Lego Plant In Hungary Sees Rise In Orders

  • 31 Aug 2020 1:16 PM
  • Budapest Business Journal
Lego Plant In Hungary Sees Rise In Orders
Lego Manufacturing Kft., based in Nyíregyháza (240 km northeast of Budapest) increased its net sales by almost 12% to HUF 37.5 billion, while its after-tax profit increased by almost 90% to over HUF 1 bln, writes Világgazdaság.

The reason for the latter is largely due to the fact that the company changed its short-term liabilities to a long-term loan of HUF 50 bln, financed by the group, to pay for investments.

Last year, the owner increased the companyʼs subscribed capital by HUF 1 million to HUF 5 mln, while the capital reserve was increased by HUF 20 bln.

Due to the shutdown of Legoʼs plant in Mexico, caused by manufacturing issues exacerbated by COVID-19, orders from the Hungarian plant have increased. 

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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