LG Home Appliance & Air Solution Company: revenue grew by 7.2% in the first quarter

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The LG Home Appliance & Air Solution Company generated first-quarter revenue of KRW 8.6 trillion and an operating profit of KRW 940.3 billion. This represents a 7.2% increase in revenue compared to the same period last year. Operating profits reached the second-highest level in the company’s history, with an operating profit margin of 10.9%. “Driven by its core technologies, particularly in motors and compressors, LG’s home appliance business continues to innovate within a mature market landscape – the company explains –. With a commitment to industry leadership, LG is pioneering transformative initiatives such as product subscription services and advancing the concept of ‘Affectionate Intelligence’ appliances. These innovations are tailored to empathize with and address customer needs effectively. Moreover, LG is strategically expanding its B2B ventures, including HVAC and built-in solutions, to capitalize on emerging growth opportunities”.