Q2 2024 LG Display Co Ltd Earnings Call Transcript
Key Points
- Revenue in Q2 2024 was KRW6.708 trillion, up 28% Q-o-Q and 42% Y-o-Y.
- Shipment increased in all product categories, with notable growth in OLED products.
- The company's efforts for business structure upgrades are producing tangible results.
- Favorable foreign exchange conditions contributed to earnings improvements.
- Cash and cash equivalents stood at KRW2.342 trillion, indicating strong liquidity.
- Operating loss posted KRW94 billion, representing a significant decline Q-o-Q and Y-o-Y.
- Area shipment of notebook PC and LCD TV products was slightly lower than planned.
- Debt to equity ratio was high at 282%, with a net debt to equity ratio of 151%.
- The market for IT LCD remains slow to recover, with intensifying competition among panel makers.
- There are elements of short-term volatility in the auto business due to reduced incentives for EVs.
(interpreted) Morning and good afternoon. This is Brian Heo, in charge of LG Display's IR. On behalf of the company, let me thank all the participants at this conference call. Today I'm joined by the CFO, Sunghyun Kim; [Seung Min Lim], Senior Vice President of Corporate Planning; [Je Bong Kim], Vice President of Finance; (inaudible) in charge of Business Intelligence; (inaudible) Vice President of large display planning and management; (inaudible) in charge of medium display planning and management; (inaudible) impact in charge of small display planning and management and (inaudible) in charge of auto planning and management.
The conference call will be conducted in both Korean and English. Please refer to the provisioning earnings release today or the IR Events section in the company's website for more details on the financial results for Q2 2024.
So it's up by perhaps our disclaimer when you go to ski barometer before we begin the presentation. Please take a moment to read the disclaimer. Please note that today's results are based on
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
