LG Electronics flags strong Q1 profit rebound on robust appliance demand

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Tehran rejects ceasefire proposal, Trump says Iran ’could be taken out’ on Tuesday Iran, U.S. receive proposal to end conflict, reopen Strait of Hormuz - reports Stocks end higher on ceasefire hopes even as Trump ramps up threats against Iran Citi is bullish on these 2 chip stocks into Q1 earnings (South Africa Philippines Nigeria) LG Electronics flags strong Q1 profit rebound on robust appliance demand By Author Ayushman Ojha Stock Markets Published 04/06/2026, 11:24 PM LG Electronics flags strong Q1 profit rebound on robust appliance demand 0 066570 -1.37% Investing.com-- LG Electronics Inc (KS:066570) expects a solid rebound in first-quarter earnings, reporting preliminary results on Tuesday that beat market expectations on the back of strong demand in its core businesses and improving cost efficiencies. The company said it expects consolidated operating profit of 1.67 trillion won ($1.1 billion) for the January-March period, up 33% year-on-year, and compared with an operating loss of 109.00 billion won in the preceding quarter. Revenue is expected to rise to a record 23.73 trillion won for a first quarter. Get real-time earnings updates, in-depth analysis with InvestingPro LG said the earnings improvement was driven by early measures to mitigate potential tariff risks, including production optimization, alongside broader cost structure enhancements and growth in higher-margin businesses. Shares of the company traded 1.7% lower at 107,600 won as of 03:17 GMT. Its home appliance division remained a key contributor, supported by strong product competitiveness across both premium and mass segments, as well as growth in online sales and subscription services. The company’s vehicle solutions business also delivered steady growth, backed by a solid order backlog and improved profitability, aided in part by favorable foreign exchange conditions. However, its HVAC division saw a decline in revenue and profit due t...