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Lego earnings plunge 19 in tougher toy market

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The Danish group reported operating profits of 6.4 billion Danish krona (£738 million) in the six months to June 30.

By PA News AgencyToy giant Lego has seen half-year earnings tumble by nearly a fifth as the boom in demand seen during the pandemic faded

The Danish group reported a 19% fall in operating profits to 6.4 billion Danish krona in the six months to June 30. But Lego said it outperformed a declining toy market, with “significant” growth in market share and consumer sales up 3%. “Overall, our performance is in line with expectations, after three consecutive years of extraordinary growth.”

 

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Lego earnings plunge 19 in tougher toy marketThe Danish group reported operating profits of 6.4 billion Danish krona (£738 million) in the six months to June 30.
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