REG - LG Electronics Inc. - 2020 1Q Pre-earnings Guidance

LG ElectronicsAnnouncement

08/04/2020 07:01

RNS Number : 1462J
  
LG Electronics Incorporated
  
08 April 2020
  
 

 
 
LG ELECTRONICS INC.
(KRX: 066570)
 
PRE-EARNINGS GUIDANCE FOR 1Q 2020
(UNAUDITED OPERATING STATISTICS)
 
LG Electronics Inc. (the ''Company'') is pleased to announce certain unaudited operating statistics of the Company and its subsidiaries (the ''Group'') for the first quarter of 2020 as follows.
 
In the first quarter of 2020, the Group's consolidated sales amounted to KRW 14,728.7 billion (as compared to KRW 16,061.2 billion in 2019.4Q and KRW 14,915.1 billion in 2019.1Q), representing a quarter-on-quarter increase of -8.3% (QoQ -8.3%) and a year-on-year increase of -1.2% (YoY

-1.2%).
 
The Group's consolidated operating income amounted to KRW 1,090.4 billion (as compared to KRW 101.8 billion in 2019.4Q and KRW 900.6 billion in 2019.1Q), representing a quarter-on-quarter decrease of 971.1% (QoQ 971.1%) and a year-on-year increase of 21.1% (YoY 21.1%).



 
(Billions of KRW)                                         LGE Consolidated, K-IFRS







2020.1Q


2019.4Q


QoQ(%)


2019.1Q


YoY(%)




Sales 


14,728.7


16,061.2


-8.3%


14,915.1


-1.2%




Operating Income (Loss)  


1,090.4


101.8


971.1%


900.6


21.1%



 
 
The above-mentioned sales data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company. Further details of the Group's performance will be disclosed when the Company announces its financial results for 1Q 2020. The above data is provided for investors' reference only. When in doubt, investors are advised to seek professional advice from professional or financial advisers.
 
 
 


LG Electronics Inc.

IR Planning Team
7 April, 2020
 


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