“2017 was a challenging year and overall we are not satisfied with the financial results,” said Mr. Christiansen. “However, we ended the year in a better position.
Growth was elusive for the LEGO Group in 2017, as revenue and profit both declined. Revenue was down from 37.9 billion DKK to 35.0 billion DKK, with net profit down from 9.4 billion DKK to 7.8 billion DKK. The LEGO Group’s cash flow reduced from 9.4 billion DKK to 7.8 billion DKK.
LEGO Group net profit worldwide 2009-2017 Net profit of the LEGO Group worldwide from 2009 to 2017 (in million euros)* This statistic shows the net profit of the LEGO Group from 2009 to 2017.
Some of the best performing themes for 2017 include LEGO City, LEGO Friends, LEGO DUPLO, and LEGO Technic, all in-house IPs. The LEGO Batman Movie also did very well. As a result of the profit decline, the company will have to trim its total global workforce by about eight percent which is about 1,400 jobs by the end of the year.
At a press conference today LEGO have shared the details of their 2017 full year financial results and the numbers are far from impressive. In fact Niels B. Christiansen, the LEGO Group CEO labelled 2017 a challenging year and said that he is not satisfied with the results.
Lego’s net profit for the first six months of 2017 fell to 3.4 billion Danish kroner ($544 million) from 3.5 billion kroner a year earlier, the Wall Street Journal reported. Revenue dropped by 5
Sep 05, 2018 · Lego profit falls in ‘challenging’ 2017Lego AS reported weaker full-year earnings in 2017 as a “clean up of inventories” saw revenue decline …
The family-owned Danish company said on Tuesday that its 2017 sales declined by 8% to 35bn Danish kroner (£4.2bn) following a “challenging year” during which it axed 1,400 jobs.