Lego CEO: The surge in oil prices could raise costs for toys [Yahoo! Finance]
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: Yahoo! Finance
Fresh off another strong year, even mighty Lego isn't immune to the ripple effects of the US war on Iran — most notably oil prices, a key input for producing iconic Lego bricks. "We consider that an input cost of raw materials for us. Of course, we'll go up in price when oil goes up. It really depends whether it's shorter term or it's longer term. Short term, we are on contracts — we are relatively immune to that longer term," Lego Group CEO Niels B. Christiansen said on Tuesday (video above). Christiansen added, "We consider that part of the volatility that we've been dealing with over the last three, four years. It has happened before, as I can remember. Let's see how long-lasting it becomes and how significant, but it will, of course, have an impact on our input cost." Crude oil prices are up more than 60% since the start of Operation Epic Fury more than a week ago. NY Mercantile - Delayed Quote • USD Crude Oil Apr 26 (CL=F) Follow View Quote Details As of 3:09
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