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TOY MAKER LEGO warned it may be unable to deliver all European orders in the run-up to Christmas due to strong demand, meaning some shoppers could face empty shelves.
“When we get new orders we will face a challenge in some markets in Europe to ship those orders to the stores,” spokesman Roar Rude Trangbaek said.
“This comes on top of a first half of 2015 where we really outperformed our expectations for how sales would develop.”
All orders already been placed by retailers will be delivered, he added. The privately held group declined to say which product ranges could be affected.
Around 60% of Lego’s annual consumer sales typically are yet to be made at this time of the year, Trangbaek said.
The group plans to meet rising demand by investing “significantly in factories in Mexico, Hungary and Denmark” until 2022, it said.
We anticipate welcoming thousands of new employees to the group as we continue to expand our global presence,” chief financial officer John Goodwin said in a statement.
Figures released in September showed that first-half revenue increased 23% to 14.1 billion kroner (€1.89 billion), putting the Danish company ahead of its US-based rivals Mattel – maker of Barbie – and Hasbro, whose products include the Transformers toy line.
Net profit grew 31% to 3.55 billion kroner, making it more profitable than its two competitors.
The Lego City, Technic and Star Wars lines were among the most popular in the period, while new launches such as Jurassic World and the girl-focused LegoElves “were received very positively,” the company said.
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The rates are going back up but the level of service and overall standard of the hotels have gotten worse
yes especially if you are using a pigsback voucher!
That’s impressive
No doubt NAMA hotels probably loose €10,000 per room.
As a regular hotel user, prices are going up, service is going down, hoteliers are their own words enemy.
I would partially agree with you regarding hotels in Dublin City Centre. I don’t blame the staff though. The work most hotels make their staff do, along with the lengthy shifts are questionably legal at best.
In my opinion, many Dublin City Centre hotels are actually damaging the industry with their extortionate prices. Tourists may stay once, but they wont return at those costs!
10000 profit per room and most staff on min wage with little or no rights And as a long suffering hotel worker belive me thats true in most hotels
Sure look at the Callaghan hotel group that tried to force some of their foreign national workers to sign up for a cut in their minimum wage telling them they couldn’t afford to pay them but at same time were spending 10,000 euro a day in the high court trying to stop unions from stopping them… Some evil folk out there that’s for sure.
Sure half the hotels in dublin are owned by banks so no guesses were all the profits are gone into the pokets of the people who caused this in the first place
Hotel workers should join a union.
Dave, what purpose will that serve? A union can only do anything in the public sector and and even at that they do very very little. Unions have long forgotten their purpose and should be abandoned by every single worker in the public sector. Appoint people amongst yourselves to represent you and save yourself the money of funding the most ludicrous organisations in the country.
The argument is simple, they shd say, we took pay cuts, pay freezes etc when the hotels were in trouble.
Now they are making sky high profits and we want everything that was taken from us back + more.
Yeah the top of most unions are tied to the labour party etc, but I’m not sure about going it alone, it makes a big difference to have a union organiser talk to workers, rather than just starting from scratch.
Anyhow now a days you can join a union online, get your workmates to join the same one (in secret), and get a union organiser to meet them somewhere and take it from there.
exactly, and not just Hotels, they’d go about telling you then “ah business is slack, we’re very quiet, tourist trade is down” and so and so forth. Old Old excuses, total lies. They’ve been playing that card now for 5 years in order to cut wages, staff and feed their greedy mouths.
spot on Ashley, they’re ALL corrupt, right down the line
90% of hotels aren’t making any money, fact.
I could name 10 hotels that people think are “flying” but all with net worth of -€5m, there is no comeback from that, they only showed retained profits of €150k max even during the good times.
Hotels that have valued their assets upwards of €30 million but are worth nothing in today’s market, maybe 5-7m at a huge push.
Anyone with access to CRO figures for hotels will know what I’m on about.
Big hotels with golf clubs that are loosing 500-700k per year but the banks are not willing to move in as it will cost that to maintain the properties per year with the golf courses.
I dislike the idea of the average hotel price included! A separate weekend/weekday average would be needed as I know that the average prices listed above for Dublin are certainly not indicative of an average weekend room rate!
Also to add they now use the per person per room trick rather than room rate.
That’s the end of the recession so, we’ve turned the corner, spread the news
Quick everybody get a second car and a huge mortage we on d mend ha
The editor of the Indo’s property pages just got a semi.
I thought he was detached.
no no, we’re still in recession, we need to cut wages more and more, we still need that excuse to line our pockets, it’s our only hope cos we’re greedy :/
Dublin Dublin Dublin… Yawn.. That big green space West of the m50 will soon be called outer space the way this country is going….
Hotels in fields are you suggesting? I’m confused!
The European presidency filled many hotel rooms, it was a one off ! This should be a warning, next year the figures won’t look so good.
You’re hoping aren’t you?
Not that many, sorry to disappoint.
The EU presidency was in 2013 – this survey was taken in 2012.
That’s great news hopefully the rest of the industry picks up to
Articles like this have the potential to be quite damaging to the hotel industry! It’s not so black and white people!
No surprise there still being ripped off
good news though, keep it coming, its greedy stories like this that tell us all NOT to book a hotel room cos we know their workers are underpaid.
My above point is now proven!
have your say