Lego announces record-high revenue

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Danish toy maker Lego has said its famous coloured building blocks were in high demand in most regions last year&period;<&sol;p>&NewLine;<p>Today it announced a full-year revenue increase of 6&percnt; to 37&period;9 billion kroner &lpar;€5&period;1bn&rpar;&comma; the highest figure in the company&&num;8217&semi;s 85-year history&period;<&sol;p>&NewLine;<p>The privately held group&&num;8217&semi;s net profit rose to 9&period;4 billion kroner &lpar;€1&period;26bn&rpar; from 9&period;2 billion kroner&period;<&sol;p>&NewLine;<p>Its British chief executive Bali Padda said he was &&num;8220&semi;satisfied&&num;8221&semi; with Lego&&num;8217&semi;s performance&comma; adding that sales growth in the last six months of 2016 &&num;8220&semi;was at more sustainable levels than previous years&&num;8221&semi;&period;<&sol;p>&NewLine;<p>The toy maker was &&num;8220&semi;encouraged&&num;8221&semi; by sales in Europe&comma; saw &&num;8220&semi;strong potential&&num;8221&semi; in China but sales were flat in US markets&period;<&sol;p>&NewLine;<p><i>&&num;8220&semi;We will continue to work closely with our retail partners to identify new opportunities to innovate&comma; drive growth and engage children in this important market&comma;&&num;8221&semi;<&sol;i> said Mr Padda&period;<&sol;p>&NewLine;<p>Mr Padda took over on January 1 from Joergen Vig Knudstorp&comma; Lego&&num;8217&semi;s chief executive for the previous 12 years&period;<&sol;p>&NewLine;<p>The Dane&comma; who in 2004 became the first non-family member to head the group&comma; is credited with making the company profitable again&period;<&sol;p>&NewLine;<p>Upon stepping down as chief executive&comma; he became the head of a new Lego entity&period;<&sol;p>&NewLine;<p><i>&&num;8220&semi;Innovation is critical to our success and each year around 60&percnt; of our portfolio is new products&comma;&&num;8221&semi;<&sol;i> Mr Padda said&period;<&sol;p>&NewLine;<p>The group said that&comma; on the whole&comma; about 75 billion Lego pieces were sold in 2016 in more than 140 countries&period;<&sol;p>&NewLine;<p>The group&comma; based in western Denmark&comma; has more than 19&comma;000 employees around the world&period;<&sol;p>&NewLine;<p>It does not release quarterly figures&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed0bad9d873">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ed0bad9d873'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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