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LG Electronics Inc. announced its unaudited operating statistics for the third quarter of 2023 on October 10, 2023. The Group reported consolidated sales of KRW 20,713.9 billion, representing a 3.6% quarter-on-quarter increase and a 2.2% year-on-year decrease. Consolidated operating income amounted to KRW 996.7 billion, an increase of 34.3% quarter-on-quarter and 33.5% year-on-year.
| Date | 10 Oct 2023 |
| Time | 07:00:03 |
| Category | Miscellaneous |
| ID | 6130P |
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 3Q 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 3rd quarter of 2023 as follows.
In the 3rd quarter of 2023, the Group's consolidated sales amounted to KRW 20,713.9 billion (as
compared to KRW 19,998.4 billion in 2023.2Q and KRW 21,176.8 billion in 2022.3Q), representing
a quarter-on-quarter increase of 3.6% (QoQ 3.6%) and a year-on-year decrease of 2.2% (YoY
-2.2%).
The Group's consolidated operating income amounted to KRW 996.7 billion (as compared to KRW
741.9 billion in 2023.2Q and KRW 746.6 billion in 2022.3Q), representing a quarter-on-quarter
increase of 34.3% (QoQ 34.3%) and a year-on-year increase of 33.5% (YoY 33.5%).
|
LGE Consolidated, K-IFRS |
|
|
|
(Billions of KRW) |
||
|
|
2023.3Q |
2023.2Q |
QoQ(%) |
2022.3Q |
YoY(%) |
|
|
Sales |
20,713.9 |
19,998.4 |
3.6% |
21,176.8 |
-2.2% |
|
|
Operating Income (Loss) |
996.7 |
741.9 |
34.3% |
746.6 |
33.5% |
|
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 3Q 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
10 October, 2023
07336, Korea
LG Twin Towers
128, Yeoui-daero, Yeongdeungpo-gu, Seoul