Lego bets on Pokémon, interactive bricks as war threatens higher costs [BNN Bloomberg (Canada)]
Liberty Media Corporation - Series C Liberty Formula One (FWONK)
Last liberty media corporation - series c liberty formula one earnings: 2/28 09:43 pm
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Source: BNN Bloomberg
Rising oil prices could feed through to the cost of plastics and other inputs over time, CEO Niels Christiansen said, although existing deals the firm has mean the effect is likely to be gradual and cushioned. “If oil prices are going up, that could potentially also impact our raw material prices over time – maybe not in the short term because we have contracts,” Christiansen told Reuters in a phone interview. “The real impact is if it stays for a long time.” The price of Brent crude oil has surged by as much as 65 per cent since the United States and Israel bombed Iran on Feb. 28, to above US$100 a barrel. Lego had managed similar volatility during the COVID-19 pandemic and Russia's 2022 invasion of Ukraine, he said. “It's not very different from what we've dealt with over the last five years in that sense. So we're comfortable that we can manage, but it is just volatility again,” he said. His comments come as manufacturers globally face renewed cost pressures from higher
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- FWONK's page on the SEC website