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 LEGO Company / 3307
     
   
Subject: 
Re: LEGO reports improved financial results
Newsgroups: 
lugnet.lego
Date: 
Thu, 7 Apr 2005 11:06:51 GMT
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(details)
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6289 times
  

In lugnet.general, Allan Bedford wrote:
LEGO has released their annual report for 2004 and it looks like there is some
good news!

http://www.lego.com/eng/info/default.asp?page=pressdetail&contentid=14426&countrycode=2057&yearcode=&archive=false

It came into my Inbox via Google alerts, with this link:

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050406005253&newsLang=en

Keep up the great work!

Best regards,
Allan B.
It was in all the Danish news yesterday - but not as a positive story, but as a
very negative story with the headlights: LEGO struggling for survival, LEGO will
close down factories in Denmark, Switzerland and USA and move production to
China, and in Billund eventually (by 2007) 1500 people will have lost their jobs
- and in a town with 7000 inhabitants, this would be very noticeable.
Quote Knudstorp in TV-interview: "No areas are protected from downsizing"

Arne, Copenhagen

   
         
     
Subject: 
Re: LEGO reports improved financial results
Newsgroups: 
lugnet.lego
Date: 
Thu, 7 Apr 2005 13:38:11 GMT
Viewed: 
5530 times
  

In lugnet.lego, Arne Lykke Nielsen wrote:
In lugnet.general, Allan Bedford wrote:
LEGO has released their annual report for 2004 and it looks like there is some
good news!

http://www.lego.com/eng/info/default.asp?page=pressdetail&contentid=14426&countrycode=2057&yearcode=&archive=false

It came into my Inbox via Google alerts, with this link:

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050406005253&newsLang=en

Keep up the great work!

Best regards,
Allan B.
It was in all the Danish news yesterday - but not as a positive story, but as a
very negative story with the headlights: LEGO struggling for survival, LEGO will
close down factories in Denmark, Switzerland and USA and move production to
China, and in Billund eventually (by 2007) 1500 people will have lost their jobs
- and in a town with 7000 inhabitants, this would be very noticeable.
Quote Knudstorp in TV-interview: "No areas are protected from downsizing"

It was interesting to note that other Google alerts that I got yesterday gave
links to stories that were more like what you describe above.  I guess it might
be all in how you interpret the numbers.  Although things may still not be
fantastic, it seems that at least 2004 wasn't quite as bad as the year before.
And that leaves me hopeful that 2005 will be even better.  :)

Best regards,
Allan B.

   
         
   
Subject: 
Re: LEGO reports improved financial results
Newsgroups: 
lugnet.lego
Date: 
Thu, 7 Apr 2005 14:22:33 GMT
Viewed: 
5332 times
  

In lugnet.lego, Arne Lykke Nielsen wrote:
   In lugnet.general, Allan Bedford wrote:
   LEGO has released their annual report for 2004 and it looks like there is some good news!

http://www.lego.com/eng/info/default.asp?page=pressdetail&contentid=14426&countrycode=2057&yearcode=&archive=false

It came into my Inbox via Google alerts, with this link:

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=newsview&newsId=20050406005253&newsLang=en

Keep up the great work!

Best regards, Allan B.
It was in all the Danish news yesterday - but not as a positive story, but as a very negative story with the headlights: LEGO struggling for survival, LEGO will close down factories in Denmark, Switzerland and USA and move production to China, and in Billund eventually (by 2007) 1500 people will have lost their jobs - and in a town with 7000 inhabitants, this would be very noticeable. Quote Knudstorp in TV-interview: “No areas are protected from downsizing”

Arne, Copenhagen

The BBC is not exactly positive either.

http://news.bbc.co.uk/1/hi/business/4417585.stm

I guess it depends on what the percieved improvement is rather than the current status. I guess one thing LEGO really suffer for is that they can’t shift their manufacture around much like other companies. They really are tied to the machines and skills.

Tim

 

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