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LEGO has just released its figures for 2012. And the least we can say is that the group is doing very well.
In short, everything is going well, LEGO is making a lot of money, its operating margin and profits are increasing dramatically, the Friends range is a success, etc, etc ...
I put the entire press release below, I have taken the liberty of bolding some important information.
The effective strategy of the LEGO group enabled strong growth in 2012
The efforts focused on the development of innovative products such as LEGO® Ninjago and LEGO Friends as well as on the production close to the main markets contributed to the very satisfactory results of the LEGO Group in 2012. In 2012, the group increased income by 25%, thus reaching € 3 million, nearly triple 144 sales. For the fifth consecutive year, the LEGO Group recorded year-over-year revenue growth exceeding 2007%. Highlights from the LEGO Group's 2012 annual report published today: The currency used by the LEGO Group for its activity report is the DKK. The conversion from DKK to EUR is based on an annual average rate (however the conversion of net cash flow is based on a rate taken at the end of the year) in 2011 and 2012 respectively. « This is a very satisfactory result and better than the forecasts at the start of the year. This is explained, above all, by the fact that we have been able to develop and launch products that children all over the world have approved in 2012. ”Said Jørgen Vig Knudstorp, Chief Executive Officer of the LEGO Group. Over 60% of sales of the LEGO group correspond to new products every year. « That is why our demands on the development and procurement process are so high. Every year we need to be able to anticipate what will spark children's interest and meet their expectations with relevant LEGO products, which we managed to do in 2012 Jørgen Vig Knudstorp added. Production close to the main markets « Thanks to the geographical location of our packaging facilities close to our main markets as well as the continuous optimization and improvement of production, we are better able to meet the demands of our customers and consumers. »Explained Bali Padda, Chief Operating Officer. LEGO Friends has far exceeded our expectations Global growth LEGO France recorded record growth, over 20% of its sales to consumers in 2012. LEGO Friends received an exceptional welcome in France and represented more than half of the growth, the rest being linked to the classic ranges (LEGO City, LEGO DUPLO, LEGO Star Wars ™). 2013 also heralds an excellent vintage for LEGO France with expected double-digit growth. « We are very pleased with the strong growth in Asia, driven primarily by the appeal of the LEGO Ninjago, LEGO Friends and LEGO City lines. Although Asia is only a relatively small market for the LEGO Group, we expect it to become a new growth engine in the years to come. Said Mads Nipper, Chief Marketing Officer. To support this growth, the LEGO group continued to invest close to the main markets in 2012. • In the Czech Republic, the LEGO group announced in September a major extension of its existing factory. As a result of increased sales and investment in production capacity, the number of full-time employees increased by just over 1, from an average of 000 in 9 to 374 in 2011. The company also plans to increase its workforce in 2013. Strong forecast growth in 2013 Building on the dynamics of the LEGO group in 2012, LEGO sales should therefore continue to climb in 2013, even if the global economic crisis will result in a lower growth rate in 2013 compared to that recorded in 2012. It does not However, the LEGO group is forecasting satisfactory results for the year as a whole. |
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