REG - LG Electronics Inc. - 2024 4Q Pre-earnings Guidance

LG ElectronicsAnnouncement

08/01/2025 07:00

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RNS Number : 5533S  LG Electronics Incorporated  08 January 2025

LG ELECTRONICS INC.

(KRX: 066570)

 

PRE-EARNINGS GUIDANCE FOR 4Q 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 4th quarter of
2024 as follows.

 

In the 4th quarter of 2024, the Group's consolidated sales amounted to KRW
22,777.5 billion (as

compared to KRW 22,176.4 billion in 2024.3Q and KRW 22,733.6 billion in
2023.4Q), representing

a quarter-on-quarter increase of 2.7% (QoQ 2.7%) and a year-on-year increase
of 0.2% (YoY

0.2%).

 

The Group's consolidated operating income amounted to KRW 146.1 billion (as
compared to KRW

751.9 billion in 2024.3Q and KRW 312.5 billion in 2023.4Q), representing a
quarter-on-quarter

decrease of 80.6% (QoQ -80.6%) and a year-on-year decrease of 53.3% (YoY
-53.3%).

 LGE Consolidated, K-IFRS                                         (Billions of KRW)
                          2024.4Q               2024.3Q   QoQ(%)  2023.4Q    YoY(%)
 Sales                    22,777.5              22,176.4  2.7%    22,733.6   0.2%
 Operating Income (Loss)  146.1                 751.9     -80.6%  312.5      -53.3%

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 4Q
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 January, 2025

07336, Korea

LG Twin Towers

128, Yeoui-daero, Yeongdeungpo-gu, Seoul

 

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