It is difficult to make a loss in business when you own one of the world's strongest toy brands, which sets new records year after year. But even if you disregard the income from the Lego ownership, the Kirk Kristiansen family's investment company, Kirkbi, manages to achieve billions in returns on its other investments.
Overall, it resulted in a pre-tax profit of 23 billion. DKK last year, which is 6.6 billion. DKK more than in 2023.
At Kirkbi, the philosophy is to invest in both climate and learning. The pace has been stepped up especially when it comes to the former. At the end of the year, the company had climate assets worth 9.3 billion. DKK, which is 3.2 billion more than the year before.
The portfolio includes, among other things, large solar parks in the USA, but also 3,000 hectares of agricultural land that will be converted into climate-friendly production forests. And according to CEO Søren Thorup Sørensen, the plan is to invest an additional 10 billion DKK in the area over the next five years.
- We are a long-term investor and assess that the demand for green electricity is strong and will continue to be so in the future.
- We invest with a commercial objective and must of course have a return. But it is also important for us to create impact, and therefore we can perhaps also show greater patience than others, he says.
Kirkbi's financial investment activities in, among other things, stocks and bonds yielded a return of 8.5 percent in 2024. This is slightly higher than the 10-year average return of 6.7 percent.
The financial portfolio had a value of 79 billion kr. at the end of the year.
jel /ritzau/
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