Lego Reports 13% Revenue Increase in 2024
Lego Reports 13% Revenue Increase in 2024
Lego Reports 13% Revenue Increase in 2024
News summary

Lego is significantly increasing its use of renewable plastics, such as those derived from recycled cooking oil, in an effort to reduce its environmental impact. Despite facing higher costs, the company has committed not to pass these expenses onto consumers. Lego's pivot comes after abandoning a plan to use recycled plastic bottles due to higher carbon emissions from equipment overhauls. Concurrently, Lego is experiencing robust financial performance, with a 13% revenue increase in the first half of 2024, driven by popular sets like Star Wars, Harry Potter, and new partnerships such as Fortnite. This growth contrasts sharply with competitors Mattel and Hasbro, which reported declines in sales. Lego continues to focus on sustainability, aiming to use entirely renewable and recycled materials by 2032, while also catering to a growing adult fan base.

Story Coverage
How Lego built itself into a nearly inflation-proof toy company
LEGO to scale up use of renewable plastics in its bricks, with goal of replacing fossil fuels by 2032
Lego will replace oil in bricks with more expensive certified renewable plastics
Lego to replace oil in its bricks with pricier renewable plastic
Bias Distribution
67% Left
Information Sources
72da0b09-12c1-4a6a-ac99-710108fff81bd387b58c-602b-49e7-8f0e-990aad2baa470de89078-8bc1-4dae-b16e-c0e6d67fee74bfb2a97b-336e-48d9-b69a-147df7862dc2
+2
Left 67%
C
R
Coverage Details
Total News Sources
6
Left
4
Center
1
Right
1
Unrated
0
Last Updated
21 days ago
Bias Distribution
67% Left
Related News
AI Assistant
Story Coverage
How Lego built itself into a nearly inflation-proof toy company
LEGO to scale up use of renewable plastics in its bricks, with goal of replacing fossil fuels by 2032
Lego will replace oil in bricks with more expensive certified renewable plastics
Lego to replace oil in its bricks with pricier renewable plastic
Subscribe

Stay in the Know, Subscribe to Our News

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News