REG - LG Electronics Inc. - 2020 3Q Pre-earnings Guidance

LG ElectronicsAnnouncement

08/10/2020 07:05

RNS Number : 4907B
  
LG Electronics Incorporated
  
08 October 2020
  
 

 
 
LG ELECTRONICS INC.
(KRX: 066570)
 
PRE-EARNINGS GUIDANCE FOR 3Q 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 third quarter of 2020 as follows.
 
In the third quarter of 2020, the Group's consolidated sales amounted to KRW 16,919.6 billion (as compared to KRW 12,833.8 billion in 2020.2Q and KRW 15,700.7 billion in 2019.3Q), representing a quarter-on-quarter increase of 31.8% (QoQ 31.8%) and a year-on-year increase of 7.8% (YoY 7.8%).
 
The Group's consolidated operating income amounted to KRW 959.0 billion (as compared to KRW 495.4 billion in 2020.2Q and KRW 781.4 billion in 2019.3Q), representing a quarter-on-quarter increase of 93.6% (QoQ 93.6%) and a year-on-year increase of 22.7% (YoY 22.7%).



 
(Billions of KRW)                                         LGE Consolidated, K-IFRS







2020.3Q


2020.2Q


QoQ(%)


2019.3Q


YoY(%)




Sales 


16,919.6


12,833.8


31.8%


15,700.7


7.8%




Operating Income (Loss)  


959.0


495.4


93.6%


781.4


22.7%



 
 
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 3Q 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
8 October, 2020
 

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