LG Display JH

LPL

Equity

ISIN US50186V1026 / Valor 1908212

New York Stock Exchange, Inc (2024-09-16)

USD 3.93+1.29%

LG Display JH
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About company

LG Display Co., Ltd., headquartered in Seoul, South Korea, is a prominent player in the global display market, renowned for its innovative display technology solutions. With a workforce of 66,418 employees as of December 31, 2023, the company has established a significant presence worldwide, including production bases and sales operations across major markets such as China, Europe, and North America. LG Display has a rich history of technological advancements, having developed TFT-LCD technology in 1987, and has since evolved to lead in the production and sale of cutting-edge display technologies including OLED and IPS. The company's product portfolio spans a wide range of applications, from television and mobile displays to automotive, IT, and commercial display products. LG Display is committed to maintaining its market leadership by focusing on the development of innovative technologies like Cinematic Sound OLED, 8K OLED, and Flexible OLED, aiming to deliver differentiated and high-quality display solutions that meet the evolving needs of customers across various industries.

Summarized from source with an LLMView SourceSector: Technology

Revenue Performance

LG Display JH reported revenues of KRW 5,253 billion for the first quarter of 2024. This represents a 29% decrease from KRW 7,396 billion in the fourth quarter of 2023 but a 19% increase from KRW 4,411 billion in the first quarter of 2023.

Operating Loss

The company experienced an operating loss of KRW 469 billion in Q1 2024. This is a significant shift from the operating profit of KRW 132 billion in Q4 2023, but an improvement compared to the operating loss of KRW 1,098 billion in Q1 2023.

EBITDA Results

LG Display JH's EBITDA profit for the first quarter of 2024 was KRW 810 billion. This is down from KRW 1,272 billion in the previous quarter but a substantial improvement from the EBITDA loss of KRW 80 billion in the same quarter last year.

Net Loss

The net loss for LG Display JH in Q1 2024 was KRW 761 billion. This contrasts with the net income of KRW 51 billion in Q4 2023 and shows an improvement from the net loss of KRW 1,153 billion in Q1 2023.

Business Strategy

LG Display JH plans to expand its high value-added product portfolio across TV, IT, mobile, and automotive panels. The company aims to improve its cost structure and operational efficiency to enhance business performance and secure a stable profit structure.

Summarized from source with an LLMView Source

Key figures

-22.9%1Y

-53.6%3Y

-38.7%5Y

Performance

43.5%1Y

41.4%3Y

44.0%5Y

Volatility