Subject:
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Re: LEGO reports improved financial results
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Newsgroups:
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lugnet.lego
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Date:
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Thu, 7 Apr 2005 20:47:46 GMT
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Viewed:
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5144 times
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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
I just finished wading through the annual report - it's an interesting read.
Boiled down, I think it comes to: "Last year wasn't quite as bad a stinkburger
as we thought. Kinda."
It's the type of document that can be taken both ways. Improvements are
definitely happening, which is good news; but they still lost more. The bar
charts are particularly telling. Hard to spin the numbers.
It's funny to note what the media gloms on to... a lot of headlines read,
"Ailing LEGO to shed parks" or something along those lines. That was announced a
while ago. Whatever is the sexiest headline, I guess.
It would be very nice to hear a balanced, honest analysis of what this REALLY
means for LEGO in the long run. No doom-n-gloom chicken little, no corporate
happyspeak spin.
Anybody here volunteer? ;)
- Kelly
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Message has 2 Replies:
 | | Re: LEGO reports improved financial results
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| (...) Very tricky. I have gone through the annual report - but its not clear whether what's happened is the start of a long contraction down to a niche player or more of a once-off adjustment that's a foundation for modest growth. A couple of (...) (19 years ago, 8-Apr-05, to lugnet.lego)
| | | Re: LEGO reports improved financial results
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| (...) Very tricky. I have gone through the annual report - but its not clear whether what's happened is the start of a long contraction down to a niche player or more of a once-off adjustment that's a foundation for modest growth. A couple of (...) (19 years ago, 8-Apr-05, to lugnet.lego)
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