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LG Electronics Inc. (LGLD)

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Thursday 07 April, 2022

LG Electronics Inc.

2022 1Q Pre-earnings Guidance

RNS Number : 6289H
LG Electronics Incorporated
07 April 2022
 

 

LG ELECTRONICS INC.

(KRX: 066570)

 

PRE-EARNINGS GUIDANCE FOR 1Q 2022

(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 1st quarter of 2022 as follows.

 

In the 1st quarter of 2022, the Group's consolidated sales amounted to KRW 21,109.1   billion (as
compared to KRW
21,008.6 billion in 2021.4Q and KRW 17,812.4   billion in 2021.1Q), representing
a quarter-on-quarter increase of
0.5% (QoQ 0.5% ) and a year-on-year increase of 18.5% (YoY
18.5% ).

 

The Group's consolidated operating income amounted to KRW 1,880.1   billion (as compared to KRW 677.7   billion in 2021.4Q and KRW 1,767.3   billion in 2021.1Q), representing a quarter-on-quarter increase
of
177.4% (QoQ 177.4% ) and a year-on-year increase of 6.4% (YoY 6.4% ).
 

(Billions of KRW)

 

 

LGE Consolidated, K-IFRS

 

2022.1Q

2021.4Q

QoQ(%)

2021.1Q

YoY(%)

Sales

21,109.1

21,008.6

0.5%

17,812.4

18.5%

Operating Income (Loss) 

1,880.1

677.7

177.4%

1,767.3

6.4%


With the official closure of the LG Mobile Communications Company in the 2nd quarter of 2021,
the unit's earnings are not reflected in this quarter's earnings report and are treated as
discontinued operating losses.

 

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 2022. 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 Apr, 2022

07336, Korea
LG Twin Towers
128, Yeoui-daero, Yeongdeungpo-gu, Seoul

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