REG - LG Electronics Inc. - 2021 4Q Pre-earnings Guidance

LG ElectronicsAnnouncement

07/01/2022 07:25

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RNS Number : 7586X  LG Electronics Incorporated  07 January 2022

 

LG ELECTRONICS INC.

(KRX: 066570)

 

PRE-EARNINGS GUIDANCE FOR 4Q 2021

(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
2021 as follows.

 

In the 4th quarter of 2021, the Group's consolidated sales amounted to KRW
21,008.9 billion (as

compared to KRW 18,786.7 billion in 2021.3Q and KRW 17,399.1 billion in
2020.4Q), representing

a quarter-on-quarter increase of 11.8% (QoQ 11.8%) and a year-on-year increase
of 20.7% (YoY
20.7%).

 

The Group's consolidated operating income amounted to KRW 681.6 billion (as
compared to KRW
540.7 billion in 2021.3Q and KRW 862.7 billion in 2020.4Q), representing a
quarter-on-quarter

increase of 26.1 % (QoQ 26.1%) and a year-on-year decrease of 21.0% (YoY
-21.0%).

 (Billions of KRW)                              LGE Consolidated, K-IFRS
 　                          2021.4Q   2021.3Q   QoQ(%)     2020.4Q    YoY(%)
 Sales                      21,008.9  18,786.7  11.8%      17,399.1   20.7%
 Operating Income (Loss)    681.6     540.7     26.1%      862.7      -21.0%

With the official closure of the LG Mobile Communications Company at the end
of the month, the

unit's earnings will not be reflected in this quarter's earnings report and
will be 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 4Q
2021. 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 Jan, 2022

07336, Korea

LG Twin Towers

128, Yeoui-daero, Yeongdeungpo-gu, Seoul

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