COPENHAGEN: The LEGO Group delivered a turnover of DKK 15,692 million in the first half of 2016 while at the same time accelerating investments in building capacity and capabilities around the globe in order to prepare for future growth.
Sales growth was driven by innovation in well-established lines like LEGO City and LEGO NINJAGO, as well as in the brand new theme LEGO NEXO KNIGHTS. Regionally, sales growth was particularly strong in both Europe and Asia with both regions achieving high double-digit growth, while sales development in the Americas region was flat year over year, according to LEGO.
Revenue in the first half of 2016 increased by 10% compared with the same period last year measured in local currency. Revenue for the first half of 2016 increased by 11% in DKK to DKK 15,692m compared with DKK 14,142m for the same period last year.
Operating profit (profit before financial items and tax) for the first half of 2016 was DKK 4,655m compared to DKK 4,607m for the first half of 2015, an increase of 1% year over year. Net profit for the first half of 2016 was DKK 3,489m compared with DKK 3,553m for the first half of 2015.
Cash flow from operating activities was DKK 3,947m compared with DKK 4,349m during the first half of 2015. Commenting on the financial result, LEGO Group President and CEO Jørgen Vig Knudstorp says:
“It is our ambition to reach many more children all over the world with fun and creative LEGO experiences and it is exciting for all of us to see that our products are loved and cherished by children globally. Maintaining double-digit growth year on year through more than a decade is a testament to the never ending possibilities that children find in LEGO play, and the result of the hard work of more than 18,000 LEGO colleagues around the world.“
