[Edaily Reporter JAEMIN SONG ] LGELECTRONICS posted double-digit growth in operating profit for the third quarter of this year, driven by strong performance in its home appliance and automotive components businesses, coupled with improved profitability in its TV business.

LGELECTRONICS announced on the 28th that it posted third-quarter consolidated revenue of 23.8241 trillion won and operating profit of 781.9 billion won. These figures represent year-over-year increases of 8.9% and 13.5%, respectively. Cumulative revenue for the first three quarters of this year rose 9.2% to 71.3778 trillion won, while cumulative operating profit increased 55.9% to 4.0347 trillion won.

The Home Appliances (HS) Business Division posted revenue of 7.0444 trillion won and operating profit of 259.2 billion won. Thanks to a strategy that simultaneously targets both the premium and mid-to-low-end markets, revenue exceeded 7 trillion won for the second consecutive quarter.

The Media & Entertainment (MS) Business Division, which handles TVs and other products, posted revenue of 5.0215 trillion won and operating profit of 146.7 billion won. Increased sales of premium products, such as OLED TVs, and expansion into Shinhung markets drove the improvement in performance.

The Vehicle Solutions (VS) Business Division achieved record-high third-quarter results in both revenue and operating profit, posting 2.8261 trillion won in revenue and 190.3 billion won in operating profit. This was driven by the conversion of existing order backlog into revenue and growth in the in-vehicle infotainment (IVI) business.

The Eco Solutions (ES) Business Division, which handles heating, ventilation, and air conditioning (HVAC), recorded revenue of 2.1736 trillion won and an operating profit of 87.2 billion won. Sales expanded, particularly in the overseas commercial HVAC market.

New business ventures also showed positive results. Cumulative orders for the artificial intelligence (AI) data center cooling solutions business exceeded 3 trillion won in the third quarter, a significant increase from approximately 600 billion won in the first half of the year.

In the fourth quarter, LGELECTRONICS plans to continue its growth strategy centered on business-to-business (B2B), subscription, and online businesses, while addressing external uncertainties through supply chain diversification and operational efficiency improvements.