[Concall] LG Electronics "Q3 Automotive Parts Demand Recovery... Expecting 30% Sales Growth"
[Asia Economy Reporter Dongwoo Lee] LG Electronics stated in a conference call held after the Q2 earnings announcement on the 30th, "Due to the impact of the novel coronavirus infection (COVID-19), the automotive parts (VS) business division, which has supply chains centered in Europe and North America, has indeed suffered a fatal blow due to shutdowns."
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However, they added, "From Q3, demand for automotive parts is recovering, and operating profit is expected to gradually improve," and "Although demand is expected to decrease compared to the previous year, sales are anticipated to grow by more than 30% based on existing contracts."
This content was produced with the assistance of AI translation services.
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