The LEGO Group’s CEO Niels B. Christiansen is about to begin presenting the company’s 2020 annual financial results in a livestream event.
It all kicks off at 9.30am UK time, half an hour after this story goes live, which is just enough time to grab your morning coffee and settle into your favourite chair to hear the heart-warming tale of the LEGO Group’s fiscal results.
To be fair, even if you don’t happen to be on the company’s board of executives (or part of the Kristiansen family), hearing that the LEGO Group is doing well – which almost seems like the inevitable result of this livestream – should be music to your ears, because it means the company isn’t going anywhere anytime soon.
As usual, today’s news will bring us up to speed on how the company performed in the second half of the year. September’s interim results announcement revealed the first half of 2020 saw the LEGO Group’s sales rise by 14% year-on-year, while revenue grew by 7%.
Given how barren LEGO.com’s inventory levels were in the later stages of last year, you’d be wise to assume that incredible growth continued in the six months from July to December. That could heavily depend, however, on how well the company was able to meet the obvious demand for LEGO sets with enough supply, amid the forced closure of at least one of its factories.