[Concall] LG Electronics "TV Demand Recovery Next Year... Sustained Growth for a Certain Period"

LG Electronics stated during the conference call held after the Q3 earnings announcement on the 27th, "According to market research firms, TV demand is expected to show an overall recovery starting next year," adding, "Although gradual, growth is expected to continue for a certain period beyond next year."

The company explained, "We are striving to respond swiftly to changes in the market environment by not only continuously monitoring industrial demand forecasts but also establishing a collaborative system with local distribution partners by region to overcome the impacts of macroeconomic changes and to promote the expansion of TV business growth."

On the 7th, LG Twin Tower in Yeouido, Seoul, ahead of LG Electronics' preliminary announcement of its fourth-quarter management performance for last year. According to the securities industry, LG Electronics is expected to record sales in the 20 trillion won range and operating profit in the 800 billion won range in the fourth quarter, driven by strong sales of home appliances and TVs. Photo by Jinhyung Kang aymsdream@