7th Jul 2022 07:51
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 2Q 2022
(UNAUDITED OPERATING STATISTICS)
LG Electronics Inc. (the ''Company'') is pleased to announce certain unaudited operating statisticsof the Company and its subsidiaries (the ''Group'') for the 2nd quarter of 2022 as follows.
In the 2nd quarter of 2022, the Group's consolidated sales amounted to KRW 19,472.0 billion (ascompared to KRW 20,969.0 billion in 2022.1Q and KRW 16,932.3 billion in 2021.2Q), representinga quarter-on-quarter decrease of 7.1% (QoQ -7.1%) and a year-on-year increase of 15.0% (YoY15.0%).
The Group's consolidated operating income amounted to KRW 791.7 billion (as compared to KRW 1,942.9 billion in 2022.1Q and KRW 900.1 billion in 2021.2Q), representing a quarter-on-quarter decrease of 59.3% (QoQ -59.3%) and a year-on-year decrease of 12.0% (YoY -12.0%).
(Billions of KRW) |
| LGE Consolidated, K-IFRS | |||
| 2022.2Q | 2022.1Q | QoQ(%) | 2021.2Q | YoY(%) |
Sales | 19,472.0 | 20,969.0 | -7.1% | 16,932.3 | 15.0% |
Operating Income (Loss) | 791.7 | 1,942.9 | -59.3% | 900.1 | -12.0% |
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 ofthe Group, which may differ from figures to be disclosed in the audited or unaudited consolidatedfinancial statements to be published by the Company. Further details of the Group's performancewill be disclosed when the Company announces its financial results for 2Q 2022. The above data isprovided for investors' reference only. When in doubt, investors are advised to seek professionaladvice from professional or financial advisers.
LG Electronics Inc.IR Planning Team 7 July, 2022 07336, KoreaLG Twin Towers128, Yeoui-daero, Yeongdeungpo-gu, Seoul
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