[Concall] LGD "Automotive Share Expected at 10% This Year... Order Backlog to Increase 30% by 2025"
LG Display stated in a conference call held after the Q3 earnings announcement on the 25th that it expects the sales proportion of the automotive (Auto) display sector to be around 10% this year. LG Display recorded a 9% sales proportion in the automotive display sector in Q3 this year.
LG Display also anticipates a sales growth rate of around 15% over the next five years.
The order backlog for the automotive display sector this year is expected to be in the low 20 trillion KRW range. With the advent of the electric vehicle era and the expanding roles of displays inside cars, the company explained that a 30% growth in order backlog is expected by 2025. However, it added that the increasing number of competitors entering the promising automotive display market is recognized as a risk factor.
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LG Display is determined to continuously strengthen its position as the world’s number one company through order acquisition and sales growth, based on differentiated technological competitiveness encompassing tandem OLED and high-end LCD in the automotive display sector, thorough quality control, and stable supply capabilities.
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