8 Jan 2024 07:15
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 4Q 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 4th quarter of 2023 as follows.
In the 4th quarter of 2023, the Group's consolidated sales amounted to KRW 23,156.7 billion (ascompared to KRW 20,709.4 billion in 2023.3Q and KRW 21,857.5 billion in 2022.4Q), representinga quarter-on-quarter increase of 11.8% (QoQ 11.8%) and a year-on-year increase of 5.9% (YoY5.9%).
The Group's consolidated operating income amounted to KRW 312.5 billion (as compared to KRW996.7 billion in 2023.3Q and KRW 69.3 billion in 2022.4Q), representing a quarter-on-quarterdecrease of -68.6% (QoQ -68.6%) and a year-on-year increase of 350.9% (YoY 350.9%).
LGE Consolidated, K-IFRS |
| (Billions of KRW) | ||||
2023.4Q | 2023.3Q | QoQ(%) | 2022.4Q | YoY(%) | ||
Sales | 23,156.7 | 20,709.4 | 11.8% | 21,857.5 | 5.9% | |
Operating Income (Loss) | 312.5 | 996.7 | -68.6% | 69.3 | 350.9% | |
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 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 Team8 January, 2024 07336, KoreaLG Twin Towers128, Yeoui-daero, Yeongdeungpo-gu, Seoul
Lg Elec Gds S (LGLD)