LEGO has released their financial results for the first half of 2024 and they have delivered double digit top and bottom line growth. Revenue grew by 13% while consumer sales grew by 14% which was driven by a demand for a strong and diverse portfolio.
For the first half of the year, LEGO has released about 300 sets and some of the top performing themes include LEGO Icons, LEGO City, LEGO Technic, LEGO Star Wars, and LEGO Harry Potter.
… ContinueThe LEGO Group delivers double-digit top- and bottom-line growth in H1 2024
Significantly outpaced toy industry and grew market share.
Continued strategic investments to drive growth while further accelerating sustainability initiatives.Highlights vs. H1 2023
• Revenue grew 13 percent to DKK 31.0 billion.
• Consumer sales grew 14 percent driven by demand for a strong and diverse portfolio.
• Market share grew as the LEGO Group continued to significantly outperform the toy market.
• Operating profit grew 26 percent to DKK 8.1 billion driven by strong top-line while spending on strategic initiatives increased as planned in H1. Net profit grew 16 percent to DKK 6.0 billion.
• Free cash flow was DKK 3.0 billion due to strong top-line performance while investments continued in building new factories and expanding facilities and offices.
• 30 percent of all resin purchased in H1 was certified mass balance, which translates to an estimated average of 22 percent material from renewable and recycled sources in the raw materials the company uses to make LEGO® bricks.BILLUND, Denmark, August 28, 2024: The
