LEGO Reports Strong 2007 Results
According to their 2007 Annual Report, released yesterday in Denmark, The LEGO Group posted strong sales and profits results last year. In spite of the fact that the total toy market dropped by around 2% in 2007 compared to the previous year, LEGO sales and profits continued to make significant gains. LEGO worldwide sales increased by 2.6%. Adjusted for exchange rate fluctuations, total sales grew by a surprising 6%. All of the group's markets saw sales increases during 2007, while the overall market was falling significantly.
The company also reported continued adoption of the LEGO Mindstorms NXT robot kits in the education market worldwide with over 150,000 units sold during 2007.