LEGO posts strong H1 performance

The LEGO Group continues to invest in its retail experiences and has opened many retail stores in China. Global toy giant LEGO Group has posted robust financial results for the first half of 2024, achieving double-digit revenue growth that outpaced the overall toy industry and reaffirmed its continued efforts to invest in the Chinese market for long-term growths. LEGO Group's revenue surged by 13 percent to 31.0 billion Danish krone, compared to 27.4 billion Danish krone in the same period last year. Operating profit also grew by 26 percent year-on-year, reaching a record 8.1 billion Danish krone, while net profit rose 16 percent to 6.0 billion Danish krone. Capital expenditures for the first half amounted to 4.5 billion Danish krone, up from 3.6 billion Danish krone in the previous year, primarily focused on new factory constructions and facility expansions.