[RSS]: LEGO delivers strong growth in 2022 and invests in the future

Март 7, 2023

LEGO has today published its annual results for last year in the LEGO.com newsroom.

The company has seen another jump in revenue, up 17%, but net profit increased by just 4%, as a result of inflation and increased capital investments in a number of areas including a new production facility in Vietnam. It achieved growth in all markets which was especially strong in the Americas and Europe.

Here's the press release in full:

The LEGO Group delivers strong growth in 2022 and invests in the future

Marks its 90th anniversary reaching more children with LEGO play than ever before.
Revenue grew 17 percent to DKK 64.6 billion.
Operating profit grew 5 percent to DKK 17.9 billion.
Net profit grew 4 percent to DKK 13.8 billion.
Free cash flow was DKK 9.3 billion.
Market share grew globally.
Momentum driven by large-scale investments in long-term strategic initiatives.

BILLUND, DENMARK, March 7, 2023: The LEGO Group today reported strong earnings for the full year of 2022, significantly outpacing the toy market and gaining market share. Revenue for the full year grew 17 percent to DKK 64.6 billion compared with the same period last year, including the impact of foreign currency exchange rates. The performance was driven by strong demand for the company’s portfolio, retailer partnerships both online and instore, a robust e-commerce platform and a resilient global supply chain network.

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