REG - LG Electronics Inc. - 2024 3Q Pre-earnings Guidance

LG ElectronicsAnnouncement

08/10/2024 09:15

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RNS Number : 3560H  LG Electronics Incorporated  08 October 2024

LG ELECTRONICS INC.

(KRX: 066570)

 

PRE-EARNINGS GUIDANCE FOR 3Q 2024

(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 3rd quarter of
2024 as follows.

 

In the 3rd quarter of 2024, the Group's consolidated sales amounted to KRW
22,176.9 billion (as

compared to KRW 21,694.4 billion in 2024.2Q and KRW 20,037.9 billion in
2023.3Q), representing

a quarter-on-quarter increase of 2.2% (QoQ 2.2%) and a year-on-year increase
of 10.7% (YoY

10.7%).

 

The Group's consolidated operating income amounted to KRW 751.1 billion (as
compared to KRW

1,197.3 billion in 2024.2Q and KRW 950.1 billion in 2023.3Q), representing a
quarter-on-quarter

decrease of 37.3% (QoQ -37.3%) and a year-on-year decrease of 20.9% (YoY
-20.9%).

 LGE Consolidated, K-IFRS                                         (Billions of KRW)
                          2024.3Q               2024.2Q   QoQ(%)  2023.3Q    YoY(%)
 Sales                    22,176.9              21,694.4  2.2%    20,037.9   10.7%
 Operating Income (Loss)  751.1                 1,197.3   -37.3%  950.1      -20.9%

With the official closure of Battery pack business in the 3rd quarter of 2024,
we presented related gains and losses in discontinued operations. Sales and
Operating Income above were restated in accordance with K-IFRS.

 

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
2024. 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, 2024

07336, Korea

LG Twin Towers

128, Yeoui-daero, Yeongdeungpo-gu, Seoul

 

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