LEGO ha annunciato questa mattina i risultati i risultati finanziari della prima metà del 2023 e i risultati non sono positivi come gli scorsi anni e crescita e redditività rallentano rispetto ai due anni precedenti.
Mentre le vendite ai consumatori sono cresciute del 3% rispetto allo stesso periodo dell’anno scorso, LEGO ha aumentato le sue entrate solo dell’1%, il che ha portato a vendite di 27,4 miliardi di DKK (3,99 miliardi di dollari).
La cattiva notizia continua con l’utile netto in calo a 5,1 miliardi di DKK (0,74 miliardi di dollari), un calo del 17,74% rispetto ai 6,2 miliardi di DKK (0,9 miliardi di dollari) rispetto allo scorso anno, calo probabilmente dovuto all’aumento dei costi dovuto all’inflazione (ma non solo), e forse alla crescente necessità per le famiglie di risparmiare.
Comunque non tutto è negativo. Le vendite e le entrate sono cresciute comunque e se paragonate al resto dei risultati dell’industria dei giocattoli, si nota come mentre quest’ultima stia procedendo verso un deciso declino, LEGO resta un’azienda solida, che investe nel futuro. Il gruppo ha, infatti, continuato a investire pesantemente. Sono ben 3,6 miliardi di DKK la cifra spesa nei primi sei mesi del 2023 in proprietà, impianti, attrezzature e beni immateriali – probabilmente legati al nuovo impianto di produzione di LEGO in Virginia, Stati Uniti e Vietnam, oltre ad aumentare la capacità delle sue altre fabbriche.
LEGO avrebbe potuto facilmente spremere i loro numeri diminuendo gli investimenti e seguendo le orme di altre grandi aziende e iniziare a licenziare il personale, ma non l’hanno fatto, il che è davvero una buona cosa e dimostra quanto sia diverso il Gruppo LEGO.
Di seguito il comunicato ufficiale LEGO:
The LEGO Group outpaces toy industry in H1 2023 while accelerating long-term growth initiatives
Demand for diverse portfolio continued after three consecutive years of extraordinary growth.
Strong financial foundation enables company to invest in building for the long term and reaching more children with LEGO® play.
Highlights· Consumer sales grew 3 percent vs H1 2022 as demand for relevant and diverse portfolio continued.· Revenue was DKK 27.4 billion, a growth of one percent versus an exceptional H1 2022.· Market share grew significantly as the LEGO Group outperformed a declining toy market.· Operating profit was DKK 6.4 billion compared with DKK 7.9 billion in H1 2022. This is in line with company expectations as it accelerated long-term strategic initiatives such as manufacturing, digital and sustainability. Net profit was DKK 5.1 billion vs DKK 6.2 billion H1 2022.· Free cash flow was DKK 1.1 billion after investing in building new factories and expanding existing facilities.· Pledge to achieve net-zero carbon emissions by 2050 across its full supply chain.
BILLUND, August 30, 2023: The LEGO Group today announced earnings for the first six months of 2023. Revenue was DKK 27.4 billion, a growth of one percent compared with H1 2022. Consumer sales grew three percent outperforming a declining toy market and contributing to strong market share growth.Operating profit was in line with expectations at a solid DKK 6.4 billion compared with an exceptionally strong DKK 7.9 billion in H1 2022. The company continued to accelerate spending in long-term strategic initiatives including manufacturing, digital and sustainability.CEO Niels B Christiansen said: “We are satisfied with our performance; especially as it has been a challenging six months for the toy industry. Demand for our products saw us outpace the industry and significantly grow market share.“Our strong financial position allows us to invest for the long term, particularly in areas such as digital, sustainability and manufacturing. Overall, our performance is in line with expectations, after three consecutive years of extraordinary growth and we are grateful for our great colleagues who work each day to inspire children through play.”Financial overviewContinued demand for products and strong retailer confidence contributed to consumer sales growth. Revenue grew one percent as reported and was flat in constant currency compared with record first half revenues in 2022 despite the impact of retailers’ inventory management. Net profit was DKK 5.1 billion compared with DKK 6.2 billion in the first half of 2022.Free cash flow was DKK 1.1 billion compared with DKK 3.8 billion in the same period last year which reflected planned investments in expanding manufacturing capacity globally and upgrading technology.Market performanceConsumer sales in major, established markets such as Americas grew, while consumer sales in China were impacted by a slower than predicted return to pre-pandemic shopping habits. The company will continue to expand its retail footprint and online presence in China in 2023 and beyond to reach more children.Portfolio and brand performanceThe LEGO Group’s portfolio in 2023 will include more than 750 products which are designed to appeal to builders of all ages and interests. Around half of the portfolio each year is new, demonstrating the creativity and innovation of its talented designers.The top performing themes in the first half were a mix of homegrown IPs and external IPs and included: LEGO® Icons, LEGO Star Wars™, LEGO Technic™ and LEGO City. LEGO DREAMZzz™, the company’s new homegrown IP, was launched in March, with content featured across all major streaming and kids content platforms to build awareness before products went on sale in August.The LEGO Group and Epic Games continue to make good progress on their partnership to create fun, safe digital experiences for children and expect to be able to share more information in the coming months.The LEGO brand remains strong and in April was recognised by RepTrak as the most reputable brand in the world.Strategic initiatives to drive long-term growthThe company stepped up strategic initiatives to deliver sustainable long-term growth and relevance.
· Expanding global manufacturing network The LEGO Group broke ground on a new factory in Virginia, US, in April and continued construction of a new factory in Vietnam. Both sites are USD 1 billion (DKK 6.7 billion) investments and aim to be carbon-neutral run once completed in 2025 and 2024 respectively. Capacity was also added to LEGO factories in Mexico, Czech Republic, Hungary and China. These investments further strengthen the company’s global manufacturing network, which locates production closer to major markets to ensure a short, efficient supply chain able to respond to shifting consumer demands and reduce carbon footprint. · Building a sustainable future The LEGO Group continued to make progress on a wide range of initiatives to reduce its environmental impact. In the first half, the company continued its transition to paper-based pre-packs and announced a partnership with the company European Energy to produce e-methanol which has the potential to be used in future products.The LEGO Group aims to triple spending over three years on activity to reduce its carbon footprint, including using more sustainable materials, expanding usage of renewable energy and working towards its target to reduce carbon emissions by 37 percent by 2032. It also pledged to achieve net-zero greenhouse gas emissions across its full supply chain by at least 2050. · Transforming shopper experience through digital As part of its digital transformation, the company introduced technology that has improved shopper experiences in the first six months. This included an instore point of sale app and new digital tools that flow orders between warehouses to reduce delivery times. The company continued its planned growth of its digital team and by the end of the year expects to have around 1,800 digital colleagues in four locations: Billund, Copenhagen, London and Shanghai. · Memorable retail experiences The company continues to expand the global network of LEGO branded stores* designed to create memorable brand moments for shoppers. It opened 89 new stores during the first half of 2023, taking the total number globally at the end of the period to 988. The company has also continued to strengthen e-commerce capabilities and performance across its own and partner platforms.Inspiring future generationsThe LEGO Group believes that learning through play gives children the best opportunity to develop life-long skills that will help them achieve their potential. During the first six months of 2023, more than 4.3 million children benefited from product donations and local community engagement activities.Niels B Christiansen said: “We remain fully focussed on our ambition to inspire and develop more children around the world. We are proud to be in a strong financial position to deliver on this mission today and invest to ensure we continue to deliver for many generations in the future.”
Primo semestre 2023, la performance finanziaria del Gruppo LEGO rallenta
LEGO ha annunciato questa mattina i risultati i risultati finanziari della prima metà del 2023 e i risultati non sono positivi come gli scorsi anni e crescita e redditività rallentano rispetto ai due anni precedenti.
Mentre le vendite ai consumatori sono cresciute del 3% rispetto allo stesso periodo dell’anno scorso, LEGO ha aumentato le sue entrate solo dell’1%, il che ha portato a vendite di 27,4 miliardi di DKK (3,99 miliardi di dollari).
La cattiva notizia continua con l’utile netto in calo a 5,1 miliardi di DKK (0,74 miliardi di dollari), un calo del 17,74% rispetto ai 6,2 miliardi di DKK (0,9 miliardi di dollari) rispetto allo scorso anno, calo probabilmente dovuto all’aumento dei costi dovuto all’inflazione (ma non solo), e forse alla crescente necessità per le famiglie di risparmiare.
Comunque non tutto è negativo. Le vendite e le entrate sono cresciute comunque e se paragonate al resto dei risultati dell’industria dei giocattoli, si nota come mentre quest’ultima stia procedendo verso un deciso declino, LEGO resta un’azienda solida, che investe nel futuro. Il gruppo ha, infatti, continuato a investire pesantemente. Sono ben 3,6 miliardi di DKK la cifra spesa nei primi sei mesi del 2023 in proprietà, impianti, attrezzature e beni immateriali – probabilmente legati al nuovo impianto di produzione di LEGO in Virginia, Stati Uniti e Vietnam, oltre ad aumentare la capacità delle sue altre fabbriche.
LEGO avrebbe potuto facilmente spremere i loro numeri diminuendo gli investimenti e seguendo le orme di altre grandi aziende e iniziare a licenziare il personale, ma non l’hanno fatto, il che è davvero una buona cosa e dimostra quanto sia diverso il Gruppo LEGO.
Di seguito il comunicato ufficiale LEGO:
Strong financial foundation enables company to invest in building for the long term and reaching more children with LEGO® play.
· Expanding global manufacturing network
The LEGO Group broke ground on a new factory in Virginia, US, in April and continued construction of a new factory in Vietnam. Both sites are USD 1 billion (DKK 6.7 billion) investments and aim to be carbon-neutral run once completed in 2025 and 2024 respectively. Capacity was also added to LEGO factories in Mexico, Czech Republic, Hungary and China. These investments further strengthen the company’s global manufacturing network, which locates production closer to major markets to ensure a short, efficient supply chain able to respond to shifting consumer demands and reduce carbon footprint.
· Building a sustainable future
The LEGO Group continued to make progress on a wide range of initiatives to reduce its environmental impact. In the first half, the company continued its transition to paper-based pre-packs and announced a partnership with the company European Energy to produce e-methanol which has the potential to be used in future products.The LEGO Group aims to triple spending over three years on activity to reduce its carbon footprint, including using more sustainable materials, expanding usage of renewable energy and working towards its target to reduce carbon emissions by 37 percent by 2032. It also pledged to achieve net-zero greenhouse gas emissions across its full supply chain by at least 2050.
· Transforming shopper experience through digital
As part of its digital transformation, the company introduced technology that has improved shopper experiences in the first six months. This included an instore point of sale app and new digital tools that flow orders between warehouses to reduce delivery times. The company continued its planned growth of its digital team and by the end of the year expects to have around 1,800 digital colleagues in four locations:
Billund, Copenhagen, London and Shanghai.
· Memorable retail experiences
The company continues to expand the global network of LEGO branded stores* designed to create memorable brand moments for shoppers. It opened 89 new stores during the first half of 2023, taking the total number globally at the end of the period to 988. The company has also continued to strengthen e-commerce capabilities and performance across its own and partner platforms.Inspiring future generationsThe LEGO Group believes that learning through play gives children the best opportunity to develop life-long skills that will help them achieve their potential. During the first six months of 2023, more than 4.3 million children benefited from product donations and local community engagement activities.Niels B Christiansen said: “We remain fully focussed on our ambition to inspire and develop more children around the world. We are proud to be in a strong financial position to deliver on this mission today and invest to ensure we continue to deliver for many generations in the future.”