Tags: APFN | EU | Denmark | Earns | Lego

Lego's Business Returns to Growth after Tough Year

Wednesday, 27 February 2019 05:37 AM EST

COPENHAGEN, Denmark (AP) — Toy maker Lego says its business returned to growth last year, with revenue rising 4 percent over a difficult 2017.

The privately-held company reported Wednesday revenue of 36.4 billion kroner ($5.5 billion), with net profit increasing 3.5 percent to 8.1 billion kroner ($1.2 billion).

It said growth was in the "strong double-digits" in China and "in the low-single digits" in the United States and western Europe.

CEO Niels B. Christiansen said the company has been recovering from a slump in 2017, when sales fell for the first time since 2004 from record highs. He said the company had reached its goal "to stabilize the business."

Christiansen said Lego had "delivered modest top- and bottom-line growth."

The group, which is based in Billund, Denmark, doesn't release quarterly figures.

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Toy maker Lego says its business returned to growth last year, with revenue rising 4 percent over a difficult 2017.The privately-held company reported Wednesday revenue of 36.4 billion kroner ($5.5 billion), with net profit increasing 3.5 percent to 8.1 billion kroner ($1.2...
APFN,EU,Denmark,Earns,Lego
130
2019-37-27
Wednesday, 27 February 2019 05:37 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© 2025 Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved