Lego A/S reported falling sales and sharply lower profit for the first half, but the Danish toy-brick maker said it was making progress in a yearlong turnaround that included a wide-ranging restructuring.
Net profit fell 10% to 3 billion kroner ($472 million), while sales fell 4.6% to 14.3 billion kroner. The company attributed a big chunk of that weakness to currency moves. The U.S. dollar weakened significantly against the Danish kroner during the period, reducing Lego’s overseas sales after being converted into its home...