[종합] [컨콜] LG Display “Restoration of confidence in the fourth quarter of last year…

On the 27th, LG Display said in a conference call to announce the results of the fourth quarter of last year, “Last year, strong demand for TV and IT products led to the spread of Corona 19 at home. I am doing it.”

It is a self-commitment that the achievements of three strategic tasks such as △OLED trending △P-OLED business base strengthening △Liquid crystal display (LCD) structure innovation, which the company has been promoting for so far, has gradually appeared.

In addition, it is analyzed that the diversification of products also contributed to the improvement of earnings. In fact, when looking at the proportion of sales by each division in the fourth quarter of last year, LCD-using IT panels were the highest at 37%, TV panels (LCDs, OLEDs) were 29%, and mobile panels and others ((smartphones, wearables, automobiles) were the highest. Occupied 34% and were evenly distributed.

In particular, LG Electronics also showed strong confidence in the first quarter of this year based on the strong performance in the fourth quarter of last year at the conference call that day. A company official said, “As demand increased in the second half of the past, I gained confidence in the situation where the factory was fully operated with the strategy of OLED trending.

He added, “The result of the employees’ relentless efforts in the third and fourth quarters of last year,” he added. “Now, we are able to secure trust from our customers based on the confidence we gained in all aspects such as quality, safety, yield, and price.”

While not predicting the earnings outlook for the first quarter of this year, he said, “There may be seasonal factors, but as we built the foundation for an earnings turnaround in the fourth quarter of last year, we will make every effort to improve profitability within that basis in the first quarter of this year.”

In particular, the target for the production of OLED TV panels, which is the flagship, was set at 7~8 million per year. The company said, “We can produce more than 140,000 sheets a week at the Paju factory and 60,000 sheets at the new factory in Guangzhou, so we can meet the target this year.” Will”.

On the other hand, LG Display announced that it posted 7.4612 trillion won in sales and 685.66 billion won in operating profit in the fourth quarter of 2020 through the announcement of its earnings this morning. Compared to the previous year, sales were 16% and operating profit turned to black.