11th Apr 2023 07:00
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 1Q 2023
(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 1st quarter of 2023 as follows.
In the 1st quarter of 2023, the Group's consolidated sales amounted to KRW 20,417.8 billion (ascompared to KRW 21,857.5 billion in 2022.4Q and KRW 20,969.0 billion in 2022.1Q), representinga quarter-on-quarter decrease of 6.6% (QoQ -6.6%) and a year-on-year decrease of 2.6% (YoY-2.6%).
The Group's consolidated operating income amounted to KRW 1,497.4 billion (as compared to KRW 69.3 billion in 2022.4Q and KRW 1,942.9 billion in 2022.1Q), representing a quarter-on-quarterincrease of 2060.8% (QoQ 2060.8%) and a year-on-year decrease of 22.9% (YoY -22.9%).
LGE Consolidated, K-IFRS |
| (Billions of KRW) | ||||
2023.1Q | 2022.4Q | QoQ(%) | 2022.1Q | YoY(%) | ||
Sales | 20,417.8 | 21,857.5 | -6.6% | 20,969.0 | -2.6% | |
Operating Income (Loss) | 1,497.4 | 69.3 | 2060.8% | 1,942.9 | -22.9% | |
With the official closure of Solar panel business at the end of June 2022, the Group presentedrelated gains and losses in discontinued operations. Sales and Operating Income abovewere 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 1Q 2023. The above datais provided 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 April, 2023 07336, KoreaLG Twin Towers128, Yeoui-daero, Yeongdeungpo-gu, Seoul
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