The best selling themes so far this year include LEGO Star Wars, LEGO Technic, LEGO Icons, LEGO City, LEGO Harry Potter, and LEGO Friends.
The LEGO Group delivers top line growth in H1 2022 while accelerating strategic growth initiatives
As the company celebrates its 90th anniversary, strong demand drives double-digit top line growth while it reinvests in the business to accelerate long-term growth initiatives during first half of 2022.
• Revenue grew 17 percent to DKK 27.0 billion.
• Consumer sales grew 13 percent.
• Operating profit was stable at DKK 7.9 billion. Net profit was DKK 6.2 billion.
• Free cash flow was DKK 3.8 billion.
• Market share gains globally and in largest markets.
• The LEGO Foundation continues pledge to support families in need and children’s development through playful learning.
BILLUND, September 28, 2022: The LEGO Group today reported earnings for the six months ending June 30, 2022. Revenue for the period grew 17 percent to DKK 27.0 billion compared with the same period in 2021, driven by strong demand. Consumer sales grew 13 percent, significantly ahead of the toy industry, contributing to global market share growth.
The LEGO Group CEO, Niels B. Christiansen said: “We got off to a strong start in 2022 and are very satisfied with our performance which landed
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