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As the company announced on Tuesday, this corresponded to a four percent increase from the previous year. Even then, annual profits set a record for Lego. Sales increased by 17 percent to 64.6 billion kronor (8.6 billion Swiss francs) in 2022, thanks in part to continued high demand for various Lego products.
Lego boss Niels B. Christiansen has announced that 2022 is a “milestone year” for the Lego Group as the group celebrates its 90th birthday. Strong numbers showed that playing with Lego is more relevant and attractive than ever before. You have managed to reach more children than ever before with Lego toys.
Operation suspended in Russia
Lego has announced that it will indefinitely suspend its business operations in Russia over the summer. Immediately after the Russian invasion of Ukraine, the group announced that they would no longer send Lego bricks and sets to Russia. The annual report did not reveal exactly how much this step cost Lego. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
