According to their most recent press release, the LEGO Group’s revenue for the first half of 2023 is up only 1% over the same period in 2022. Similarly, consumer sales grew by 3% compared to that same period last year. And while a positive number is definitely better than a negative one, this rate of expansion pales in comparison to the stats thrown up over the last three years by TLG (revenue was up 17% for the first half of 2022, for example). However, amid a shrinking toy market, these numbers are outstanding when compared to their peers. And in that hostile environment, TLG managed to further grow its market share over this period. CEO Niels B Christiansen remains undeterred by the slowdown: “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...
