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On 8 January 2024, LG Electronics Inc. announced unaudited operating statistics for its Group for the 4th quarter of 2023. The Group's consolidated sales amounted to KRW 23,156.7 billion, representing an 11.8% quarter-on-quarter increase and a 5.9% year-on-year increase. Consolidated operating income for the period was KRW 312.5 billion, marking a -68.6% quarter-on-quarter decrease and a 350.9% year-on-year increase.
| Date | 8 Jan 2024 |
| Time | 07:15:36 |
| Category | Miscellaneous |
| ID | 9268Y |
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 4Q 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 4th quarter of 2023 as follows.
In the 4th quarter of 2023, the Group's consolidated sales amounted to KRW 23,156.7 billion (as
compared to KRW 20,709.4 billion in 2023.3Q and KRW 21,857.5 billion in 2022.4Q), representing
a quarter-on-quarter increase of 11.8% (QoQ 11.8%) and a year-on-year increase of 5.9% (YoY
5.9%).
The Group's consolidated operating income amounted to KRW 312.5 billion (as compared to KRW
996.7 billion in 2023.3Q and KRW 69.3 billion in 2022.4Q), representing a quarter-on-quarter
decrease of -68.6% (QoQ -68.6%) and a year-on-year increase of 350.9% (YoY 350.9%).
|
LGE Consolidated, K-IFRS |
|
|
|
(Billions of KRW) |
||
|
|
2023.4Q |
2023.3Q |
QoQ(%) |
2022.4Q |
YoY(%) |
|
|
Sales |
23,156.7 |
20,709.4 |
11.8% |
21,857.5 |
5.9% |
|
|
Operating Income (Loss) |
312.5 |
996.7 |
-68.6% |
69.3 |
350.9% |
|
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 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
8 January, 2024
07336, Korea
LG Twin Towers
128, Yeoui-daero, Yeongdeungpo-gu, Seoul