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New ranges send Lego sales soaring in first half | New ranges send Lego sales soaring in first half |
(about 2 hours later) | |
New Jurassic World and Elves ranges have helped Lego post double-digit sales growth globally in the first half of the year. | New Jurassic World and Elves ranges have helped Lego post double-digit sales growth globally in the first half of the year. |
The Danish toy company said that revenue rose 23% to 14.1bn kroner (£1.4bn) for the six months to 30 June. | The Danish toy company said that revenue rose 23% to 14.1bn kroner (£1.4bn) for the six months to 30 June. |
Net profit for the period was 3.5bn kroner (£345m), an increase of 838m kroner. | Net profit for the period was 3.5bn kroner (£345m), an increase of 838m kroner. |
The increases come despite tough comparisons with 2014 when The Lego Movie boosted sales. | The increases come despite tough comparisons with 2014 when The Lego Movie boosted sales. |
Chief financial officer John Goodwin said the weakness of the Danish currency and the euro flattered sales by 5 percentage points. | |
"Nevertheless, we are very satisfied with the underlying growth rate of 18%... versus the same period a year ago," he said. | "Nevertheless, we are very satisfied with the underlying growth rate of 18%... versus the same period a year ago," he said. |
The toy market had expanded in the first half of 2015, Mr Goodwin said: "What we need to stay laser-focused on is to continue to innovate around the Lego brick, creating super play experiences for children around the globe and continue to stay relevant as trends evolve." | |
Lego's first-half revenues exceeded those of rival toymaker Mattel, which posted sales of $1.91bn (£1.25bn) for the same period. | |
The Danish company recorded the biggest increase in sales in Asia, where the company has invested heavily to reduce its reliance on markets in Europe and North America. | |
It will open a new factory in Jiaxing, China, later this year to supply the Asian market. | It will open a new factory in Jiaxing, China, later this year to supply the Asian market. |
Julia Goldin, chief marketing officer, said more than 300 Lego sets were on sale during the first half of the year. | Julia Goldin, chief marketing officer, said more than 300 Lego sets were on sale during the first half of the year. |
Lego's City, Creator, Technic and Star Wars ranges were among the most popular, along with the ninja-themed Lego Ninjago range. | Lego's City, Creator, Technic and Star Wars ranges were among the most popular, along with the ninja-themed Lego Ninjago range. |
Another Lego movie based on the Ninjago characters is due to be released in 2017. | |
Andreas Mogensen, Denmark's first astronaut, took 20 Lego figures with him as he blasted into space on Wednesday on a Russian Soyuz rocket. | |
He is one of a three-man international crew on the Soyuz mission to the International Space Station. | |
The figures, bearing European Space Agency logos, will be given away as competition prizes when the astronaut returns to earth. | |
Lego is seeking to find sustainable alternatives to the petrochemical-based materials used to make its bricks. It aims to switch to sustainable materials for all of its toy ranges by 2030. | |
Lego is controlled by Kirkbi, the investment vehicle of Kirk Kristiansen, which also owns a 29.9% stake in Merlin Entertainments. | Lego is controlled by Kirkbi, the investment vehicle of Kirk Kristiansen, which also owns a 29.9% stake in Merlin Entertainments. |
Merlin operates Legoland attractions in Windsor, Billund in Denmark - where Lego is based - and four other locations in the US, Germany and Malaysia. | Merlin operates Legoland attractions in Windsor, Billund in Denmark - where Lego is based - and four other locations in the US, Germany and Malaysia. |
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