Danish toy manufacturer Lego Group has reported kr27.0bn ($3.46bn) in revenue for the first half (H1) of fiscal 2022 (FY22), up by 17% compared with the corresponding period of last year (FY21).

Driven by strong growth in all market groups, especially the Americas, Western Europe and Asia-Pacific, the company’s consumer sales grew by 13%.

For the six months to 30 June, LEGO registered an operating profit of kr7.9bn, while its net profit matched its H1 2021 figure at kr6.2bn.

The company opened 66 LEGO stores in the period, including 46 in China, taking its global store network to 833.

In addition, it reinforced its e-commerce capabilities by opening a digital office in Copenhagen, Denmark, in June.

LEGO also expanded its global digital team by nearly 40% in H1 2022.

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By GlobalData

LEGO Group CEO Niels Christiansen said: “We got off to a strong start in 2022 and are very satisfied with our performance which landed above expectations after an exceptional 2021.

“Despite global uncertainties, we continued to deliver higher consumer sales and double-digit top-line growth driven by demand for our strong portfolio and execution by our amazing team.

“For the second half of 2022, we continue to see strong demand for our products. Longer-term, we expect top-line growth to normalise to more sustainable levels.

“We will also continue to reinvest in our business and accelerate initiatives such as product innovation, digitalisation, production capacity, our retail network and sustainability to maintain momentum and deliver sustainable growth in the long-term.”

Last month, LEGO Group officially opened a 33,850m² expansion of its factory in Monterrey, Mexico, to increase its production capacity.

The expansion is part of the company’s $500m investment in the site and is intended to meet growing demand both in the Americas and worldwide.