Advertisement

Lego posts awesome profits

The success of The Lego Movie has led to a spike in the company's sales - its profits f...
Newstalk
Newstalk

13.00 26 Feb 2015


Share this article


Lego posts awesome profits

Lego posts awesome profits

Newstalk
Newstalk

13.00 26 Feb 2015


Share this article


The success of The Lego Movie has led to a spike in the company's sales - its profits for 2014 increased by 15 percent to over €937 million.

The company estimates that 85m children played with its toys in 2014. It sold a total of over 62 billion pieces of Lego - that's roughly 102 for every person on the planet.

It enjoyed double-digit growth in the US, UK, France, Russia and France.

Advertisement

Film merchandise and a number of tie-ins with successful brands like Star Wars have helped the company to grow.

It was the Danish toy-maker's 10th year of consecutive growth - this is in contrast to its rivals Barbie-maker Mattel and Hasbro who have struggled to keep up.

Lego is a private company and owned by Denmark's richest family - they are the decedents of Ole Kirk Kristiansen who founded the company in 1932.

The name 'Lego' is an abbreviation of the Danish words 'leg godt' - it means 'play well.'


Share this article


Read more about

Business

Most Popular