LG Display said Thursday it posted first-quarter consolidated revenue of 5.534 trillion won and operating profit of 146.7 billion won.
Operating profit surged 338% from a year earlier on cost-cutting technologies and improved operating efficiency, marking a third straight profitable quarter. Earnings before interest, taxes, depreciation and amortization (EBITDA) came to 1.141 trillion won, with a margin of 20.6%.
Despite the seasonal off-peak period, organic light-emitting diode (OLED) products accounted for 60% of revenue, up 5 percentage points from a year earlier. As a result, the average selling price per area rose 55% year over year.
By revenue, the sales mix was 16% TV panels, 37% IT panels such as monitors and laptops, 37% mobile panels and other products, and 10% automotive panels.
The company said it is strengthening competitiveness around OLED while accelerating cost innovation and operational efficiency to build a sustainable profit structure.
In its small-panel business, LG Display said it plans to use its production infrastructure more efficiently, supported by technology leadership and stable supply capabilities, while continuing preparations for the future.
For large panels, it said it will bolster its premium lineup based on what it called world-leading and first-to-market technologies, while expanding products with improved price competitiveness. It added that in monitors, where the shift to OLED is accelerating, it will broaden its gaming lineup using proprietary technologies to maximize opportunities and win customers.
Kim Seong-hyeon LG Display CFO said the company is strengthening competitiveness in high-spec products where it has an advantage, raising technological barriers as well. “Through companywide efforts, we will reinforce technological differentiation to secure financial soundness and strive to deliver sustainable results that meet the expectations of the market and customers,” he said.
* This article has been translated by AI.
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