The LEGO Group sees rise in UK sales and profit
The UK part of the LEGO Group has seen a rise in both sales and profit.
While the LEGO Group as a whole is going through a tricky period, that has seen CEO Bali Padda replaced within 12 months of being appointed, LEGO Company Ltd – the UK division – has seen pre-tax profits reach £11 million.
Insider Media reports that revenue for the year ending December 31, 2016, saw profits rise to £286.5 million from £253.3 million the year prior. Pre-tax profits rose from £7.2 million to £11.4 million.
In the annual report at Companies House, directors described the performance of the LEGO brand in the UK market as “excellent” and said the company has maintained its overall market share during the 12-month period.
Sales are expected to grow further in 2017, as the LEGO Group as a whole looks to manage ‘sustainable growth’.
Author Profile
- Graham was the Brick Fanatics Editor up until November 2020. He has plenty of experience working on LEGO related projects, including LEGO Star Wars: The Force of Creativity. He has contributed to various websites and publications on topics including niche hobbies, the toy industry and education.
Latest entries
25 Years of LEGO Star Wars06/05/2024How LEGO has spent the past 25 years making the Millennium Falcon better – and bigger- 25 Years of LEGO Star Wars02/05/2024How Lucasfilm approved LEGO Star Wars sets in the age before video calls
- 25 Years of LEGO Star Wars01/05/2024How the LEGO Group cooked up the original LEGO Star Wars UCS X-wing
- Features07/01/2021LEGO exclusive: AFOLs taught us to take adults seriously
