7 Jan 2022 07:24
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 4Q 2021
(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 4th quarter of 2021 as follows.
In the 4th quarter of 2021, the Group's consolidated sales amounted to KRW 21,008.9 billion (ascompared to KRW 18,786.7 billion in 2021.3Q and KRW 17,399.1 billion in 2020.4Q), representinga quarter-on-quarter increase of 11.8% (QoQ 11.8%) and a year-on-year increase of 20.7% (YoY20.7%).
The Group's consolidated operating income amounted to KRW 681.6 billion (as compared to KRW540.7 billion in 2021.3Q and KRW 862.7 billion in 2020.4Q), representing a quarter-on-quarterincrease of 26.1 % (QoQ 26.1%) and a year-on-year decrease of 21.0% (YoY -21.0%).
(Billions of KRW) | LGE Consolidated, K-IFRS | ||||
| 2021.4Q | 2021.3Q | QoQ(%) | 2020.4Q | YoY(%) |
Sales | 21,008.9 | 18,786.7 | 11.8% | 17,399.1 | 20.7% |
Operating Income (Loss) | 681.6 | 540.7 | 26.1% | 862.7 | -21.0% |
With the official closure of the LG Mobile Communications Company at the end of the month, theunit's earnings will not be reflected in this quarter's earnings report and will be treated asdiscontinued operating losses.
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 4Q 2021. 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 Team7 Jan, 202207336, Korea
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