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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Wed, 6 Apr 2005 17:09:46 GMT
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Highlighted:
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In lugnet.lego, Marc Nelson, Jr. wrote:
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In lugnet.general, Allan Bedford wrote:
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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.
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That’s some heroic spin from our man Jorgen. See this:
The result after tax for the year was DKK -1,931m compared with DKK -935m
in 2003.
Obviously, all the cost-cutting is good news, and once they unload the parks
they’ll be in much better shape. But it ain’t happened yet.
Marc Nelson Jr.
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Forbes has a less positive spin than the TLC press release:
Struggling Danish toy maker Lego Systems A/S Wednesday said its full-year
net loss more than doubled as sales fell.
The net loss for 2004 was 1.93 billion kroner, or about $333 million, a
widening from last year’s loss of 935 million kroner.
Marc Nelson Jr.
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Message is in Reply To:
 | | Re: LEGO reports improved financial results
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| (...) That's some heroic spin from our man Jorgen. See this: The result after tax for the year was DKK -1,931m compared with DKK -935m in 2003. Obviously, all the cost-cutting is good news, and once they unload the parks they'll be in much better (...) (20 years ago, 6-Apr-05, to lugnet.lego, FTX)
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