2024 1Q PRE-EARNINGS GUIDANCE

LG Electronics Incorporated

05 April 2024

 

LG ELECTRONICS INC.

(KRX: 066570)

PRE-EARNINGS GUIDANCE FOR 1Q 2024

(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 2024 as follows.

In the 1st quarter of 2024, the Group's consolidated sales amounted to KRW 21,095.9 billion (as
compared to KRW 23,104.1 billion in 2023.4Q and KRW 20,415.9 billion in 2023.1Q), representing
a quarter-on-quarter decrease of 8.7% (QoQ -8.7%) and a year-on-year increase of 3.3% (YoY
3.3%).

The Group's consolidated operating income amounted to KRW 1,332.9 billion (as compared to KRW
313.1 billion in 2023.4Q and KRW 1,497.4 billion in 2023.1Q), representing a quarter-on-quarter
increase of 325.7% (QoQ 325.7%) and a year-on-year decrease of 11.0% (YoY -11.0%).

LGE Consolidated, K-IFRS					(Billions of KRW)
	2024.1Q		2023.4Q	QoQ(%)	2023.1Q	YoY(%)
Sales	21,095.9		23,104.1	-8.7%	20,415.9	3.3%
Operating Income (Loss)	1,332.9		313.1	325.7%	1,497.4	-11.0%

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 2024. 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
5 April, 2024

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

 

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