Lego kit – illustration photo.
Copenhagen – The Danish manufacturer of Lego sets increased its net profit by four percent last year to a record 13.8 billion Danish crowns (43.7 billion CZK). The company benefited from continued high demand, and its business was not disrupted even by the departure from Russia. The company, which also has a production plant in the Czech Republic, stated this in its announcement today.
Sales increased by 17 percent to DKK 64.6 billion. “The year 2022 was a turning point for the LEGO Group,” said the head of the company, Niels B. Christiansen.
The company celebrated 90 years of existence and last summer said it would suspend business activities in Russia for an indefinite period. Immediately after the beginning of the Russian invasion of Ukraine, the company announced that it would stop sending its kits to the country. However, the annual report does not indicate how much money this decision cost the company.
The Lego company was founded in 1932 by Ole Kirk Christiansen and named it after the Danish words “leg godt”, which means “have a good time”. The Christiansens are now the richest Danish family, and the Lego company is the largest toy manufacturer in the world in terms of sales.
One of the Lego production plants is in Kladno, it started operations there in 2000. At the Kladno plant, the building blocks are decorated, assembled with smaller parts and packages. Kits for the European market are produced in the Czech Republic and Denmark. The company has other production plants in Mexico, where it produces goods for the American market, and in China, where products are created for the Asian market.
Next year, the company plans to open a new factory in Vietnam and in 2025 in the United States. Both should be carbon neutral.