LEGO has released their financial results for the first half of 2020 and they have had double digit growth fueled by strong consumer demand. Sales grew 14% while revenue grew by 7% compared to the same time last year. Some of the top performing themes in no particular order include Technic, Speed Champions, Classic, Star Wars, Harry Potter, and Disney Princess.
The LEGO Group delivers double-digit growth in 1H 2020
Strong consumer demand drove consumer sales, revenue, operating profit and market share growth. Strategic investments positioned the Group well to navigate impact of COVID-19.
– Consumer sales grew 14 percent in 1H 2020 compared with 1H 2019.
– Revenue grew 7 percent to DKK 15.7 billion compared with the same period in 2019.
– Operating profit grew 11 percent to DKK 3.9 billion, while investing in significant long-term growth initiatives.
– Free cash flow strong at DKK 4.1 billion.
– Market share grew in major countries, outpacing the toy industry.
BILLUND, September 2, 2020: The LEGO Group today reported first half earnings for the six months ending June 30, 2020. Revenue for the period grew 7 percent to DKK 15.7 billion compared with the same period in 2019. Consumer sales grew 14 percent compared with 1H 2019 and the brand’s global market share increased. Operating profit was DKK 3.9 billion, an increase of 11 percent compared with 2019.
The LEGO Group CEO, Niels B. Christiansen said: “The strong results are due to our incredible team. When COVID-19 closed stores and offices, our colleagues did everything they
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