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MarketScreener Homepage  >  Equities  >  Deutsche Boerse AG  >  LG Electronics Inc.    LGLG

LG ELECTRONICS INC.

(LGLG)
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LG ELEC GDR'REGS'/ : PRADA AND LG SIGN EXCLUSIVE AGREEMENT CEMENTING PARTNERSHIP 2011-11-24

11/23/2011 | 09:45pm EST

SEOUL, Nov. 24, 2011 -- PRADA and LG Electronics (LG) today renewed their exclusivemobile phone partnership at a signing ceremony in Seoul, Korea. Building on this partnership'sprevious success, the two companies will develop the PRADA phone by LG 3.0, for launch in early2012.

Under this partnership, LG will be PRADA's exclusive mobile phone partner. The collaboration,which began in 2006 and resulted in two premium mobile phones being introduced in 2007 and2008, focuses on key elements within the smartphone, including software and user interface downto its design and packaging.

"The partnership between Prada and LG has always been characterised by an innovativeapproach and uncompromised quality of style, design and breakthrough technology," said Mr.Patrizio Bertelli, CEO of PRADA Group. "These values are common to both our brands, whichhave always anticipated, and often set, the trends in many fields. We were therefore delighted tocooperate again with LG in the development of the latest creation of the mobile communicationindustry."

"Our working relationship with PRADA is unique in its longevity and success, something noother phone company and luxury brand have been able to replicate," said Dr. Jong-seok Park,President and CEO of LG Electronics Mobile Communications Company. "Having successfullylaunched two PRADA phones by LG, we look forward to collaborating further to develop premiumhandsets with a strong identity and the most sophisticated style."

The PRADA phone by LG 1.0, a pioneer in the mobile phone space, was an unqualified success,selling over one million units. This premium handset combined high-end technology with a designembodying superior style. As evidence of its place in design history, the PRADA phone by LG 1.0is part of the permanent collection in New York City's Museum of Modern Art (MoMA) and theMuseum of Contemporary Art (MOCA) in Shanghai.

The PRADA phones by LG were avant-garde in the technology they offered to users. ThePRADA phone by LG 1.0 was the world's first touchscreen mobile phone, and the 2.0 provided aninnovative mobile experience through its unique watch with Link technology, which allowed foreasy access to caller ID, SMS text messages, call history, call block and two-way alarm notification.

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© Publicnow 2011
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Financials
Sales 2020 62 733 B 57,0 B 57,0 B
Net income 2020 1 958 B 1,78 B 1,78 B
Net Debt 2020 5 848 B 5,31 B 5,31 B
P/E ratio 2020 13,2x
Yield 2020 0,51%
Capitalization 25 222 B 22 870 M 22 902 M
EV / Sales 2020 402x
EV / Sales 2021 373x
Nbr of Employees 85 905
Free-Float 69,0%
Chart LG ELECTRONICS INC.
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LG Electronics Inc. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Average target price 149 096,77 KRW
Last Close Price 148 000,00 KRW
Spread / Highest target 48,6%
Spread / Average Target 0,74%
Spread / Lowest Target -43,2%
EPS Revisions
Managers and Directors
NameTitle
Brian Kwon Chief Executive Officer
Il-Pyung Park Chief Technology Officer
Seong-Jin Cho Director
Joon-Geun Choi Independent Director
Dae-Hyung Kim Independent Director
Sector and Competitors
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LG ELECTRONICS INC.11.65%21 474
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LG ELECTRONICS INC.9.63%21 474
TCL TECHNOLOGY GROUP CORPORATION28.25%20 927
SHARP CORPORATION23.27%11 100