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    A066570   KR7066570003

LG ELECTRONICS INC.

(A066570)
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LG Electronics Expects 21% Fall in Fourth-Quarter Operating Profit

01/07/2022 | 01:40am EDT

By Kwanwoo Jun

LG Electronics Inc. expects its fourth-quarter operating profit to fall 21% from a year ago, with analysts saying demand for televisions and other home appliances likely remained softer-than-expected.

The South Korean consumer-electronics giant said Friday that it estimates operating profit at 681.60 billion won ($565.6 million) for the quarter ended December. That compares with KRW862.70 billion a year earlier.

LG's forecast is below a FactSet-compiled market consensus estimate for KRW850.41 billion.

The company expects revenue to rise 21% to KRW21.009 trillion for the quarter.

For the full year, LG expects revenue to climb 29% to a record KRW74.722 trillion, with operating profit slipping 1.0% to KRW3.868 trillion.

Analysts say demand for electronics goods at home could have weakened as vaccinated workers began returning to offices. Operating costs, meanwhile, could rise amid global supply-chain disruptions.

LG is due to release its full quarterly earnings later this month.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

01-07-22 0140ET

Stocks mentioned in the article
ChangeLast1st jan.
LG CORP. 2.15% 76000 End-of-day quote.-6.06%
LG ELECTRONICS INC. 2.96% 104500 End-of-day quote.-24.28%
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Financials
Sales 2022 80 716 B 63,4 B 63,4 B
Net income 2022 2 962 B 2,33 B 2,33 B
Net Debt 2022 1 594 B 1,25 B 1,25 B
P/E ratio 2022 6,12x
Yield 2022 1,23%
Capitalization 17 956 B 14 102 M 14 102 M
EV / Sales 2022 0,24x
EV / Sales 2023 0,20x
Nbr of Employees 37 337
Free-Float 69,0%
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Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 104 500,00 KRW
Average target price 163 333,33 KRW
Spread / Average Target 56,3%
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Managers and Directors
Joo-wan Cho President. Chief Executive Officer & Director
Bong Seok kwon Chairman
Byoung-hoon Kim Chief Technology Officer & Executive VP
Jong-Sang Lee Vice President, Head-Legal & Compliance Support
Dae-Hyung Kim Independent Director
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