Lego profits up 12%

Lego says net profits last year rose 12% to 4.2bn kroner (€575m) as the privately held Danish toy maker continued to capture market share in what it describes as a sluggish toy market.

Sales of Lego’s popular plastic building blocks rose 17 % to 18.7bn kroner (€2.5bn) against DK16bn the year before, the company said today.