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lego group: revenue and profit both grow by double digits in the first half of 2024

2024-08-29

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on august 28, 2024, the lego group released its financial report for the first half of 2024, and the company achieved double-digit growth in both revenue and profit. in the first six months of this year, the lego group's operating income increased by 13% year-on-year to 31 billion danish kroner. retail sales increased by 14% year-on-year. compared with the first half of 2023, operating profit increased by 26%, reaching a record high of 8.1 billion danish kroner; net profit increased by 16% from the same period last year to 6 billion danish kroner.

cash flow from operating activities increased by 60% year-on-year to dkk 7.5 billion. the company invested dkk 4.5 billion, mainly in the construction of new factories and the expansion of existing facilities and offices. free cash flow was dkk 3 billion, compared with dkk 1.1 billion in the same period of 2023.

at the same time, the lego group has significantly increased its investment in strategic projects such as sustainable development, retail and digitalization, and plans to further increase its investment in these areas in the second half of this year.

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