2021 1Q Pre-earnings Guidance

RNS Announcement

RNS Number : 6472U

LG Electronics Incorporated

07 April 2021

LG ELECTRONICS INC.

(KRX: 066570)

PRE-EARNINGS GUIDANCE FOR 1Q 2021

(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 first quarter of 2021 as follows.

In the first quarter of 2021, the Group's consolidated sales amounted to KRW 18,805.7 billion (as compared to KRW 18,780.8 billion in 2020.4Q and KRW 14,727.8 billion in 2020.1Q), representing a quarter-on-quarter increase of 0.1% (QoQ 0.1%) and a year-on-year increase of 27.7% (YoY 27.7%).

The Group's consolidated operating income amounted to KRW 1,517.8 billion (as compared to KRW 650.2 billion in 2020.4Q and KRW 1,090.4 billion in 2020.1Q), representing a quarter-on-quarter increase of 133.4% (QoQ 133.4%) and a year-on-year increase of 39.2% (YoY 39.2%).

(Billions of KRW)			LGE Consolidated, K-IFRS
	2021.1Q	2020.4Q	QoQ(%)	2020.1Q	YoY(%)
Sales	18,805.7	18,780.8	0.1%	14,727.8	27.7%
Operating Income (Loss)	1,517.8	650.2	133.4%	1,090.4	39.2%

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 2021. 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 April, 2021

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RNS metadata

Title: 2021 1Q Pre-earnings Guidance
Time: 08:10:32
Date: 7 Apr 2021
Category: Miscellaneous
ID: 6472U