Lego profit doubles as consumers turn to toys during lockdown

Lego A/S’s first half-profit more than doubled as consumers turned to its well-known building blocks to entertain stuck-at-home children.

Net income rose 140% to 6.3 billion kroner ($990 million), the toymaker, which is based in western Denmark, said on Wednesday. Revenue at the closely held company advanced 46%. 

Families across the globe have increased spending on consumer goods while staying at home and Lego emerged last year as a pandemic winner, booking record profits and sales. On Wednesday, Lego said its performance received an additional boost from fewer Covid-related restrictions compared with 2020 as factories could operate without interruptions and most stores have reopened.