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[RSS]: LEGO announce earnings for 1HY 2023


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LEGO announce earnings for 1HY 2023

LEGO has today announced earnings for the first six months of 2023 and, as in recent years, it has seen growth in sales and revenue. Here are the headlines and full press release:

  • Consumer sales grew 3 percent vs H1 2022 as demand for relevant and diverse portfolio continued.
  • Revenue was DKK 27.4 billion, a growth of one percent versus an exceptional H1 2022.
  • Market share grew significantly as the LEGO Group outperformed a declining toy market.
  • Operating profit was DKK 6.4 billion compared with DKK 7.9 billion in H1 2022. This is in line with company expectations as it accelerated long-term strategic initiatives such as manufacturing, digital and sustainability. Net profit was DKK 5.1 billion vs DKK 6.2 billion H1 2022.
  • Free cash flow was DKK 1.1 billion after investing in building new factories and expanding existing facilities.
  • Pledge to achieve net-zero carbon emissions by 2050 across its full supply chain.

BILLUND, August 30, 2023: The LEGO Group today announced earnings for the first six months of 2023. Revenue was DKK 27.4 billion, a growth of one percent compared with H1 2022. Consumer sales grew three percent outperforming a declining toy market and contributing to strong market share growth.

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