5th Apr 2024 07:00
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 1Q 2024
(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 2024 as follows.
In the 1st quarter of 2024, the Group's consolidated sales amounted to KRW 21,095.9 billion (ascompared to KRW 23,104.1 billion in 2023.4Q and KRW 20,415.9 billion in 2023.1Q), representinga quarter-on-quarter decrease of 8.7% (QoQ -8.7%) and a year-on-year increase of 3.3% (YoY3.3%).
The Group's consolidated operating income amounted to KRW 1,332.9 billion (as compared to KRW313.1 billion in 2023.4Q and KRW 1,497.4 billion in 2023.1Q), representing a quarter-on-quarterincrease of 325.7% (QoQ 325.7%) and a year-on-year decrease of 11.0% (YoY -11.0%).
LGE Consolidated, K-IFRS |
| (Billions of KRW) | ||||
2024.1Q | 2023.4Q | QoQ(%) | 2023.1Q | YoY(%) | ||
Sales | 21,095.9 | 23,104.1 | -8.7% | 20,415.9 | 3.3% | |
Operating Income (Loss) | 1,332.9 | 313.1 | 325.7% | 1,497.4 | -11.0% | |
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 2024. 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 Team5 April, 2024 07336, KoreaLG Twin Towers128, Yeoui-daero, Yeongdeungpo-gu, Seoul
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