[Concall] LG Electronics "VS Headquarters Year-End Order Backlog Possible at 100 Trillion Won"

On the 27th, LG Electronics stated during a conference call following the Q3 earnings announcement that "the VS division is expected to secure an order backlog of 100 trillion KRW by the end of this year." The company explained, "While some variables may arise during the remaining period of order negotiations, we are successfully progressing with competitive and new order activities."

They added, "The proportion of major business segments is expected to be around 60% for infotainment product backlog, 20% for electric vehicle parts, and about 10% for automotive lamps." They also noted, "In particular, the electric vehicle market is experiencing high growth, and the synergy effect from the Magna JV along with the order backlog proportion of electric vehicle parts is expected to continue increasing."

[Image source=Yonhap News]

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