Lego Profit Jumps on Pandemic Spending and Sale of New Products
The Lego store in London, on March 7.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Lego Group, the world’s largest toymaker, said profit jumped by a third last year, helped by new products and families spending more in lockdown.
Net income rose to a record 13.3 billion kroner ($1.94 billion) from 9.9 billion kroner in 2020, the closely-held company, based in the Danish city of Billund, said on Tuesday. Revenue grew 27% to 55.3 billion kroner, also a record.