国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Danish toy giant Lego aims to expand market in China despite net profit drop

Source: Xinhua| 2019-09-04 17:21:32|Editor: Xiang Bo
Video PlayerClose

COPENHAGEN, Sept. 4 (Xinhua) -- Danish toy manufacturer Lego reported on Wednesday a revenue rise of 4 percent and a 12-percent drop in net profit for the first half of the year, but still valued the Chinese market.

The net profit for the first six months was 2.67 billion kroner (about 392 million U.S. dollars), the Lego Group released the number, saying that the drop was caused by a major investment strategy.

Niels B. Christiansen, CEO of Lego explained the three-pronged nature of the strategy as an investment in "opening new markets, developing new products and expanding in China."

China has been the major recipient of the Lego investment. The company expects to have more than 140 stores in 35 Chinese cities by the end of this year, all generated by increasingly strong sales growth in the country.

Such a large investment has momentarily overshadowed the actual increase in sales, especially the growth of sales in established markets such as Western Europe and the United States.

"Despite difficult conditions, we continue to increase our sales and market share in our largest markets," said Christiansen, in the press release.

Nevertheless, the Lego Group sees huge potential in the Chinese market and has been investing proportionately.

Lego hopes to have more than 590 stores worldwide by the end of 2019.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001383647851
主站蜘蛛池模板: 河北区| 高邮市| 龙门县| 威宁| 清新县| 榆树市| 东乡族自治县| 元阳县| 庆城县| 苍山县| 新兴县| 辽宁省| 河源市| 通州区| 鄄城县| 扎兰屯市| 西吉县| 益阳市| 石门县| 深州市| 武功县| 广宁县| 右玉县| 黄浦区| 嘉鱼县| 皮山县| 平邑县| 开封市| 宾川县| 阳高县| 新安县| 永寿县| 同德县| 客服| 临西县| 绥棱县| 萍乡市| 西畴县| 大邑县| 陵水| 哈密市|