MediaWatch : 2648


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Subject:	(correction) LEGO® Expects 15% Profit Growth in 2009: CEO
Newsgroups:	lugnet.mediawatch, lugnet.general, lugnet.announce
Followup-To:	lugnet.mediawatch
Date:	Thu, 5 Nov 2009 17:01:14 GMT
Viewed:	33221 times

In lugnet.mediawatch, Abner Finley wrote:

LEGO Expects 50% Profit Growth in 2009: LEGO CEO

Published: Thursday, 29 Oct 2009
By: Reuters

-Correction-

LEGO Group CEO corrects erroneous forecast story

By Katie Roberts
Nov. 4, 2009, 9:53am

CEO Jorgen Vig Knudstorp is keen to correct recent reports on his sales predictions for 2009.
The story claimed that the CEO was hoping to post a 50 per cent global profit growth this year. The story was written by Reuters and picked up by various online news sites including CNBC and ToyNews.

A statement from LEGO explained: “Jorgen Vig Knudstorp has confirmed that he was misquoted in an interview published on Reuters.

“What he commented on was LEGO Group growth in sales for 2009. He did say that he expected a two-digit growth in sales for 2009 - approx. 15 per cent, not 50 per cent as quoted.”

http://www.toynewsmag.com/news/31823/Lego-CEO-corrects-eroneous-forecast-story

-end of report-

Message has 1 Reply:

		Re: (correction) LEGO® Expects 15% Profit Growth in 2009: CEO
(...) Ever hear the one about the guy who walks into his boss' office and asks for a 15% raise? The boss wrings his hands and says, "Gosh, that's an awful lot. Let me think about it." The next day the boss comes back and says, "I'm sorry, but I can (...) (15 years ago, 5-Nov-09, to lugnet.mediawatch, FTX)

Message is in Reply To:

		LEGO® Expects 50% Profit Growth in 2009: CEO
LEGO Expects 50% Profit Growth in 2009: LEGO CEO Published: Thursday, 29 Oct 2009 By: Reuters Danish toy company LEGO expects to post a 50% profit growth in 2009, CEO Jorgen Vig Knudstorp told CNBC, and he expects the growth momentum to continue in (...) (15 years ago, 29-Oct-09, to lugnet.mediawatch, lugnet.general, lugnet.announce, FTX) !

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