By Helgi Library - April 2, 2020
Lego Group's total assets reached DKK 27,877 mil at the end of 2015, up 30.2% compared to the previous year. Curre...
Profit Statement | 2013 | 2014 | 2015 | |
Sales | DKK mil | 25,294 | 28,578 | 35,780 |
Gross Profit | DKK mil | 17,871 | 20,507 | 25,966 |
EBITDA | DKK mil | 9,100 | 10,644 | 13,325 |
EBIT | DKK mil | 8,336 | 9,697 | 12,244 |
Financing Cost | DKK mil | 97.0 | 206 | 96.0 |
Pre-Tax Profit | DKK mil | 8,239 | 9,491 | 12,148 |
Net Profit | DKK mil | 6,076 | 7,025 | 9,174 |
Dividends | DKK mil | 5,000 | 4,500 | ... |
Balance Sheet | 2013 | 2014 | 2015 | |
Total Assets | DKK mil | 17,952 | 21,419 | 27,877 |
Non-Current Assets | DKK mil | 6,839 | 9,386 | 11,224 |
Current Assets | DKK mil | 11,113 | 12,033 | 16,653 |
Working Capital | DKK mil | 4,493 | 5,543 | 6,014 |
Shareholders' Equity | DKK mil | 11,075 | 12,832 | 17,751 |
Liabilities | DKK mil | 6,877 | 8,587 | 10,126 |
Total Debt | DKK mil | 293 | 358 | 376 |
Net Debt | DKK mil | -731 | -124 | -835 |
Ratios | 2013 | 2014 | 2015 | |
ROE | % | 58.0 | 58.8 | 60.0 |
ROCE | % | 58.5 | 53.5 | 57.0 |
Gross Margin | % | 70.7 | 71.8 | 72.6 |
EBITDA Margin | % | 36.0 | 37.2 | 37.2 |
EBIT Margin | % | 33.0 | 33.9 | 34.2 |
Net Margin | % | 24.0 | 24.6 | 25.6 |
Net Debt/EBITDA | -0.080 | -0.012 | -0.063 | |
Net Debt/Equity | -0.066 | -0.010 | -0.047 | |
Cost of Financing | % | 17.5 | 63.3 | 26.2 |
Cash Flow | 2013 | 2014 | 2015 | |
Total Cash From Operations | DKK mil | 6,744 | 7,945 | 10,559 |
Total Cash From Investing | DKK mil | -2,704 | -3,164 | -2,935 |
Total Cash From Financing | DKK mil | -3,466 | -5,302 | -6,816 |
Net Change In Cash | DKK mil | 574 | -521 | 808 |
Cash Conversion Cycle | days | 51.7 | 59.5 | 50.7 |
Cash Earnings | DKK mil | 6,840 | 7,972 | 10,255 |
Free Cash Flow | DKK mil | 4,040 | 4,781 | 7,624 |
Get all company financials in excel:
summary | Unit | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | |||||||||||||||||||
Sales | DKK mil | 11,661 | 16,014 | 18,731 | 23,405 | 25,294 | |||||||||||||
Gross Profit | DKK mil | ... | ... | ... | ... | ... | 6,260 | 9,063 | 10,318 | 13,105 | 17,871 | ||||||||
EBIT | DKK mil | 2,902 | 4,973 | 5,666 | 7,952 | 8,336 | |||||||||||||
Net Profit | DKK mil | ... | ... | ... | ... | ... | 2,197 | 3,696 | 4,137 | 5,583 | 6,076 | ||||||||
ROE | % | ... | ... | ... | ... | ... | 82.0 | 84.3 | 66.5 | 66.3 | 58.0 | ||||||||
EBIT Margin | % | 24.9 | 31.1 | 30.2 | 34.0 | 33.0 | |||||||||||||
Net Margin | % | ... | ... | ... | ... | ... | 18.8 | 23.1 | 22.1 | 23.9 | 24.0 | ||||||||
Employees | ... | ... | ... | ... | ... | 8,616 | 12,264 | 9,374 | 10,400 | 11,755 | |||||||||
balance sheet | |||||||||||||||||||
Total Assets | DKK mil | 7,788 | 10,972 | 12,904 | 16,352 | 17,952 | |||||||||||||
Non-Current Assets | DKK mil | 2,259 | 2,936 | 3,702 | 4,909 | 6,839 | |||||||||||||
Current Assets | DKK mil | 5,529 | 8,036 | 9,202 | 11,443 | 11,113 | |||||||||||||
Shareholders' Equity | DKK mil | 3,291 | 5,473 | 6,975 | 9,864 | 11,075 | |||||||||||||
Liabilities | DKK mil | 4,497 | 5,499 | 5,929 | 6,488 | 6,877 | |||||||||||||
Non-Current Liabilities | DKK mil | 1,061 | 1,066 | 1,058 | 428 | 1,144 | |||||||||||||
Current Liabilities | DKK mil | 3,436 | 4,433 | 4,871 | 6,060 | 5,733 | |||||||||||||
Net Debt/EBITDA | ... | ... | ... | ... | ... | ... | -0.238 | 0.005 | 0.043 | 0.041 | -0.080 | ||||||||
Net Debt/Equity | ... | ... | ... | ... | ... | ... | -0.241 | 0.005 | 0.038 | 0.035 | -0.066 | ||||||||
Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | 1.38 | 10.1 | 15.0 | 52.3 | 17.5 | ||||||
cash flow | |||||||||||||||||||
Total Cash From Operations | DKK mil | ... | ... | ... | ... | ... | 2,712 | 3,744 | 3,828 | 6,220 | 6,744 | ||||||||
Total Cash From Investing | DKK mil | ... | ... | ... | ... | ... | -1,248 | -1,138 | -1,542 | -1,773 | -2,704 | ||||||||
Total Cash From Financing | DKK mil | ... | ... | ... | ... | ... | -906 | -3,477 | -2,519 | -4,535 | -3,466 | ||||||||
Net Change In Cash | DKK mil | ... | ... | ... | ... | ... | 558 | -871 | -233 | -88.0 | 574 |
income statement | Unit | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | |||||||||||||||||||
Sales | DKK mil | 11,661 | 16,014 | 18,731 | 23,405 | 25,294 | |||||||||||||
Cost of Goods & Services | DKK mil | ... | ... | ... | ... | ... | 5,401 | 6,951 | 8,413 | 10,300 | 7,423 | ||||||||
Gross Profit | DKK mil | ... | ... | ... | ... | ... | 6,260 | 9,063 | 10,318 | 13,105 | 17,871 | ||||||||
Staff Cost | DKK mil | ... | ... | ... | ... | ... | 2,500 | 2,878 | 3,378 | 3,845 | 4,310 | ||||||||
Other Cost | DKK mil | ... | ... | ... | ... | ... | 429 | 606 | 637 | 654 | 4,461 | ||||||||
EBITDA | DKK mil | ... | ... | ... | ... | ... | 3,331 | 5,579 | 6,303 | 8,606 | 9,100 | ||||||||
Depreciation | DKK mil | ... | ... | ... | ... | ... | 429 | 606 | 637 | 654 | 764 | ||||||||
EBIT | DKK mil | 2,902 | 4,973 | 5,666 | 7,952 | 8,336 | |||||||||||||
Financing Cost | DKK mil | 15.0 | 84.0 | 124 | 430 | 97.0 | |||||||||||||
Extraordinary Cost | DKK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
Pre-Tax Profit | DKK mil | 2,887 | 4,889 | 5,542 | 7,522 | 8,239 | |||||||||||||
Tax | DKK mil | ... | 683 | 1,171 | 1,382 | 1,909 | 2,120 | ||||||||||||
Minorities | DKK mil | ... | ... | ... | ... | ... | 7.00 | 22.0 | 23.0 | 30.0 | 43.0 | ||||||||
Net Profit | DKK mil | ... | ... | ... | ... | ... | 2,197 | 3,696 | 4,137 | 5,583 | 6,076 | ||||||||
Dividends | DKK mil | ... | ... | ... | ... | 1,500 | 2,500 | 3,000 | 4,500 | 5,000 | ... | ||||||||
growth rates | |||||||||||||||||||
Total Revenue Growth | % | ... | 22.4 | 37.3 | 17.0 | 25.0 | 8.07 | ||||||||||||
Operating Cost Growth | % | ... | ... | ... | ... | ... | ... | 23.5 | 18.9 | 15.2 | 12.1 | 95.0 | |||||||
EBITDA Growth | % | ... | ... | ... | ... | ... | ... | 39.4 | 67.5 | 13.0 | 36.5 | 5.74 | |||||||
EBIT Growth | % | ... | 38.2 | 71.4 | 13.9 | 40.3 | 4.83 | ||||||||||||
Pre-Tax Profit Growth | % | ... | 55.9 | 69.3 | 13.4 | 35.7 | 9.53 | ||||||||||||
Net Profit Growth | % | ... | ... | ... | ... | ... | ... | 63.6 | 68.2 | 11.9 | 35.0 | 8.83 | |||||||
ratios | |||||||||||||||||||
ROE | % | ... | ... | ... | ... | ... | 82.0 | 84.3 | 66.5 | 66.3 | 58.0 | ||||||||
ROCE | % | ... | ... | ... | ... | ... | ... | 60.4 | 72.7 | 61.1 | 66.0 | 58.5 | |||||||
Gross Margin | % | ... | ... | ... | ... | ... | 53.7 | 56.6 | 55.1 | 56.0 | 70.7 | ||||||||
EBITDA Margin | % | ... | ... | ... | ... | ... | 28.6 | 34.8 | 33.7 | 36.8 | 36.0 | ||||||||
EBIT Margin | % | 24.9 | 31.1 | 30.2 | 34.0 | 33.0 | |||||||||||||
Net Margin | % | ... | ... | ... | ... | ... | 18.8 | 23.1 | 22.1 | 23.9 | 24.0 | ||||||||
Payout Ratio | % | ... | ... | ... | ... | ... | 68.3 | 67.6 | 72.5 | 80.6 | 82.3 | ... | |||||||
Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | 1.38 | 10.1 | 15.0 | 52.3 | 17.5 | ||||||
Net Debt/EBITDA | ... | ... | ... | ... | ... | ... | -0.238 | 0.005 | 0.043 | 0.041 | -0.080 |
balance sheet | Unit | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
balance sheet | |||||||||||||||||||
Non-Current Assets | DKK mil | 2,259 | 2,936 | 3,702 | 4,909 | 6,839 | |||||||||||||
Property, Plant & Equipment | DKK mil | ... | ... | ... | ... | ... | 1,930 | 2,568 | 3,395 | 4,566 | 6,290 | ||||||||
Intangible Assets | DKK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 232 | 185 | 190 | 209 | 260 | ||||
Current Assets | DKK mil | 5,529 | 8,036 | 9,202 | 11,443 | 11,113 | |||||||||||||
Inventories | DKK mil | ... | ... | ... | ... | 1,056 | 1,327 | 1,541 | 1,705 | 1,824 | |||||||||
Receivables | DKK mil | ... | ... | ... | ... | 2,128 | 3,321 | 3,845 | 4,950 | 4,870 | |||||||||
Cash & Cash Equivalents | DKK mil | ... | ... | ... | ... | ... | 1,630 | 802 | 557 | 468 | 1,024 | ||||||||
Total Assets | DKK mil | 7,788 | 10,972 | 12,904 | 16,352 | 17,952 | |||||||||||||
Shareholders' Equity | DKK mil | 3,291 | 5,473 | 6,975 | 9,864 | 11,075 | |||||||||||||
Of Which Minority Interest | DKK mil | ... | ... | ... | ... | ... | 15.0 | 21.0 | 26.0 | 34.0 | 0 | ||||||||
Liabilities | DKK mil | 4,497 | 5,499 | 5,929 | 6,488 | 6,877 | |||||||||||||
Non-Current Liabilities | DKK mil | 1,061 | 1,066 | 1,058 | 428 | 1,144 | |||||||||||||
Long-Term Debt | DKK mil | ... | ... | ... | ... | ... | ... | 832 | 826 | 818 | 210 | 205 | |||||||
Deferred Tax Liabilities | DKK mil | ... | ... | ... | ... | ... | 82.0 | 21.0 | 50.0 | 21.0 | 126 | ||||||||
Current Liabilities | DKK mil | 3,436 | 4,433 | 4,871 | 6,060 | 5,733 | |||||||||||||
Short-Term Debt | DKK mil | ... | ... | ... | ... | ... | ... | 5.00 | 6.00 | 7.00 | 608 | 88.0 | |||||||
Trade Payables | DKK mil | ... | ... | ... | ... | ... | 1,336 | 1,518 | 1,611 | 2,112 | 2,201 | ||||||||
Provisions | DKK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 100 | 3.00 | 103 | 64.0 | 110 | ||||
Equity And Liabilities | DKK mil | 7,788 | 10,972 | 12,904 | 16,352 | 17,952 | |||||||||||||
growth rates | |||||||||||||||||||
Total Asset Growth | % | ... | 19.9 | 40.9 | 17.6 | 26.7 | 9.78 | ||||||||||||
Shareholders' Equity Growth | % | ... | 59.3 | 66.3 | 27.4 | 41.4 | 12.3 | ||||||||||||
Net Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | -471 | -104 | 793 | 30.6 | -309 | ||||||
Total Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | -37.7 | -0.597 | -0.841 | -0.848 | -64.2 | ||||||
ratios | |||||||||||||||||||
Total Debt | DKK mil | ... | ... | ... | ... | ... | ... | 837 | 832 | 825 | 818 | 293 | |||||||
Net Debt | DKK mil | ... | ... | ... | ... | ... | ... | -793 | 30.0 | 268 | 350 | -731 | |||||||
Working Capital | DKK mil | ... | ... | ... | ... | ... | 1,848 | 3,130 | 3,775 | 4,543 | 4,493 | ||||||||
Capital Employed | DKK mil | ... | ... | ... | ... | ... | 4,107 | 6,066 | 7,477 | 9,452 | 11,332 | ||||||||
Net Debt/Equity | ... | ... | ... | ... | ... | ... | -0.241 | 0.005 | 0.038 | 0.035 | -0.066 | ||||||||
Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | 1.38 | 10.1 | 15.0 | 52.3 | 17.5 |
cash flow | Unit | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
cash flow | |||||||||||||||||||
Net Profit | DKK mil | ... | ... | ... | ... | ... | 2,197 | 3,696 | 4,137 | 5,583 | 6,076 | ||||||||
Depreciation | DKK mil | ... | ... | ... | ... | ... | 429 | 606 | 637 | 654 | 764 | ||||||||
Non-Cash Items | DKK mil | ... | ... | ... | ... | ... | ... | 278 | 724 | -301 | 751 | -146 | |||||||
Change in Working Capital | DKK mil | ... | ... | ... | ... | ... | ... | -192 | -1,282 | -645 | -768 | 50.0 | |||||||
Total Cash From Operations | DKK mil | ... | ... | ... | ... | ... | 2,712 | 3,744 | 3,828 | 6,220 | 6,744 | ||||||||
Capital Expenditures | DKK mil | ... | ... | ... | ... | ... | -1,042 | -1,077 | -1,451 | -1,729 | -2,747 | ||||||||
Other Investments | DKK mil | ... | ... | ... | ... | ... | -206 | -61.0 | -91.0 | -44.0 | 43.0 | ||||||||
Total Cash From Investing | DKK mil | ... | ... | ... | ... | ... | -1,248 | -1,138 | -1,542 | -1,773 | -2,704 | ||||||||
Dividends Paid | DKK mil | ... | ... | ... | ... | ... | -1,500 | -2,500 | -3,000 | -4,500 | -5,000 | ... | |||||||
Issuance Of Debt | DKK mil | ... | ... | ... | ... | ... | ... | ... | -506 | -5.00 | -7.00 | -7.00 | -525 | ||||||
Total Cash From Financing | DKK mil | ... | ... | ... | ... | ... | -906 | -3,477 | -2,519 | -4,535 | -3,466 | ||||||||
Net Change In Cash | DKK mil | ... | ... | ... | ... | ... | 558 | -871 | -233 | -88.0 | 574 | ||||||||
ratios | |||||||||||||||||||
Days Sales Outstanding | days | ... | ... | ... | ... | 66.6 | 75.7 | 74.9 | 77.2 | 70.3 | |||||||||
Days Sales Of Inventory | days | ... | ... | ... | ... | ... | 71.4 | 69.7 | 66.9 | 60.4 | 89.7 | ||||||||
Days Payable Outstanding | days | ... | ... | ... | ... | ... | 90.3 | 79.7 | 69.9 | 74.8 | 108 | ||||||||
Cash Conversion Cycle | days | ... | ... | ... | ... | ... | 47.7 | 65.7 | 71.9 | 62.8 | 51.7 | ||||||||
Cash Earnings | DKK mil | ... | ... | ... | ... | ... | 2,626 | 4,302 | 4,774 | 6,237 | 6,840 | ||||||||
Free Cash Flow | DKK mil | ... | ... | ... | ... | ... | 1,464 | 2,606 | 2,286 | 4,447 | 4,040 |
other data | Unit | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
other data | |||||||||||||||||||
ROA | % | ... | ... | ... | ... | ... | 30.8 | 39.4 | 34.7 | 38.2 | 35.4 | ||||||||
Gross Margin | % | ... | ... | ... | ... | ... | 53.7 | 56.6 | 55.1 | 56.0 | 70.7 | ||||||||
Employees | ... | ... | ... | ... | ... | 8,616 | 12,264 | 9,374 | 10,400 | 11,755 | |||||||||
Cost Per Employee | USD per month | ... | ... | ... | ... | ... | 4,516 | 3,477 | 5,606 | 5,319 | 5,439 | ||||||||
Cost Per Employee (Local Currency) | DKK per month | ... | ... | ... | ... | ... | 24,180 | 19,556 | 30,030 | 30,809 | 30,554 | ||||||||
Staff Cost (As % Of Total Cost) | % | ... | ... | ... | ... | ... | 28.5 | 26.1 | 25.9 | 24.9 | 25.4 | ||||||||
Effective Tax Rate | % | ... | 23.7 | 24.0 | 24.9 | 25.4 | 25.7 | ||||||||||||
Capital Expenditures (As % of Sales) | % | ... | ... | ... | ... | ... | 8.94 | 6.73 | 7.75 | 7.39 | 10.9 | ||||||||
Employees In Asia | ... | ... | ... | ... | ... | ... | ... | ... | 160 | 224 | 219 | 194 | ... | ... | |||||
Employees in Americas & Oceania | ... | ... | ... | ... | ... | ... | ... | ... | 2,245 | 4,135 | 3,286 | 2,751 | ... | ... | |||||
Employees in Europe | ... | ... | ... | ... | ... | ... | ... | ... | 6,211 | 7,905 | 7,285 | 6,908 | ... | ... | ... | ||||
Number of Suppliers Total | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 231 | 117 | 154 | 139 | ... | ... | ... | ||
Number of Suppliers - High-risk countries | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 44.0 | 43.0 | 51.0 | 44.0 | ... | ... | ... | ||
Number of Suppliers - Intermediate-risk countries | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 90.0 | 19.0 | 34.0 | 26.0 | ... | ... | ... | ||
Number of Suppliers - Low-risk countries | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 97.0 | 55.0 | 69.0 | 69.0 | ... | ... | ... |
Get all company financials in excel:
The Lego Group is a privately held manufacturer of toys based in Billund, Denmark. The company's flagship product, Lego, consists of colourful interlocking plastic bricks and an accompanying array of gears, minifigures and various other parts. Lego bricks can be assembled and connected in many ways, to construct such objects as vehicles, buildings, and even working robots. Anything constructed can then be taken apart again, and the pieces used to make other objects. Lego began manufacturing interlocking toy bricks in 1949. Since then a global Lego subculture has developed, supporting movies, games, competitions, and six themed amusement parks. As of 2013, around 560 billion Lego parts had been produced. The name Lego comes from the Danish phrase "leg godt", which means "play well"
Lego Group has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of in 2015, or of sales. That’s compared to % average margin seen in last five years.
The company netted in 2015 implying ROE of and ROCE of . Again, the average figures were % and %, respectively when looking at the previous 5 years.
Lego Group’s net debt amounted to at the end of 2015, or of equity. When compared to EBITDA, net debt was x, up when compared to average of x seen in the last 5 years.