LG Electronics, 3Q11 sales of 18.7 trillion won... Quarterly maximum

LG Electronics had record sales 18.7867 trillion won on a consolidated basis in the third quarter announced 28 days. This is the largest branch records a 22% increase compared to the same period the previous year. The quarterly sales exceeded the 18 trillion won Articles This is the first time.

Operating profit is 540.7 billion won decreased by 49.6% YoY. Because GM Chevrolet Volt EV car dwaetgi recall the relevant provisions reflect the scale of 480 billion won.

GM has a bar gotta production in August 2017 - after saengsanbun 2019 (about 69,000) and 2019 as a vehicle fire accident determined the selling EV bolts and bolts EUV 7 10 000 3000 Additional units recalled in North America. Cause of fire is estimated to defects in modules, such as a battery cell or battery pack, the cause of the fire is under investigation and the LG GM-side joint. The battery cells are manufactured by LG Energy Solutions, LG Electronics will reportedly pack a party.

In the third quarter of this year cumulative basis, sales 53000000000002 713 billion won, operating profit of 3.1861 trillion won. The former all up. Each year 32.1 percent compared, rose 4.7%.

Looking at each business, H & A (Home Applications & Air Solutions) has achieved sales of 7.6011 trillion won, operating profit of 505.4 billion won. The largest quarterly sales jumped 14.7% YoY. Single business quarter sales gun H & A Division crossed the 7 trillion won in the first headquarters.

LG Electronics is an analysis that is enhanced localization strategy based on differentiated customer value and product competitive fruition. The major markets such as North America, Europe, Latin America showed double-digit growth year-on-year.

Also as continued high interest in hygiene and health deohaejyeo increased the popularity of the dryers, stylers, the LG Dishwasher object collection of steam appliances sales led interior spaces such as home appliances sales

The market share of the premium increases As consumer electronics such as increasing sales of new home appliances, LG Figurine Collection rental business also continued its solid growth. It also strengthens the global supply chain management to operate efficiently improve the profit structure in the production line.

HE (Home Entertainment) division recorded a sales 4.1815 trillion won. YoY growth was 13.9% over the last four consecutive quarters went on a 4 trillion won revenue. Operating profit is 208.3 billion won.

Went after the growth of interest to the global market demand for premium products, such as premium all-red (OLED) TV, extra large TV in accordance with remarkable increases in the nano-cells was also TV advertising. In particular, all red TV shipments grew at twice the size compared to the same period last year.

HE Division increased sales of premium TV and differentiation despite the difficult circumstances, such as slowing global TV demand YoY and rise in LCD panel prices. At the same time it has maintained solid profitability with efficient resource management and improved cost structure.

VS (Auto Parts Solutions) division recorded a sales 1.7354 trillion won and an operating loss of 537.6 billion won. Sales increased 4.8% YoY. Operating loss reflects the GM Volt has gotta recall losses of about 480 billion won.

Automobile market is concerned about the continued lack of automotive semiconductor suppliers showed uncertainty. LG Electronics is focused on the business battlefield and expand the global supply chain management orders based on sound profitability, and enhance the competitiveness of becoming Tier 1 (Tier 1) in the automotive aftermarket.

In addition, LG Electronics has launched a joint venture, the LG Magna Powertrain, in July the world s third largest automotive supplier with Magna International to actively respond to the rapidly growing electric vehicle market. The joint venture has been demonstrated as a full-fledged business competitiveness is gradually recovering automobile market in North America and Europe.

BS (Business Solutions) Business Division increased by 13.9% YoY to 89.9 billion won sales 1,000,000,006,000. It recorded an operating loss of 12.3 billion won.

With telecommuting and online training trend continued increased demand for IT products such as notebooks and monitors. In addition to the recovery in the B2B market deuleoseomyeo Information Display sales showed double-digit growth YoY.

However, profitability is rising as the major components such as the LCD panel prices, wafers and logistics are impressive, with the semiconductor supply issues have been limited.

■ 4 quarter of year-end peak season... Household Appliances premium Overweight

LG Electronics is expanding the fourth quarter of household appliances, etc. TV sales proportion of premium products and plans to strengthen its market dominance over the supply chain management and resource efficient operations. Battlefield business, B2B business, artificial intelligence, new businesses, etc. to enhance the growth momentum continued to gamyeo preemptive investments.

Household Products market is expected to reduce the burden on the competition is fierce and raw material price hikes and logistics costs while entering the New Year season. H & A division shall promote the active promotion based on differentiated products and competitive industry 1st phase. Also plans to strengthen localization strategy to maintain double-digit sales growth YoY and secured stable profitability.

Global TV demand is expected to put into Weed Corona decrease reduces two hours to stay at home, compared to the same period last year. HE Company plans to maintain sales growth to increase the sales proportion of premium products such as seasonal red TV, extra-large TV but expected increase in marketing costs come to focus on cost savings at the end of the year.

Automotive market is the possibility of production disruptions, such as automotive semiconductor automakers are expected to supply issues and the logistics crisis. VS Division plans to maximize sales to proactively respond to external environmental risks, and to focus on supply chain management and resource efficient operations to improve the bottom line.

B2B business, the cost burden of factors, including prices, rising logistics costs of major components exist, but the information display market is expected to continue gradually recovering demand for IT products.