Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

LG Appliances 4Q Sales Flat
Feb 18, 2013
 Printable format
 Email this Article
 Search

LG Home Appliance Company fourth quarter sales were almost flat compared to 4Q 2011. LG Home Appliance Company had 4Q 2012 sales of KRW 2.94 trillion (approx. $2.7 billion). The appliance business had strong 4Q sales in the United States and CIS countries, largely offset by sluggish demand in Europe, the Middle East, and Latin America.

Appliance profitability in the quarter was affected by unfavorable exchange rates and higher marketing costs, even as average selling prices for LG home appliances were up in the quarter.

The company plans to improve its revenue and profitability in 2013 with more competitive products, advanced technologies, and a stronger focus on profitable regions.

LG Air Conditioning & Energy Solutions Company reported sales of KRW 683 billion (approx. $626 million) in 4Q 2012, essentially unchanged from 4Q 2011. An operating loss of KRW 11 billion (approx. $10.08 million) in 4Q 2012 was an improvement from 4Q 2011 and was credited to better operational efficiencies.

For full-year 2012, LG Air Conditioning & Energy Solutions Company had revenues of KRW 4.35 trillion (approx. $3.86 billion) and operating profit of KRW 156 billion (approx. $138.42 million).

In 2013 LG Air Conditioning will focus on the introduction of more energy-efficient and localized products to bolster revenue growth.

Back to Daily News

 

Daily News

...........................................................

Jul 21, 2014: Briggs and Stratton Plans to Scale Back Snapper Brand and Close Georgia Plant

Jul 18, 2014: Whirlpool to Pay $1 Billion for Indesit

Jul 18, 2014: BSH North America CEO Traub Leaving, Michael Steinle Taking Over

Jul 18, 2014: Report: Indians Spent $150 Million for Water Purifiers

Jul 18, 2014: MAPI Business Outlook: Manufacturing Continues to Ride the Growth Wave

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows