Lego said in September it would lay off 8 percent of staff and that it had pressed the "reset-button", acknowledging its business had grown too complicated.
"There is no quick-fix, and it will take some time to achieve longer-term growth", Christiansen said.
Nevertheless, new CEO Niels Christiansen believes Lego is in better shape than it was a year ago, even though he also admitted he did not like the results.
Operating profits fell 17% to kr10.4bn (£1.2bn).
Turns out, the growth was "supernatural": the company grew too aggressively, and a year ago, when sales lagged in Europe and North America, they found themselves left with warehouses full of excess bricks, which in turn limited their ability to roll out new products.
However, it seems as if LEGO's consistent popularity and cinematic exposure haven't necessarily translated into cold, hard cash, as the company has announced (via BBC) their first profits fall in thirteen years, with revenue dropping 8% in 2017 compared to 2016.
Euromonitor toy analyst Matthew Hudak said the sales decline comes after the company scored a major win with Star Wars toys tied to the release of "The Force Awakens".
"Households can have too many Lego products and not want more each year", Hudak said. But its success may have limited demand past year. While the 2014 The Lego Movie and some of the company's video games were successful, its big 2010 bet on an online multiplayer computer game, Lego Universe, was a flop. LEGO is more popular than ever in those mediums, but the product just hasn't seen it translate into the more tangible toy market. A year ago in the month of September Lego cut 1,400 jobs worldwide.
A LEGO spokesperson, however, told Gizmodo in an email that while annual revenue dropped, consumer sales "remained steady".
The unlisted, family-owned company liquidated its stock in 2017 by reducing prices.
But this is senseless spin-only about 25 banks fall into this category, and they are among the 38 biggest banks in the country. The Fed's annual evaluation of the financial system would no longer apply to banks with less than $100 billion in assets.
And app devs can't create apps which are capable of making use of this service to double the smartphone for input. As of default, the Android OS is capable of supporting the implementation of HID in Bluetooth stack.
Australia were trying to make sure that was something weighing on his shoulders. "That says a lot about his character". All these batsmen are thought to be entering the twilight or, in Elgar's case, the latter half of their careers.
Shares of Compass Group ( LON:CPG ) traded down GBX 8 ($0.11) during mid-day trading on Friday, hitting GBX 1,514.50 ($20.92). Peel Hunt reiterated their add rating on shares of Gamma Communications (LON:GAMA) in a research report released on Thursday.
And a multi-camera API will allow stream access from "two or more physical cameras on devices running Android P", the post noted. Google Lens is kind of your own personal photographer assistant which lets you know about the places by looking at the photos .
But before doing so, he asked leaders of political parties to meet him in his chamber to help resolve the impasse. Deputy Chairman P J Kurien asked the agitating members to return to their seats but they kept shouting slogans.
Sharma's name was traced from the entry he had made in the register when he entered the Lokayukta office, Times of India reported. Shetty took over as the state Lokayukta in January 2017 succeeding Y Bhaskar Rao, a former high court chief justice.
Each SV Coupe will be hand-assembled by the experts at the SVO Technical Center in the United Kingdom - a first for Range Rover . If you see one in the wild, let us know - especially if it's putting its 10.4 inches of ground clearance to good use.
Another Twitter video, posted by user @annielbonannieTN, shows Alexa producing the laughter from the default Amazon Echo speaker. Amazon's Alexa has been letting out an unprompted, creepy crackle - startling users of the best-selling voice assistant .
The primary benefit of being given a special status is an increase in allocation of funds and greater ease in getting loans. The protesters claim that the bifurcation caused a huge revenue deficit for the successor Andhra Pradesh.
Jonny Bairstow's 106 balls 138 and Joe Root's 102-run knock proved ineffective against Taylor's blitzkrieg on Wednesday evening. England then exerted itself and shut down the run flow for more than an over, tipping the balance of the match in its favour.
Meghan Markle's exit from Suits has been teased in a new trailer with her character preparing for "an adventure of a lifetime". Welby has said it is "not a problem" for the Church of England that Markle was previously married.
Gigaba has come under fire from the opposition for failing to pitch for a National Assembly question and answer session. Speaker Baleka Mbete read a letter from Gigaba claiming he is ill and excusing himself from proceedings.
The new multiplayer mode actually sounds great, and should keep players that are still active within the game happily entertained. While it looks legitimate, as always , consider anything that isn't an official confirmation from Activision a rumor.
Chip re-tweeted a clip of himself interacting with a little boy Saturday at the Tim Tebow Foundation Celebrity Golf Classic. Recently, the couple made headlines after announcing the news of their new television show , "Behind the Design".
The agreement mentions the existence of certain "still images and/or text messages" that were authored by or relate to Trump . HuffPost also reached out to the White House and Cohen for comment but did not receive a response as of this posting.
We couldn't manage to break them down tonight but there's a big game this weekend which we need to be ready for. "Ninety per cent of the time if we keep a clean sheet we win the game because we score up front".
In Fiscal Year 2017, ICE booked 323,591 aliens in custody, 41,880 of whom were detained in California , according to the lawsuit . The lawsuit targets three California laws that specifically interfere with the federal responsibility to deal with immigration.
That's why Barbie is committed to shining a light on empowering female role models in an effort to inspire more girls . She's been selected as the inspiration for one of 17 dolls made especially for International Women's Day .
Upon further inspection of the Tumblr post's creator, Robb noticed that the poster was none other than her own orthodontist. Well, it's all thanks to Robb's orthodontist, who just so happens to be a prolific Tumblr user .
He mentioned Wendy, a single mom with four kids who lives in rural Missouri. "We couldn't be more excited about the response". Currently, there are over 68 million people enrolled in the Medicaid program, with more than 50% of them being adults.
A fancy new steering wheel and wider infotainment screen are the key updates inside the 2019 C43's cabin. The C43's 3.0-litre V6 petrol engine now churns out 287kW of power at 6100rpm, an increase of 17kW.
Jackson ran well in Indianapolis , as expected, and he solidified himself as a second-round prospect on the PFF draft board. He was impressive at the Combine, putting up 22 reps in the bench press and jumping 41.5 inches in the vertical.
Bennett is set to count $6.65 million against the cap, according to Spotrac , compared to Curry's number of $11 million. The league is buzzing, and the Seahawks players as well, that Richard Sherman will soon be hitting the bricks too.
The third law under federal challenge covers state inspections of detention facilities that hold noncitizens in federal custody. Last year, California passed laws restricting when local law enforcement officers could cooperate with immigration officials.