Seoul, April 7 – LG Electronics estimated on Tuesday that its first-quarter operating profit would increase by 33 percent compared to the same period last year, driven by strong performance in its core home appliance business.
Operating profit for the January-March period reached 1.67 trillion won (US$1.1 billion), compared to 1.25 trillion won a year earlier, the company said in a regulatory filing.
Sales rose 4.4 percent to 23.73 trillion won, marking a record high for a first quarter.
Net profit data was not available. The company will release its final earnings report later this month.
In the fourth quarter, LG Electronics posted an operating loss of 109 billion won, mainly due to weak market demand and one-off costs related to its restructuring program.
LG Electronics said its home appliance solutions division maintained growth by strengthening its subscription business and focusing on the premium segment.
The media and entertainment solutions business returned to profitability from a loss in the fourth quarter of 2025, thanks to the company's cost-cutting efforts, it added.
The vehicle solutions business improved profitability compared to the previous year, LG Electronics said, without providing details. The recent weakness of the Korean won against the US dollar had some positive effects on the segment, as most of its clients are based overseas, it added.
LG Electronics said its eco solutions business experienced a decline in sales and operating profit in the first quarter compared to the previous year, amid market uncertainties, adding that it will continue efforts to target demand related to artificial intelligence (AI) data centers.
For the remaining part of 2026, LG Electronics plans to continue cutting costs to address rising raw material prices.
The company will continue to develop future growth engines, including home robots and related accessories, it added.
"Amid the growing cost burden from geopolitical factors, including the Middle East conflict, macroeconomic instability, and rising raw material and logistics costs, LG Electronics plans to minimize the impact by taking flexible and proactive measures," the company said in a release.
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