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LG annuncia i risultati del Q3 2015: l’azienda cresce ma smartphone in calo

Cosimo Alfredo Pina

LG oggi ha esposto i suoi risultati per il terzo trimestre 2015. In questo quarto di anno l’azienda coreana ha potuto contare un profitto netto di 106,76 milioni di dollari, con vendite in crescita dello 0,7 % rispetto al periodo precedente.

Sempre nel comunicato ufficiale sono esposti i risultati dei vari settori dell’azienda e come questi hanno performato nell’ultimo trimestre.

LG Home Entertainment – entrate per 3,67 miliardi di dollari, con crescita del 9 % dovute principalmente alle vendite di TV OLED Ultra HD in Nord e Sud America.

LG Mobile Communications – 14,9 milioni di smartphone venduti; il 6 % in più rispetto al precedente trimestre con entrate pari a 2,89 miliardi di dollari. Nonostante le grandi cifre il settore sarebbe comunque in perdita, sia rispetto al precedente periodo (- 7 %) sia rispetto all’anno scorso (- 21 %). L’azienda guarda con ottimismo al prossimo trimestre puntando tutto sui nuovi Nexus 5X e LG V10.

LG Home Appliance & Air Solution – settore con vendite in crescita del 4 % (3,55 miliardi di dollari) rispetto al precedente trimestre con un profitto superiore del 420 % rispetto all’anno scorso. Ottimi risultati quindi per il settore degli elettrodomestici, grazie sopratutto alle vendite dei nuovi sistemi Twin Wash in Nord America e in Corea.

LG Vehicle Components – altra divisione in crescita è quella dedicata al mondo delle auto, dedita principalmente alla realizzazione di sistemi di infotainment. Qui LG ha visto le sue vendite in crescita del 6 %, anche se il profitto è stato un po’ smorzato dagli investimenti in ricerca e sviluppo e la richiesta in calo da parte parte dei mercati emergenti.

LG continua dunque a crescere e sebbene i settori in perdita non manchino, la ricca varietà di prodotti offerti, l’arrivo delle festività natalizie e il lancio relativamente recente di alcuni prodotti spingono l’azienda a guardare positivamente ai prossimi mesi.

LG ANNOUNCES THIRD-QUARTER 2015 FINANCIAL RESULTS

Home Appliance & Air Solution Company Reports Solid Quarter, Offsetting Challenging Market Conditions for TVs, Smartphones

SEOUL, Oct. 29, 2015 — LG Electronics Inc. (LG) today announced strong operating profit margin in its Home Appliance & Air Solution Company, contributing to a modest overall net profit of KRW 124.8 billion (USD 106.76 million) for the third quarter of 2015. Amid increasing competitive pressure in both the TV and smartphone sectors, LG’s third-quarter sales rose 0.7 percent from the second quarter to KRW 14.03 trillion (USD 12 billion), while operating profit increased from the previous quarter to KRW 294 billion (USD 251.5 million).

The LG Home Entertainment Company reported third-quarter revenue of KRW 4.29 tril- lion (USD 3.67 billion), an increase of 9 percent quarter-on-quarter due to solid sales in UHD and OLED TVs in markets such as North America, Latin America and Common- wealth of Independent States. Profitability also increased from the previous quarter as a result of improvements in product mix and cost structure. With continuing soft global TV demand, LG plans to bolster its profitability by increasing its marketing focus in the premium segment while continuing to improve its cost competitiveness.

The LG Mobile Communications Company reported global shipments of 14.9 million smartphones, a 6 percent increase from the previous quarter. Despite a 12 percent sales increase in North America, overall revenues of KRW 3.38 trillion (USD 2.89 billion) were 7 percent lower quarter-on-quarter and decreased 21 percent year-on-year due in large part to weaker demand for high-end devices in Korea. LG expects the launch of the advanced V10 and price-competitive Nexus 5X smartphones in the fourth quarter to im- prove the overall product mix.

The LG Home Appliance & Air Solution Company reported a strong quarter with a 4 per- cent increase in sales to KRW 4.15 trillion (USD 3.55 billion) and an operating profit of

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KRW 245.6 billion (USD 210.1 million), an increase of 420 percent from the same peri- od the year before. Operating profit for refrigerators improved as a result of strong sales of premium models in North America and Korea while the unique new Twin Wash sys- tem contributed toward improved profit margins in the washing machine business. Fourth-quarter results are likely to be impacted by the effects of unfavorable exchange rate and seasonality.

The LG Vehicle Components Company reported a 6 percent increase in sales quarter-on- quarter to KRW 478.6 billion (USD 409.41 million) primarily as a result of its growing infotainment business. Revenues from vehicle engineering were flat due to weaker de- mand in emerging markets such as Russia and Malaysia. Investments in R&D related to electric car and automotive electronic components contributed to a modest operating loss. Going forward, LG expects recent issues related to diesel automobiles to positively affect the electric vehicle and automotive electronic components markets.

2015 3Q Exchange Rates Explained

LG Electronics’ unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending September 30, 2015. Amounts in Korean won (KRW) are translated into U.S. dollars (USD) at the average rate of the three-month period of the corresponding quarter — KRW 1,169 per USD (2015 3Q).