[Concall] LG Chem "Battery Division Annual Sales Target Unavoidably Down 10~15%"

[Asia Economy Reporter Park So-yeon] LG Chem stated in a conference call following the Q1 earnings announcement on the 28th that regarding the outlook for the battery division this year, "While the sales growth trend remains unchanged, a 10-15% decline from the previously announced annual sales target of 15 trillion KRW is inevitable." They added, "Profit and loss will also be affected, and profitability is expected to decrease from the mid-single digits annually to the low single digits. However, investments for future preparation and capacity expansion will remain unchanged and will be executed as planned."

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