Jipay Posted March 6, 2005 Posted March 6, 2005 I just wanted to know if anybody had an idea about when it will comes out. We are in march now and no news from it so far :/ I just can't wait until can put my eyes on those figures Quote
snefroe Posted March 7, 2005 Posted March 7, 2005 they did say early March... i'm not really sure what you're expecting, tho. they'll probably give the general numbers and that's not very useful... you know, there are databases for this kind of information... Quote
MattZitron Posted March 7, 2005 Posted March 7, 2005 Should be soon, the tax year ends this month. Quote
medib Posted March 8, 2005 Posted March 8, 2005 Should is the operating word. Since Lego is still a largely privately held company, they are not compelled to share their financial data publicly. If Lego had publicly offered shares in its company, then it would have to fully disclose its financial position. Lego has released the information on a voluntary basis for the last couple (horrible at least financially) years. Ben Medinets Quote
snefroe Posted March 8, 2005 Posted March 8, 2005 that's is not entirely right. lego has to follow european law on transparency. Lego Belgium nv has to disclose her annual report to the National Bank of Belgium. they've done that, by the way. in fact, the public has the right to ask that information. you can even download that from there website, if you are a subscriber; see: http://www.nbb.be/PR/Exe/BA/BaDet.asp there are lots of sources for much more, unfortunately, you have to have a password to get access. very often a university has a licence for these things. i don't know what the judicial form of the lego group is, but Lego Belgium is a "public limited company", meaning, they HAVE to disclose annual reports... i don't think it's very much different from the rest of Europe... Quote
xwingyoda Posted March 28, 2005 Posted March 28, 2005 TLC should have their board meeting by now, the ones who OKs the financial status. I know in the company I'm working, we had our Supervisory Board meeting in the middle of the month, and we are currently working on the Annual report that is due in the beginning of may. TLC also has to disclose its reports, they have their 3 last ones on their website. I don't know however when they have to disclose it - my guess would be like in France around the beginning of may. Quote
snefroe Posted March 28, 2005 Posted March 28, 2005 in Belgium, that would be at the end of June, i think... and it would probably take another 6 months for the gov. to approve this, i guess... it's highly unlikely, tho, that TLC will disclose the entire report. she will probably review the report for public use... Quote
xwingyoda Posted March 28, 2005 Posted March 28, 2005 Because French companies are on the stock market, the gvt doesn't have anything to say on the financial report (because we have a very regulatory stock exchange commission). I know that the company I'm working for will disclose the ENTIRE report because the law requires it (as soon that a company is on the stock exchange). However, if the results are fake, its criminal law ;) If you look the following link, TLC's annual report are quite big (1meg): http://www.lego.com/eng/info/default.asp?p...alreport&bhcp=1 Quote
Governor Mister Phes Posted March 28, 2005 Governor Posted March 28, 2005 I've began reading the 2003 Financial Report and so far this has stuck out... The decline was particularly marked in the US where sales dropped by approx. 35 percent compared to 2002 while Asian markets experienced a fall of 28 percent. A significant part of the decline in these markets can beattributed to shortfalls in the sale of movie tie-in products. ------------------------------------------------------- Sales of movie tie-in products developed unsatisfactorily. Interest in the Star Wars range and, to an even greater extent, the Harry Potter series - the 2002 top seller - fell below expectations in a year without new movie releases. The drop in sales of thes products accounted for more than 50 percent of the overall sales decrease. If this trend continued in 2004 does that mean 2005 will be the last year for movie tie-in themes? FOREVER??? The slowdown affected LEGO Company Quote
Governor Mister Phes Posted March 28, 2005 Governor Posted March 28, 2005 I've began reading the 2003 Financial Report and so far this has stuck out... The decline was particularly marked in the US where sales dropped by approx. 35 percent compared to 2002 while Asian markets experienced a fall of 28 percent. A significant part of the decline in these markets can be attributed to shortfalls in the sale of movie tie-in products. ------------------------------------------------------- Sales of movie tie-in products developed unsatisfactorily. Interest in the Star Wars range and, to an even greater extent, the Harry Potter series - the 2002 top seller - fell below expectations in a year without new movie releases. The drop in sales of thes products accounted for more than 50 percent of the overall sales decrease. If this trend continued in 2004 does that mean 2005 will be the last year for movie tie-in themes? FOREVER??? Further reading indicates this not to be so. Ever since the first Star Wars Quote
The Middleman Posted March 28, 2005 Posted March 28, 2005 They don't say movie themes are bad, just that they're bad in the years when movies are not released. Quote
Wolf04 Posted March 28, 2005 Posted March 28, 2005 He doesn't see the point with all the other products available. That and the fact he thinks the Lego sets look horrible in comparisson to the Star Wars figures and models that are on offer. Apparently this guy has no imagination. LEGO is about imagination and what you can create, it's not about just buying it, let it collect dust and for you to sit on your megablocks all day. The final product is only a part of the LEGO experience, I like building and tweaking sets and that's the whole point of LEGO. What fun would it be if they made all these specialized pieces to make it look "realistic" but it has 200 pieces less, plus I think the LEGO SW sets are quite realisitc and the UCS line is very realistic. Quote
snefroe Posted March 28, 2005 Posted March 28, 2005 i wasn't talking about this type of report, though. this is just a general report with some very interesting, but general, numbers. i would like to see the real balance sheets... yes, even France companies have to send those every year to the gov. After all, companies have to pay taxes,... let's not go into this further... perhaps when we're in Legoland... this report is also interesting though, we've got an answer to at least one question: Europe is by far the largest market of TLC. talking about clickits. TLC has been suit for this theme by two American women. not sure if we can expect more of it... other messages, like sports has been doing great, puzzles me, 'cause i've been told otherwise... i'll take the rest of the night to read this report, we may get a lot of usefull info out of it... Quote
Governor Mister Phes Posted March 28, 2005 Governor Posted March 28, 2005 Apparently this guy has no imagination. LEGO is about imagination and what you can create, it's not about just buying it, let it collect dust and for you to sit on your megablocks all day. The final product is only a part of the LEGO experience, I like building and tweaking sets and that's the whole point of LEGO. What fun would it be if they made all these specialized pieces to make it look "realistic" but it has 200 pieces less, plus I think the LEGO SW sets are quite realisitc and the UCS line is very realistic. Thank you! Thank you! That's a very good point which I may need to use in the future. Quote
sam89 Posted April 6, 2005 Posted April 6, 2005 Here's the 2004 financial report: http://www.lego.com/eng/info/default.asp?p...=&archive=false Quote
DoubleT Posted April 6, 2005 Posted April 6, 2005 Thanks sam, i have read it in Danish, but wenrt sure how many could Danish here, so i did not post ;) Quote
xwingyoda Posted April 6, 2005 Posted April 6, 2005 Thanks Sam, I have downloaded it and will read it this week-end ;) Quote
snefroe Posted April 6, 2005 Posted April 6, 2005 thanks Sam for picking it up. i've read it briefly and it confirms what we've said/predicted before. A few things i would like to point out: 1)TLC has merged the asian market (minus Australia and N-Zealand) with Europe. so Europe is regarded now as TLC's main working ground. America will get Australia and N-Z and the entire internet shops and lego stores. this indicates that we won't see more lego stores in europe. TLC will probably work here with PABs and chains... 2)the report describes the financial results of the different production lines (clickits, ferrari,...) but NO Star wars (page 14). If you read between the lines, you'll see that the emphasis is more on their own traditional products, like Duplo, quatro,KK,... i think the love between TLC and the concept of licences is almost gone... at least TLC's approach to licences has become more intelligent. it's an instrument to improve the over all result, but no longer supports TLC's main economic activity. 3) it seems TLC has worked out a retail concept that will allow the retailers and TLC to be more flexible, efficient and cheaper. sounds great, but i'd like to see that in detail... in general terms, it sounds like what I've written before on this forum... so it doesn't necessarily means it's great for us... 4)TLC mentions the Adults, but it's marketing language, like: "we are aware of them, we listen to them, we find them to be important". Hm... Please give me some real info, TLC... 5) TLC is selling the legoland parks. this probably means she's looking for a strategic alliance: a partner who's in control, but also pays the bills. Good decision, TLC, even though emotionally painfull... it clearly proves that TLC had to dig deep to get the 2004 result... Quote
Jipay Posted April 6, 2005 Author Posted April 6, 2005 Well some facts were really funny : they speak about us just like if they discovered us "they call themselves afols". I find also disapointing they consider lego factory as a success. So many problems occured with this program. For Star Wars I think it's just because there was no movie out last year. they just mentioned harry potter and Spiderman because they launch new movies in 2004. maybe next year... I like the fact that the ceo is 35 years old ! Sounds fresh, maybe this guy is close to us in his state of mind :) Quote
snefroe Posted April 6, 2005 Posted April 6, 2005 Well some facts were really funny : they speak about us just like if they discovered us "they call themselves afols". I find also disapointing they consider lego factory as a success. So many problems occured with this program.For Star Wars I think it's just because there was no movie out last year. they just mentioned harry potter and Spiderman because they launch new movies in 2004. maybe next year... I like the fact that the ceo is 35 years old ! Sounds fresh, maybe this guy is close to us in his state of mind :) i totaly agree. :P Quote
Wolf04 Posted April 6, 2005 Posted April 6, 2005 It's here! It's here! It's finally here! http://www.lego.com/eng/info/default.asp?p...=&archive=false Idiots, they did worse than in 2003! Sales were -7% compared to 2003. Quote
Governor Mister Phes Posted April 7, 2005 Governor Posted April 7, 2005 It's here! It's here! It's finally here!http://www.lego.com/eng/info/default.asp?p...=&archive=false Idiots, they did worse than in 2003! Sales were -7% compared to 2003. Haaa haaa! I knew they would! But this is because of exchange rates and the falling US dollar of course. Not because they're producing sets people don't like. Or that's what they're trying to lead us to believe... But we have been acknowledged Adult LEGO fans A growing number of adult LEGO enthusiasts have begun setting up groups to discuss their LEGO hobby. They call themselves Quote
Wolf04 Posted April 7, 2005 Posted April 7, 2005 Alright, it says just under half is because of rates, that's about 3% but there's still that 4% and the fact that they haven't done any better than in 2003 is bad enough. Man, I bet you 100% if they did what I wanted, the company would be much more profitable. Reduce Bionicle to minimum (don't ditch but instead, make the sets bigger with more Technic pieces), bring back old colours, return to oldie yellow minifig, bring back Castle, Pirates, Town/Trains (the foundation of the company is based on that). Put more minifigs in sets, so kids can build armies, thus helping the company survive during the Violence Age. If I would be in charge of the company, I could rule the world...Muahahahaha Quote
snefroe Posted April 7, 2005 Posted April 7, 2005 it's quite normal to loose even more profits in your first and/or second year of recovery. TLC had to undergo some changes, like writing off machines, lay off people... that's extra expensive. Also, you can't sell any better if you reduce the number of new products, compared to last year. TLC also indicated that she would transfer losses from fiscal year 2003 to 2004. In all, i'm confident that she's getting on course again, but it will take some time and she will never be as big as 10 years ago... Monopolist days are over... again, i'm not happy with the reference to adults. TLC is not giving us any sign that she will produce products we want. always be very carefull about artices (i'm refering to the other topic about Legoland here). journalists very often write things out of context or are simply wrong. Not because they want to, but because they're sloppy. If you read the report, you'll see that Legoland is still profitable. TLC simply found that future costs of these parks will increase and she probably won't be able to find enough cash to finance these. Quote
ImperialJohn Posted April 7, 2005 Posted April 7, 2005 BIGGEST story in Denmark right now is that LEGO is talking about moving the production to China :'( Quote
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