LEGO delivers double digit growth in first half of 2024

The LEGO Group released earnings for the first half of 2024. The company delivered double-digit growth on the top- and bottom-line and significantly outpaced the toy industry, gaining market share. Top-line growth was driven by strong demand for its large and diverse portfolio, especially in Americas and Europe, and excellent execution in all markets. At the same time, the LEGO Group continued to increase spending on strategic initiatives to drive short- and long-term growth.

Niels B Christiansen, CEO said: “We are very pleased with our strong performance in the first half. We delivered double-digit growth on the top- and bottom-line and made significant progress on increasing the amount of sustainable materials used in our products."

“Our portfolio continues to be relevant for all ages and interests, and this is driving significant demand across markets. We used our solid financial foundation to further increase spending on strategic initiatives which will support growth now and in the future to enable us to bring learning through play to even more children.”

In the first six months, the LEGO Group’s revenue increased by 13 percent to DKK 31.0 billion compared with DKK 27.4 billion in H1 2023. Consumer sales grew 14 percent, significantly outperforming the toy industry.

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Source: www.lego.com