LG publishes its preliminary results for the first quarter of 2025, with confirmed growth in Morocco.
This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress-Rabat
– Record global turnover for a first quarter, reaching 22.7 thousand billion wons (KRW).
–Crease confirmed in Morocco, with an increase estimated at +6 % compared to the same quarter in 2024, in volume of products marketed and in turnover
LG Electronics Inc. (LG) announced today its preliminary results for the first quarter of 2025, marked by a consolidated turnover of 22.7 thousand billions of WONS (KRW) and an operating result of 1.3 thousand billions of WONS (KRW), thus reaching a record level for this period. This performance is also observed at the local level, especially in Morocco, where the company recorded an increase estimated at +6 % compared to the first quarter of 2024 – both in volume of products marketed and in turnover – confirming the dynamism of the market and the efficiency of local commercial strategies. This strong, global and local signal testifies to the solidity of LG positioning despite an uncertain global economic context.
This is the first time that LG’s revenues in the first quarter have exceeded 22 thousand billion won. And this, despite a difficult macroeconomic context, marked in particular by a global economic slowdown. The emphasis put by the company on activities of “” qualitative growth »» played a key role in this performance.
The main growth engine in terms of turnover and profitability was the Eco Solution (ES) division, especially in the B2B sectors. Other areas have also contributed to these record results, including subscription services, advertising and content via Webos, as well as direct sales to consumers (D2C).
Operating profit exceeded 1,000 billion won for the sixth consecutive year, reflecting a stable profitability structure. The increase in income in high margin segments has generated a strong operational lever effect, thus supporting this profitability. Among other positive factors are an effective allocation of resources, the standardization of the costs of raw materials and logistics, as well as reinforced agility of production operations on a global scale.
In the area of household appliances, high -end products of LG have continued to dominate the world market. The segment of built -in devices – a B2B sector – and the sale of key components such as engines and compressors have also contributed significantly to performance.
The activity of subscription services, which combines equipment and services, is experiencing rapid expansion. In 2025, LG plans to further strengthen its offer of products compatible with subscriptions as well as its customer maintenance services, while accelerating the deployment global of this model.
In media and entertainment solutions, LG integrates its display activities from this year – including TV, IT (laptops, monitors) and commercial screens (ID) – in order to create synergies around its platform for advertising and webos content, historically centered on Smart TV.
The range of LG 2025 televisions incorporates improved AI features, such as personalized content recommendations, superior image quality and immersive sound. New products, such as the LG Gram Pro Ai ultralight laptop and the LG Stanbyme 2 portable lifestyle screen, have received a favorable reception on the international branches. The professional screens segment has also won several large -scale international contracts.
The vehicle division solution continues to extend its sales of high added value products, especially in on -board entertainment info systems (IVI), while diversifying towards content platforms for the automobile. LG Magna E-Powertrain is strengthening its competitiveness thanks to its advanced technologies for engines and inverters, and improves its operational capacities on its global production sites to support long-term growth. In addition, automotive lighting division accelerates the development of new generation technologies, such as intelligent and high resolution lighting, while improving its global efficiency.
The heating, ventilation and air conditioning division (HVAC) began to operate as an independent entity in the first quarter. By refocusing its capacities on the essence of the model based on HVAC commands and the characteristics of customers, the company strengthens its contribution to profitability.
In the commercial field, LG has won major contracts abroad, in particular in Singapore, thanks to its ability to provide localized and tailor -made solutions. In the future, LG aims to make HVAC a central pillar of its B2B portfolio, based on its exclusive technologies in the fields of compressors, fans, thermal exchangers and IA engines.
On the residential market, LG intends to keep its leadership with IA -based innovations. In addition, in industrial and energy production sectors, the company actively explores new opportunities with its large -scale cooling systems (Chillers).
These results are provisional consolidated financial data according to K-IFRS standards, provided for information for investors before the publication of final results, including net profit. The details concerning each division will be officially announced later this month.
