Lego's China performance offsets sales dip in US, Europe

The continued robust growth of the Chinese market has helped Danish toymaker Lego offset its stagnant performance in the US and European markets.

According to the group's fiscal results released on Tuesday, Lego China registered strong double-digit growth in 2017, while the group's revenue for the full year declined by 7 percent from a year earlier.

The turnover of the Lego Group came in at 35 billion Danish krone ($5.8 billion) for 2017, according to the fiscal report. The group registered an annual net profit of 7.8 billion Danish krone in 2017, down from 9.4 billion Danish krone a year earlier. It is the first time in 13 years that Lego has reported a sales decrease.