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By News Reporter
Strong Performance in Key and Future-Oriented Businesses Drives Q3 Results
Above Market Expectations
SEOUL, Oct. 13, 2025 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the third quarter of 2025, reporting consolidated revenue of KRW 21.88 trillion and an operating profit of KRW 688.9 billion.
Despite external headwinds, including escalating U.S. tariffs, both figures surpassed market expectations. Revenue marked the second-highest ever for a third quarter, while operating profit exceeded recent market forecasts by more than 10 percent. Profitability declined year-on-year due to several non-recurring factors, including higher tariff burdens under changing trade conditions.
Nevertheless, LG successfully offset market concerns and exceeded expectations, driven by solid performances across key and future-oriented businesses. The home appliance solutions business maintained strong competitiveness and market leadership, while the vehicle solutions business achieved record-high profitability.
LG continues to reinforce its business fundamentals through a focus on qualitative growth – emphasizing B2B operations such as vehicle solutions and HVAC, expanding non-hardware platforms including appliance subscriptions and webOS, and strengthening its online business. In particular, the IPO of LG Electronics India Limited is expected to provide significant funding to accelerate business structure improvements and future growth initiatives.
The home appliance solutions business continued to face challenges from tariff pressures on U.S. exports and a delayed recovery in global demand. Despite these conditions, it sustained leadership in the premium segment and maintained stable performance in the mass market. These results were supported by optimized production operations, efficient resource allocation to mitigate tariff effects and steady growth in subscription-based appliance services.
The media and entertainment solutions business faced higher marketing costs as competition intensified in the global TV market. Moving forward, LG plans to enhance the competitiveness of the webOS platform to diversify its profit structure – focusing on advancing its advertising business and expanding content offerings. The company also plans to accelerate growth in the Global South, where TV demand remains relatively stable.
The vehicle solutions business is expected to have achieved record-breaking profitability in the third quarter, driven primarily by the strong performance of premium in-vehicle infotainment systems, which contributed to improved margins. The business is also broadening its portfolio beyond hardware to include vehicle content platforms, with continued growth expected based on a robust order backlog and improving operational efficiency across lighting and EV powertrain units.
In the eco solutions business, LG is actively expanding its footprint in future-oriented markets such as commercial HVAC systems and industrial and power plant chillers. The company has recently secured a series of large-scale projects – including AI data center cooling solutions – across North America, Latin America, the Middle East and Asia. As these projects progress, LG aims to leverage them as key references to further reinforce its long-term growth potential. In parallel, the company is preparing for the commercialization of liquid cooling solutions for data centers, a next-generation technology poised to become a major driver of future expansion.
These figures are tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics’ final earnings results, including net profit. Details regarding each division will be announced officially later this month.
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By News Reporter
Company Plans to Focus on Reinforcing its Business Fundamentals by
Prioritizing Areas of Qualitative Growth
SEOUL, July 7, 2025 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the second-quarter of 2025, reporting a consolidated revenue of KRW 20.74 trillion and operating profit of KRW 639.1 billion.
Both revenue and operating profit declined year-over-year. The slowdown reflects continued weakness in consumer sentiment across major markets and an increasingly challenging external environment. In particular, changes in U.S. trade policy led to higher tariff costs and intensified market competition, further weighing on performance.
Despite an unfavorable business environment, LG’s core businesses—including Home Appliances Solutions, as well as B2B-driven segments such as Vehicle Solutions and heating, ventilation and air conditioning (HVAC)—delivered solid performance and maintained sound profitability. However, the media and entertainment solutions business faced a challenging quarter due to slowdown in demand, higher LCD panel prices and increased marketing expenses amid intensifying competition. Profitability was also affected by increased costs, including U.S. general tariffs, steel and aluminum derivative tariffs, and logistics expenses.
In the second half, LG will focus on reinforcing its business fundamentals by prioritizing areas of “qualitative growth.” This includes expanding high-margin, stable-growth B2B sectors such as Vehicle Solutions and HVAC, scaling non-hardware businesses including webOS platform services and subscription-based models, and enhancing direct-to-consumer (D2C) sales through LGE.COM.
B2B operations offer greater resilience against demand and pricing volatility, making them well-suited for expanding solution-based businesses and establishing entry barriers through strong partnerships. Subscription models and platform-based services support recurring revenue and higher profitability, while D2C sales contribute to both improved profit structure and enhanced brand value.
The home appliance solutions business is maintaining a strong presence in the premium market and also achieving success in the volume zone lineups despite softening demand due to changes in U.S. trade policy and geopolitical risks in the Middle East, while its subscription model continues to perform steadily. In the second half, logistics costs are expected to ease, allowing the company to focus on securing sales, minimizing tariff impacts and ensuring a sound profit structure through operational efficiency.
The media and entertainment solutions business was impacted by price reductions aimed at addressing stagnant demand and higher marketing spend. In the second half, LG aims to further solidify its leadership in the premium OLED TV segment through the launch of new wireless products, while enhancing the competitiveness of the webOS platform by expanding into new content areas such as gaming and digital art.
The vehicle solutions business continues to grow steadily despite industry-wide challenges. Revenue growth and operational efficiency improvements have led to an increase in operating profit compared to the previous year. LG plans to drive sales of premium in-vehicle infotainment systems and diversify with new offerings like automotive content platforms.
In the HVAC business, LG will intensify its focus on commercial air conditioning systems and industrial cooling solutions—particularly by integrating AI-powered technologies into next-generation data center applications, expanding its AI data center (AIDC) business. The company also expects to complete the acquisition of European hot water solutions company OSO, supporting its expansion into the rapidly growing European Air-to-Water Heat Pump market through synergy and scale.
These figures are tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics’ final earnings results, including net profit. Details regarding each division will be announced officially later this month.
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By News Reporter
The Company Achieves Record-High First-Quarter Revenue
Surpassing KRW 22 Trillion
SEOUL, Apr. 7, 2025 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the first-quarter of 2025, reporting a consolidated revenue of KRW 22.7 trillion and operating profit of KRW 1.3 trillion.
This marks the first time LG’s first-quarter revenue has exceeded KRW 22 trillion. Despite ongoing macroeconomic challenges, including a global economic slowdown, the company’s focus on “qualitative growth” businesses played a key role.
Especially in B2B sectors, the Eco Solution (ES) business has been the primary driver of growth in both revenue and profitability. Other areas—such as subscription services, webOS-based advertising and content, and direct-to-consumer (D2C) sales—also contributed to the company’s record-breaking results.
Operating profit exceeded KRW 1 trillion for the sixth consecutive year, continuing to reflect a stable profit structure. Increased revenue from high-margin areas created a strong operating leverage effect, helping to sustain a stable profit structure. Additional drivers of profitability included efficient resource allocation, normalization of raw material and logistics costs, and enhanced agility in global production operations.
In the home appliance solution business, LG’s premium products maintained strong leadership in the global market. The built-in appliance business – a B2B segment – alongside key component sales such as motors and compressors, also contributed meaningfully to the performance.
The company’s subscription business, which combines hardware and services, is rapidly expanding. In 2025, LG plans to further strengthen its subscription-ready product lineup and customer care services, while also accelerating the global rollout of its subscription model.
In the media and entertainment solution business, from this year, LG is integrating its display-based businesses – including TVs, IT (laptops, monitors) and ID (commercial displays) – to generate synergy in its webOS-based advertising and content platform, traditionally centered around smart TVs.
LG’s 2025 TV lineup introduced enhanced AI features such as personalized content recommendations, superior picture quality and immersive sound. New products like the ultra-light LG gram Pro AI laptop and the portable LG StanbyME 2 lifestyle screen received positive responses from global markets. The commercial display segment also secured several large-scale international contracts.
The vehicle solution business, continues to expand sales of high value-added products, especially in in-vehicle infotainment (IVI) systems, while diversifying into automotive content platforms. LG Magna e-Powertrain is strengthening its competitiveness through advanced motor and inverter technologies and is enhancing operational capabilities at global production sites to support long-term growth. Meanwhile, the automotive lighting business is accelerating development of next-generation technologies, such as high-resolution and intelligent lighting systems, while improving overall efficiency.
The heating, ventilation and air conditioning (HVAC) business began operating as an independent Company in the first quarter. By focusing business capabilities on the essence of the order-based HVAC business and the characteristics of customers, the company is increasing its contribution to profitability.
In the commercial HVAC space, LG secured major overseas contracts in markets such as Singapore, thanks to its ability to provide localized, tailored solutions. Going forward, LG aims to make HVAC a core pillar of its B2B portfolio by leveraging its proprietary technologies in compressors, fans, heat exchangers and AI engines.
In the residential market, LG plans to maintain its leadership with AI-powered innovations. Additionally, in industrial and power-generation sectors, the company is actively pursuing new opportunities with large-scale chiller systems.
These figures are tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics’ final earnings results, including net profit. Details regarding each division will be announced officially later this month.
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By News Reporter
Company Sets New Record for Annual Revenue
SEOUL, Jan. 8, 2025 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the fourth quarter and full-year of 2024, reporting a consolidated revenue of KRW 87.74 trillion and an operating profit of KRW 3.43 trillion. This marks a new record for the highest annual revenue in the company’s history.
Over the past four years, LG’s consolidated revenue has seen a compound annual growth rate of over 10 percent. The company has managed to grow while maintaining solid fundamentals amidst various external uncertainties. Strategic shifts in business models, including subscription services and Direct-to-Consumer (D2C) initiatives, have driven growth beyond the limits of its core businesses. The expansion of Business-to-Business (B2B) operations has also contributed significantly to the revenue increase.
Despite various challenges, profitability remained stable on an annual basis. In the second half of last year, unexpected global shipping cost surges and one-time costs for inventory rationalization impacted profitability. However, the overall annual business performance showed positive qualitative growth driven by business portfolio realignment.
In the fourth quarter of last year, LG recorded consolidated revenue of KRW 22.78 trillion and an operating profit of KRW 146.1 billion. This year, the company aims to accelerate qualitative growth through business portfolio transformation. LG will focus on strengthening fundamental competitiveness in areas such as quality and cost while maximizing efforts to secure a robust profit structure through fixed cost efficiency.
The home appliance business, a core segment for the company, is expected to surpass KRW 30 trillion in revenue for the second consecutive year. The strategy of expanding AI appliances and volume zone lineups, along with diversifying business models to subscription and D2C, has driven solid performance. Growth in the B2B sector, including heating, ventilation and air conditioning (HVAC), built-in appliances and component solutions, continues steadily.
LG plans to expand its subscription business to countries such as Thailand and India, in addition to existing markets like Korea, Malaysia and Taiwan. The HVAC business, which holds the largest share in LG’s home appliance B2B area, will now operate as an independent business unit to become a global top-tier, comprehensive air solutions business.
In the TV business, despite the overall market experiencing delayed demand recovery, demand in premium markets such as Europe is gradually improving. The company’s webOS-based advertising and content business continues to expand its ecosystem across TVs, smart monitors and automotive infotainment systems. Beginning this year, the company will seek to further expand the foundations of its advertising and content business through its OLED and QNED “Dual Track” strategy in premium markets, as well as meeting market-specific demands across the globe with volume zone lineups. Additionally, in accordance with last year’s organizational restructuring, the company plans to enhance synergies between hardware and platform businesses through the integrated operation of its screen-based offerings including TVs and IT and ID products.
The vehicle component business has experienced a temporary slowdown in demand for electric vehicles. Despite this, it has continued to achieve solid results and is on track to surpass KRW 10 trillion in revenue for the second consecutive year. The company will focus on responding to the transition to software-defined vehicles (SDV) and strengthening internal stability through profitability-centered operations.
These figures are tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics’ final earnings results, including net profit. Details regarding each division will be announced officially later this month.
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