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7 Apr 2022 08:59
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 statisticsof 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 (ascompared to KRW 21,008.6 billion in 2021.4Q and KRW 17,812.4 billion in 2021.1Q), representinga quarter-on-quarter increase of 0.5% (QoQ 0.5%) and a year-on-year increase of 18.5% (YoY18.5%).
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 increaseof 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 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 1Q 2022. 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 Apr, 202207336, KoreaLG Twin Towers128, Yeoui-daero, Yeongdeungpo-gu, Seoul
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