Lego marches on with 15 per cent rise in profits
Lego, the toy maker, has delivered a leap in operating profits, as soaring demand for classic products and movie-themed lines helped it to buck the economic downturn.
Jogen Vig Knudstorp, the chief executive of the group, described its results as "highly satisfactory", boasting growth in the US and double digit sales rises in "most" European and Asian markets. He said that sales of licensed-based products, in particular, were "above expectations" last year, citing Star Wars, Harry Potter and Pirates of the Caribbean. Sales of classic lines, such as Lego City, Technic and Creator also "rose sharply".
Lego posted a 15 per cent jump in operating profits to £660m for the year to 31 December, on sales higher by 17 per cent to £2.18bn.
The toy firm expects its sales to continue growing in 2012. But the company said the performance of Lego Universe, the online game launched in late 2010, had fallen "below expectations", convincing it to halt development of the game in November.
Lego is owned by Kjeld Kirk Kristiansena and his children. He is the grandson of its founder, Ole Kirk Christiansen.
- 1 Mario Balotelli: Staff at arson-hit Manchester Dogs' Home convinced Liverpool striker is behind five-figure donation
- 2 There is literally not a single woman in this iPhone 6 queue
- 3 Scottish independence: Tory revolt against 'devo max' grows as Rail Minister Claire Perry joins
- 4 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
- 5 Scottish independence referendum: JK Rowling, Russell Brand, Nigel Farage and more react to the 'No' vote
Scottish independence referendum: Frankie Boyle reacts to nation's 'No' vote - 'To be fair, I've always hated Scotland'
Scottish independence referendum results: David Cameron pledges plans for 'English votes for English laws' by January
Scottish independence live: Scotland gives a clear 'No' in historic referendum - as it happened
Scottish referendum results: David Cameron set to unveil major devolution of powers to England
Scottish independence: Tory revolt against 'devo max' grows as Rail Minister Claire Perry joins
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...