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LG Electronics Inc. announced preliminary, unaudited operating statistics for its Group's third quarter of 2022 on October 7, 2022. Consolidated sales for the period totaled KRW 21,171.4 billion, marking an 8.8% quarter-on-quarter and 14.0% year-on-year increase. Consolidated operating income was KRW 746.6 billion, representing a 5.8% quarter-on-quarter decrease and a 25.1% year-on-year increase, with figures restated following the Solar panel business closure.
| Date | 7 Oct 2022 |
| Time | 08:07:33 |
| Category | Miscellaneous |
| ID | 1569C |
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 3Q 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 3rd quarter of 2022 as follows.
In the 3rd quarter of 2022, the Group's consolidated sales amounted to KRW 21,171.4 billion (as
compared to KRW 19,464.0 billion in 2022.2Q and KRW 18,567.5 billion in 2021.3Q), representing
a quarter-on-quarter increase of 8.8% (QoQ 8.8%) and a year-on-year increase of 14.0% (YoY
14.0%).
The Group's consolidated operating income amounted to KRW 746.6 billion (as compared to KRW
792.2 billion in 2022.2Q and KRW 596.8 billion in 2021.3Q), representing a quarter-on-quarter
decrease of 5.8% (QoQ -5.8%) and a year-on-year increase of 25.1% (YoY 25.1%).
|
LGE Consolidated, K-IFRS |
|
|
|
(Billions of KRW) |
||
|
|
2022.3Q |
2022.2Q |
QoQ(%) |
2021.3Q |
YoY(%) |
|
|
Sales |
21,171.4 |
19,464.0 |
8.8% |
18,567.5 |
14.0% |
|
|
Operating Income (Loss) |
746.6 |
792.2 |
-5.8% |
596.8 |
25.1% |
|
With the official closure of Solar panel business at the end of June 2022, the Group 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 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 Oct, 2022
07336, Korea
LG Twin Towers
128, Yeoui-daero, Yeongdeungpo-gu, Seoul