The LEGO Group has announced the full year financial results for 2023 and the results show that growth is beginning to stagnate with revenue growing by 2%, while operating profit declined by DKK 0.8 billion (US$0.12bn) compared to 2022. Net profit also declined to DKK 13.1 billion (US$1.92 bn) from DKK 13.8 billion (US$2.02 bn)…
LEGO’s first half of 2023 financial performance slows down, but outperforms declining toy industry
LEGO has announced the results their First Half of 2023 financial results and the results are not pretty with growth and profitability slowing down compared to the previous two years. While consumer sales grew 3% against the same period last year, LEGO have only grown their revenue by 1%, which resulted in sales of 27.4…
Monday Musings #7: How LEGO made nearly a billion dollars in the first half of 2021
Welcome to another instalment of Monday Musings – a fortnightly(ish) series devoted to random musings on the LEGO hobby, community, my collection and beyond. A note: apologies for the slightly slower posting schedule – I’ve just welcomed a new baby boy into my family, and have been spending some much-valued time with my family, and…