REG - LG Electronics Inc. - 2024 1Q PRE-EARNINGS GUIDANCE

LG ElectronicsAnnouncement

05/04/2024 07:00

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RNS Number : 4731J  LG Electronics Incorporated  05 April 2024

LG ELECTRONICS INC.

(KRX: 066570)

 

PRE-EARNINGS GUIDANCE FOR 1Q 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 1st quarter of
2024 as follows.

 

In the 1st quarter of 2024, the Group's consolidated sales amounted to KRW
21,095.9 billion (as

compared to KRW 23,104.1 billion in 2023.4Q and KRW 20,415.9 billion in
2023.1Q), representing

a quarter-on-quarter decrease of 8.7% (QoQ -8.7%) and a year-on-year increase
of 3.3% (YoY

3.3%).

 

The Group's consolidated operating income amounted to KRW 1,332.9 billion (as
compared to KRW

313.1 billion in 2023.4Q and KRW 1,497.4 billion in 2023.1Q), representing a
quarter-on-quarter

increase of 325.7% (QoQ 325.7%) and a year-on-year decrease of 11.0% (YoY
-11.0%).

 LGE Consolidated, K-IFRS                                         (Billions of KRW)
                          2024.1Q               2023.4Q   QoQ(%)  2023.1Q    YoY(%)
 Sales                    21,095.9              23,104.1  -8.7%   20,415.9   3.3%
 Operating Income (Loss)  1,332.9               313.1     325.7%  1,497.4    -11.0%

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
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

5 April, 2024

07336, Korea

LG Twin Towers

128, Yeoui-daero, Yeongdeungpo-gu, Seoul

 

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