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LG Electronics Inc. (LGLD)

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Tuesday 07 July, 2020

LG Electronics Inc.

2020 2Q Pre-earnings Guidance

RNS Number : 2331S
LG Electronics Incorporated
07 July 2020
 

 

 

LG ELECTRONICS INC.

(KRX: 066570)

 

PRE-EARNINGS GUIDANCE FOR 2Q 2020

(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 second quarter of 2020 as follows.

 

In the second quarter of 2020, the Group's consolidated sales amounted to KRW 12,834.0 billion (as compared to KRW 14,727.8 billion in 2020.1Q and KRW 15,629.2 billion in 2019.2Q), representing a quarter-on-quarter decrease of 12.9% (QoQ -12.9%) and a year-on-year decrease of 17.9% (YoY -17.9% ).

 

The Group's consolidated operating income amounted to KRW 493.1 billion (as compared to KRW 1,090.4 billion in 2020.1Q and KRW 652.3 billion in 2019.2Q), representing a quarter-on-quarter decrease of 54.8% (QoQ -54.8% ) and a year-on-year decrease of 24.4% (YoY -24.4% ).

 

(Billions of KRW)  LGE Consolidated, K-IFRS


2020.2Q

2020.1Q

QoQ(%)

2019.2Q

YoY(%)

Sales

12,834.0

14,727.8

-12.9%

15,629.2

-17.9%

Operating Income (Loss) 

493.1

1,090.4

-54.8%

652.3

-24.4%

 

 

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 2Q 2020. 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 July, 2020

 


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