HELO1{"id":104445,"date":"2021-03-10T11:42:19","date_gmt":"2021-03-10T11:42:19","guid":{"rendered":"https:\/\/www.brickfanatics.com\/?p=104445"},"modified":"2021-03-10T17:55:06","modified_gmt":"2021-03-10T17:55:06","slug":"the-lego-groups-full-2020-annual-financial-results-by-the-numbers","status":"publish","type":"post","link":"https:\/\/www.brickfanatics.com\/the-lego-groups-full-2020-annual-financial-results-by-the-numbers","title":{"rendered":"The LEGO Group’s full 2020 annual financial results, by the numbers","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

The LEGO<\/a> Group has revealed just how well it performed in 2020 \u2013 but to save you poring through its 69-page annual report, here\u2019s a breakdown of all the key numbers.<\/p>\n\n\n\n

Sales increased by 21% year-on-year, with revenues of 43.7 billion DKK (roughly \u00a34.95 billion) \u2013 a 13% increase on 2019, or 16% when excluding the impact of exchanging foreign currencies. Operating profit and net profit both increased by 19%, reaching 12.9 billion DKK (\u00a31.49 billion) and 9.9 billion DKK (\u00a31.14 billion) respectively.<\/p>\n\n\n\n

The company\u2019s expenses rose from 85 million DKK (\u00a39.79 million) in 2019 to 412 million DKK (\u00a347.5 million) in 2020, resulting in a pre-tax profit of 12.5 billion DKK (\u00a31.44 billion). Among those expenses were 3.3 billion DKK (\u00a3380 million) on licences and royalties, 8.4 billion DKK (\u00a3967 million) on employee salaries and pensions, and 937 million DKK (\u00a3108 million) on research and development.<\/p>\n\n\n\n

It then paid 2.6 billion DKK (\u00a3299 million) in corporate income tax, representing a very minor rise on its 2.4 billion DKK (\u00a3276 million) tax bill for 2019. That\u2019s because the company\u2019s overall effective tax rate declined from 22.7% in 2019 to 20.7% in 2020, mainly due to changes in tax rules across its various global markets.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The LEGO<\/a> Group saw a 75.3% return on its invested capital in 2020, with its assets increasing to 37.2 billion DKK (\u00a34.28 billion), compared to 34.9 billion DKK (\u00a34.02 billion) in the year before. It then matched 2019\u2019s investment of 1.8 billion DKK (\u00a3207 million) in property and equipment, increasing processing capacity in its Hungary and Mexico factories.<\/p>\n\n\n\n

Its total number of employees also increased from 18,800 at the end of 2019 to 20,468 at the end of 2020, reversing the approximately 1,400 layoffs announced in 2017<\/a> following the LEGO<\/a> Group\u2019s first fall in sales in nearly a decade.<\/p>\n\n\n\n

Dividends paid to the LEGO<\/a> Group\u2019s shareholders in April 2021 will remain consistent with those paid in April 2020, at 8 billion DKK (\u00a3921 million), or 400,000 DKK (\u00a346,075) per 1,000 DKK (\u00a3115) of share capital. CEO Niels B. Christiansen and the Board of Directors were collectively remunerated to the tune of 51 million DKK (\u00a35.87 million), representing a 20 million DKK (\u00a32.3 million) rise on 2019.<\/p>\n\n\n\n

The company\u2019s Executive Leadership Team, meanwhile, received 128 million DKK (\u00a314.7 million) in remuneration in 2020, across salaries, pensions and both short- and long-term incentives and bonuses. That figure also factors in 12 million DKK (\u00a31.4 million) spent on severance payments and \u2018other one-offs\u2019.<\/p>\n\n\n\n

You can dig even deeper into the full 2020 annual report by clicking here<\/a>. Other key takeaways from this year\u2019s finances include the five top-selling themes<\/a>, a supremely successful launch<\/a> for LEGO<\/a> Super Mario<\/a>, and a commitment to expanding the LEGO<\/a> Group\u2019s ever-growing retail presence with more than 100 new brand<\/a> <\/a>stores<\/a> in 2021.<\/p>\n\n\n\n

Support the work that Brick Fanatics<\/em> does by purchasing your LEGO<\/a> through one of our affiliate links<\/a>.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

The LEGO Group has revealed just how well it performed in 2020 \u2013 but to save you poring through its<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":1199,"featured_media":104433,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[1],"tags":[3823,6610,382,22,6625,383,2626,509],"acf":[],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/www.brickfanatics.com\/wp-json\/wp\/v2\/posts\/104445"}],"collection":[{"href":"https:\/\/www.brickfanatics.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brickfanatics.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brickfanatics.com\/wp-json\/wp\/v2\/users\/1199"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brickfanatics.com\/wp-json\/wp\/v2\/comments?post=104445"}],"version-history":[{"count":0,"href":"https:\/\/www.brickfanatics.com\/wp-json\/wp\/v2\/posts\/104445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brickfanatics.com\/wp-json\/wp\/v2\/media\/104433"}],"wp:attachment":[{"href":"https:\/\/www.brickfanatics.com\/wp-json\/wp\/v2\/media?parent=104445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brickfanatics.com\/wp-json\/wp\/v2\/categories?post=104445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brickfanatics.com\/wp-json\/wp\/v2\/tags?post=104445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}