The Company Achieves Record-High First-Quarter Revenue
Surpassing KRW 22 Trillion
SEOUL, South Korea, April 7, 2025 /PRNewswire/ -- LG Electronics Inc. (LG) today announced its preliminary earnings results for the first-quarter of 2025, reporting a consolidated revenue of KRW 22.7 trillion and operating profit of KRW 1.3 trillion.
This marks the first time LG's first-quarter revenue has exceeded KRW 22 trillion. Despite ongoing macroeconomic challenges, including a global economic slowdown, the company's focus on "qualitative growth" businesses played a key role.
Especially in B2B sectors, the Eco Solution (ES) business has been the primary driver of growth in both revenue and profitability. Other areas—such as subscription services, webOS-based advertising and content, and direct-to-consumer (D2C) sales—also contributed to the company's record-breaking results.
Operating profit exceeded KRW 1 trillion for the sixth consecutive year, continuing to reflect a stable profit structure. Increased revenue from high-margin areas created a strong operating leverage effect, helping to sustain a stable profit structure. Additional drivers of profitability included efficient resource allocation, normalization of raw material and logistics costs, and enhanced agility in global production operations.
In the home appliance solution business, LG's premium products maintained strong leadership in the global market. The built-in appliance business – a B2B segment – alongside key component sales such as motors and compressors, also contributed meaningfully to the performance.
The company's subscription business, which combines hardware and services, is rapidly expanding. In 2025, LG plans to further strengthen its subscription-ready product lineup and customer care services, while also accelerating the global rollout of its subscription model.
In the media and entertainment solution business, from this year, LG is integrating its display-based businesses – including TVs, IT (laptops, monitors) and ID (commercial displays) – to generate synergy in its webOS-based advertising and content platform, traditionally centered around smart TVs.
LG's 2025 TV lineup introduced enhanced AI features such as personalized content recommendations, superior picture quality and immersive sound. New products like the ultra-light LG gram Pro AI laptop and the portable LG StanbyME 2 lifestyle screen received positive responses from global markets. The commercial display segment also secured several large-scale international contracts.
The vehicle solution business, continues to expand sales of high value-added products, especially in in-vehicle infotainment (IVI) systems, while diversifying into automotive content platforms. LG Magna e-Powertrain is strengthening its competitiveness through advanced motor and inverter technologies and is enhancing operational capabilities at global production sites to support long-term growth. Meanwhile, the automotive lighting business is accelerating development of next-generation technologies, such as high-resolution and intelligent lighting systems, while improving overall efficiency.
The heating, ventilation and air conditioning (HVAC) business began operating as an independent Company in the first quarter. By focusing business capabilities on the essence of the order-based HVAC business and the characteristics of customers, the company is increasing its contribution to profitability.
In the commercial HVAC space, LG secured major overseas contracts in markets such as Singapore, thanks to its ability to provide localized, tailored solutions. Going forward, LG aims to make HVAC a core pillar of its B2B portfolio by leveraging its proprietary technologies in compressors, fans, heat exchangers and AI engines.
In the residential market, LG plans to maintain its leadership with AI-powered innovations. Additionally, in industrial and power-generation sectors, the company is actively pursuing new opportunities with large-scale chiller systems.
These figures are tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics' final earnings results, including net profit. Details regarding each division will be announced officially later this month.
About LG Electronics, Inc.
LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 75,000. LG's four Companies – Home Appliance Solution, Media Entertainment Solution, Vehicle Solution and Eco Solution – combined for global revenue of over KRW 88 trillion in 2024. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
LG RELEASES PRELIMINARY EARNINGS FOR FIRST-QUARTER 2025
KUALA LUMPUR, Malaysia, April 10, 2025 /PRNewswire/ -- Informa Markets announces the launch of Medtec Southeast Asia 2025, the premier medical device design and manufacturing exhibition in Southeast Asia, making its debut in Malaysia.
The inaugural Medtec Southeast Asia 2025 exhibition will take place from July 16 to 18, 2025, at the Malaysia International Trade & Exhibition Centre (MITEC) in Kuala Lumpur, Malaysia. The exhibition, organized by Informa Markets, stands as Southeast Asia's leading exhibition for medical device design and manufacturing, bringing together every aspect of the medical device manufacturing, technology and design supply chain.
With decades of experience, Informa Markets is a global leader in healthcare and medical device manufacturing exhibitions, connecting key stakeholders across the industry to drive innovation and growth.
Malaysia: Medical device manufacturing thrives in Malaysia while Southeast Asia experiences mounting demand in this sector.
Malaysia stands as Southeast Asia's top medical devices manufacturing hub, supported by strong government policies and robust infrastructure development. The medical device market in the country is projected to grow to USD 3.64 billion by 2028*, demonstrating its expanding influence within the international healthcare supply chain.
The healthcare sector in Southeast Asia experiences rapid expansion because of its aging population together with the rise of non-communicable diseases and the growth of medical tourism.
Medtec Southeast Asia 2025 serves as a meeting ground for industry leaders, manufacturers, and innovators to develop future medical device design and manufacturing directions that meet regional needs.
Medical Device Design, Manufacturing and Technology Presented in Their Entirety
The exhibition Medtec Southeast Asia 2025 encompasses all aspects of medical device manufacturing and features exhibitors who specialize in:
The exhibition creates expanded possibilities for manufacturers and suppliers to investigate new medical technology advancements while forming partnerships and discovering business prospects in one of the fastest-growing healthcare markets worldwide.
Meeting the Rising Demand for Medical Devices
"The Medtec Southeast Asia 2025 event, launching in Malaysia, represents a crucial advancement in boosting medical device manufacturing across the region. Medtec Southeast Asia operates as a sister brand alongside MD&D and MedTech World exhibitions series, providing significant industry expertise and substantial networking opportunities that foster innovation, drive technology adoption, and promote collaboration in medical device design and manufacturing," said Ms. Rungphech (Rose) Chitanuwat, Regional Portfolio Director, ASEAN at Informa Markets. Further explained that "This event will serve as a pivotal platform for industry progression and regional partnership development as Southeast Asia expands its healthcare capabilities."
Co-located with International Healthcare Week 2025
Medtec Southeast Asia will be part of International Healthcare Week 2025, co-located with CPHI Southeast Asia, Medlab Asia, and Asia Health (renowned as WHX and WHX Labs Kuala Lumpur). The concept of International Healthcare Week brings together the pharmaceutical industry, medical laboratory industry, medical device industry, and medical manufacturing technology industry to form a single, integrated healthcare ecosystem under one roof.
Through its strategic partnership with Malaysia External Trade Development Corporation (MATRADE), International Healthcare Week 2025 intends to establish Malaysia as a major hub for medical innovation and trade. The partnership will improve market access and promote investment opportunities to stimulate growth within Southeast Asia's healthcare and medical device industry.
The exhibitions are expected to bring over 1,000 exhibitors and 16,000 attendees from more than 50 countries, creating exceptional networking opportunities while facilitating business matchmaking and knowledge exchange, thereby establishing the event as a central platform for the region's healthcare sector.
Ms. Rungphech (Rose) Chitanuwat, Regional Portfolio Director, ASEAN at Informa Markets stated that "Informa Markets is dedicated to supporting the growth and development of Southeast Asia's healthcare sector. Malaysia's strong position as a medical device manufacturing hub, combined with the region's expanding healthcare demands, makes Medtec Southeast Asia 2025 a crucial business platform for industry leaders, innovators, and investors. This event will drive the advancement of medical device manufacturing and technology industries across Southeast Asia"
Take part in Medtec Southeast Asia 2025 to lead the cutting-edge medical device design and manufacturing sector in Southeast Asia.
For more information and exhibitor inquiries, visit: https://inthealthcareweek.com/medtecsea2025
*Source: Malaysia Medical Devices Report Includes 5-year forecasts to 2028 By BMI
About Informa Markets
Informa Markets connects businesses and professionals with knowledge, expertise, and innovative solutions. As a global leader in B2B events and digital services, Informa Markets organizes industry-leading exhibitions that drive business growth, foster collaboration, and advance market development.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Medtec Southeast Asia 2025 - The Southeast Asia's Premier Medical Device Design & Manufacturing Exhibition Debuts in Malaysia
