REG - LG Electronics Inc. - 2022 1Q Pre-earnings Guidance

LG ElectronicsAnnouncement

07/04/2022 09:00

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RNS Number : 6289H  LG Electronics Incorporated  07 April 2022

 

LG ELECTRONICS INC.

(KRX: 066570)

 

PRE-EARNINGS GUIDANCE FOR 1Q 2022

(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 1st quarter of
2022 as follows.

 

In the 1st quarter of 2022, the Group's consolidated sales amounted to KRW
21,109.1 billion (as

compared to KRW 21,008.6 billion in 2021.4Q and KRW 17,812.4 billion in
2021.1Q), representing

a quarter-on-quarter increase of 0.5% (QoQ 0.5%) and a year-on-year increase
of 18.5% (YoY

18.5%).

 

The Group's consolidated operating income amounted to KRW 1,880.1 billion (as
compared to KRW 677.7 billion in 2021.4Q and KRW 1,767.3 billion in
2021.1Q), representing a quarter-on-quarter increase

of 177.4% (QoQ 177.4%) and a year-on-year increase of 6.4% (YoY 6.4%).

 

 (Billions of KRW)                              LGE Consolidated, K-IFRS
 　                          2022.1Q   2021.4Q   QoQ(%)     2021.1Q    YoY(%)
 Sales                      21,109.1  21,008.6  0.5%       17,812.4   18.5%
 Operating Income (Loss)    1,880.1   677.7     177.4%     1,767.3    6.4%

With the official closure of the LG Mobile Communications Company in the 2nd
quarter of 2021,

the unit's earnings are not reflected in this quarter's earnings report and
are treated as

discontinued operating losses.

 

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
2022. 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 Apr, 2022

07336, Korea

LG Twin Towers

128, Yeoui-daero, Yeongdeungpo-gu, Seoul

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