PlasticsEdge™ Lead Generation Program: Call 978-342-9000 for details or email [email protected]
Plastics-Industry-Business-Today-Lego-business-returns-growth-after-tough-year
COPENHAGEN, Denmark (AP) — For Lego, the pieces are coming back together.
The Danish toy maker said Wednesday its revenue rose 4 percent last year to 36.4 billion kroner ($5.5 billion) after a tough 2017. Net profit increased 3.5 percent to 8.1 billion kroner ($1.2 billion).
Growth was in the “strong double-digits” in China and “in the low-single digits” in the United States and western Europe.
CEO Niels B. Christiansen said the privately-held company has been recovering from a slump in 2017, when sales fell for the first time since 2004 from record highs. He said the company had reached its goal “to stabilize the business.”
Lego had “delivered modest top- and bottom-line growth,” Christiansen said.
The company, based in Billund, in western Denmark, said it was planning to open 80 stores in 18 Chinese cities in 2019, starting with a new flagship store in Beijing which opened Feb. 22. It would also further expand its presence in the Middle East and countries with a growing middle class, namely India.
Founded in 1932, Lego’s name was invented by combining the first two letters of the Danish words “Leg godt” (play well) without knowing that that the word in Latin means “I assemble.”
See the ‘Source Link’ for the full article

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

The Revolutionary Past of Plastics

daily.jstor.org — From disposable straws to lifesaving medical...

Essentra Extrusion Sold To Inter Primo In EUR16 Million Deal

LONDON (Alliance News) - Essentra PLC on Tuesday said is has...

A ‘cast PU elastomer’ that can be injection moulded

plasticsnewseurope.com/ — Lanxess AG has developed a low free...

Plastic straws rank low among consumer concerns

PlasticsToday.com — What do you feel guilty about? Since you’re...

Is Milacron Holdings Corp (NYSE:MCRN)’s Fuel Running Low?

Makdaily.com — The stock of Milacron Holdings Corp (NYSE:MCRN)...

Single-ion conducting polymer electrolytes

ScienceDirect.com — Solid single-Li+-ion conducting polymer...

Functional Natural and Synthetic Polymers

Advancedsciencenews.com — Highly specialized polymers with specific...

New Frontiers for Recyclable Polymers

Flinders University — Many modern plastics, rubbers and ceramics...

Krauss-Maffei Corp. president Paul Caprio stepping down

Canplastics.com — Paul Caprio, president of processing machinery...

Prodways Begins Work on Autonomous Dental 3D Printing

France — Since it was acquired by Groupe Gorgé in 2013, Prodways has...