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LG Electronics Inc. announced its unaudited operating statistics (pre-earnings guidance) for Q2 2023 on July 07, 2023. The Group's consolidated sales for the period amounted to KRW 19,998.8 billion, representing a 2.0% quarter-on-quarter decrease and a 2.7% year-on-year increase. Consolidated operating income was KRW 892.7 billion, marking a 40.4% quarter-on-quarter decrease and a 12.7% year-on-year increase.
| Date | 7 Jul 2023 |
| Time | 07:42:18 |
| Category | Miscellaneous |
| ID | 3274F |
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 2Q 2023
(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 2nd quarter of 2023 as follows.
In the 2nd quarter of 2023, the Group's consolidated sales amounted to KRW 19,998.8 billion (as
compared to KRW 20,415.9 billion in 2023.1Q and KRW 19,464.0 billion in 2022.2Q), representing
a quarter-on-quarter decrease of 2.0% (QoQ -2.0%) and a year-on-year increase of 2.7% (YoY
2.7%).
The Group's consolidated operating income amounted to KRW 892.7 billion (as compared to KRW
1,497.4 billion in 2023.1Q and KRW 792.2 billion in 2022.2Q), representing a quarter-on-quarter
decrease of 40.4% (QoQ -40.4%) and a year-on-year increase of 12.7% (YoY 12.7%).
|
LGE Consolidated, K-IFRS |
|
|
|
(Billions of KRW) |
||
|
|
2023.2Q |
2023.1Q |
QoQ(%) |
2022.2Q |
YoY(%) |
|
|
Sales |
19,998.8 |
20,415.9 |
-2.0% |
19,464.0 |
2.7% |
|
|
Operating Income (Loss) |
892.7 |
1,497.4 |
-40.4% |
792.2 |
12.7% |
|
With the official closure of Solar panel business at the end of June 2022, the Group presented
related gains and losses in discontinued operations.
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 2Q 2023. 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 July, 2023
07336, Korea
LG Twin Towers
128, Yeoui-daero, Yeongdeungpo-gu, Seoul