LG Electronics has achieved the sales\-over-5-trillion-won.html" title="maximum quarterly quarterly sales">maximum quarterly quarterly sales of the three quarters of consumer electronics sales.
LG Electronics announced on the 12th that we recorded sales of W18.784.5bn and operating profit of W540.7 billion through the announcement of provisional earnings in 3Q09. This is the first time that the quarterly sales are over 18 trillion won.
The third quarter sales increased by 22% from the previous year (15 trillion won) (15 trillion won) and increased by 9.8% from the last 2Q (17 trillion won) (17 trillion won). Operating profit was 38.4% reduced by 49.6% from the previous year (W1.73.8bn), and 38.4% decreased by 49.6%.
Sales had a performance similar to the Consensus of Financial Information Maker F & A (Securities Profile Forecast),
It is because the operating profit is largely lower than the consensus, because the GM Chevrolet Bolt EV recall has been reflected in 480 billion won of provisions.
Recalls are replaced by modules and packs for initial production, and recent production is scheduled to replace module screening using diagnostic software. The cost of cost is likely to change I said.
GM has decided on August 2017 ~ 2019 production (about 69,000) and after 2019 in 2017, and has been produced in North America, and a Volts EV and Volts EUV 73,000 additional recalls sold in North America. The cause of fire accidents is estimated by defects in modules such as battery cells and battery packs, and the cause of fire is in the GM and LG side. Battery Cell Manufacturing is a LG Energy Solution, Pack has been construed as LG Electronics as a contract.
In addition, LG Electronics ends the MC business headquarters with suspended sales of MC business headquarters.
In the securities prices, this earnings were analyzed due to robust household appliances. In particular, it is analyzed that the global market share of the OLED TV (OLED) TV, which is a premium product in the home entertainment (HE), has also been revealed. The sales of the HE sector is based on mid-4 trillion won.
The H & A (H & A) is expected to be in and out of sales in the second half of 6 trillion won and operating profit of W500bn. A strategy that has done a variety of demand for a variety of demand, such as the object, such as the orders, seems to be able to trigger sales. In particular, it is expected that it is expected to be the first place of Global Livelihood Appliances, and the Global Life Appliances 1st place is based on the expansion of household appliances due to recovery in the US market in the US market.
On the other hand, in the Battlefield (VS) business in charge of automotive parts, the deficit is affected by the shortage of the vehicle semiconductor supply due to corona 19. Since the earnings of 2015, the battlefield business division has been accumulating about W186 billion in recent years for the last six years. Here, GM s Chevrolet recalls worked as a burden.
In the fourth quarter, the earnings of premium household appliances are expected. At the same time, the Securities Research Institute, Park Kang Ho, said, Appliances are expected to grow earnings due to increased sales of OLED TV sales, but the VS division is expected to sluggish the performance due to a decrease in automotive OEM production with the supply disruption of semiconductor chips. Subsequently, Operating profit in 2H11 decreased seasonally, but smartphone business withdrawal is a positive effect, and it is estimated to have good performance with premium household appliances and global market share.
Park Hyung-woo, a new Financial Investment Research Institute said, Increased raw material prices and fixed costs, but they are defensive with premium appliances and OLED TVs, and they are defending their set of sales prices (ASP) and defending profitability. In 4Q09, we are expected to reflect one-off costs related to car customer recall, he added.
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