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The tech firm said operating income for the three months ending in December fell 90.7 percent on-year to 69.3 billion won (US$56.2 million), 74.8 percent lower than the average estimate by Yonhap Infomax, the financial data firm of Yonhap News Agency.
It reported a net loss of 212.4 billion won for the October-December period, turning from a profit<\/a> of 21.3 billion won a year earlier.
Sales increased 5.2 percent to 21.85 trillion won.
The company said pandemic-driven pent-up demand<\/a> for home appliances, including TVs, has lost steam, and aggressive rate hikes in major economies to tamp down inflation<\/a> have significantly weakened consumer spending power.
Global TV<\/a> shipments are estimated to have dropped 3.9 percent on-year to a decade low of 202 million units last year, according to industry tracker TrendForce.
The research firm said the growth momentum of TV shipments will be severely constrained this year as well due to high inflation<\/a> and economic slowdown in the United States, Europe and China, major TV markets.
But LG's electric vehicle (EV) parts business made a turnaround 10 years after it entered the market.
At CES 2023 in Las Vegas earlier last month, Eun Seok-hyun, president of LG's vehicle component solutions division, said he expected the EV business to grow significantly this year to top 10 trillion won in sales.
\"The EV parts business is in a period of rapid change where technologies of many other industries are integrated and converge.\"
He said LG has a competitive edge over other industry players with its excellent expertise in customer experience.
\"Based on that, we can proactively make suggestions on made-to-order products for our customers,\" Eun said.
LG Electronics<\/a> CEO Cho Joo-wan also showed confidence that the EV business will serve as a strong force behind the company's business growth going forward.
\"Now that the business is on the highway, all there is left to do is to step on the accelerator,\" he said during CES 2023.
Negative external factors, including logistics costs, have shown signs of easing, Cho said, adding, \"Things have improved greatly ... and I think business will start to get better from the first quarter.\"
For all of 2022, LG posted 3.55 trillion won in operating profit, compared with 4.05 trillion won from the previous year. Annual sales rose 12.9 percent to a record high of 83.46 trillion won.
During an earnings call, LG said it will take some time for consumer sentiment that has weakened due to decreased disposable income triggered by inflation to recover.
LG said it will continue to enhance the competitiveness of its premium products, including organic light-emitting diode (OLED) TVs, and try to maximize the effects of decreased raw material prices and logistics costs.
Despite difficult macroeconomic environments, LG said it will invest around 22 trillion won this year, similar to last year, in identifying new promising areas and diversifying its business portfolio. But it plans to minimize unnecessary investments to secure financial health, the company said.
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LG电子(LG Electronics)第四季度营业利润崩溃在需求低迷,成本上升
LG电子表示,其第四季度营业利润大幅下滑逾90%的下降对家用电器的需求和推广成本上升之际,全球宏观经济困境。
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科技公司称营业收入截至去年12月的三个月同比下降了90.7%,至693亿韩圆(合5620万美元),低于74.8%的平均估计,韩国联合通讯社Infomax韩联社的金融数据公司。乐动扑克
净亏损10 - 2124亿韩元的时期,从一个利润去年同期的213亿韩元。
销售额增加了5.2%,至21.85万亿韩元。
该公司表示pandemic-driven被压抑需求家用电器,包括电视、失去动能,激进的加息打压的主要经济体通货膨胀大大削弱了消费者的购买力。
全球电视货物估计有十年同比下降3.9%,跌至去年低点2.02亿单位,根据行业追踪TrendForce。
研究公司说电视出货量的增长势头今年将严格限制由于高通货膨胀和经济放缓在美国,欧洲和中国,主要的电视市场。
但LG的电动汽车(EV)部分业务好转10年前进入市场。
上个月早些时候在拉斯维加斯的CES 2023,恩seok hyun, LG的车辆组件的解决方案部门,总统说,他预计今年的电动汽车业务显著增长销售额超过10万亿韩元。
“电动汽车零部件业务是在一个快速变化的时期,许多其他产业技术集成和收敛。”
他说,LG已经超过其他行业参与者的竞争优势以其优秀的客户体验方面的专长。
“在此基础上,我们可以主动提出建议为客户定做的产品,”恩说。
LG电子(LG Electronics)首席执行官曹Joo-wan还显示信心的电动汽车业务将成为公司的业务增长背后强大的力量。
“现在的业务是在高速公路上,剩下有踩油门,“他说在CES 2023。
负面的外部因素,包括物流成本,显示宽松的迹象,赵说,并补充道,“事情已经大大提高…我认为业务将从第一季开始好转。”
2022年,LG在营业利润3.55万亿韩元,相比之下,比上年4.05万亿韩元。年销售额增长12.9%,至创纪录的83.46万亿韩元。
LG在财报电话会议期间表示,它将需要一些时间消费者信心减弱了由于可支配收入下降引发的通货膨胀恢复。
LG表示,将继续加强竞争力的优质产品,包括有机发光二极管(OLED)电视,并试图最大化降低原材料价格和物流成本的影响。
尽管艰难的宏观经济环境,LG表示,它今年将投资约22万亿韩圜,类似于去年,识别新的有前途的领域,其业务多元化的投资组合。但它的计划来减少不必要的投资安全的财务状况,该公司表示。
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