LG Display recorded 119% in the
liability-to-equity
ratio, 91% in the current ratio, and 33% in the net
debt-to-equity
ratio as of September 30, 2018. The increased ratios of
liability-to-equity
and net
debt-to-equity
compared with the previous quarter were mainly due to the companys strategic investment into the shift toward a more OLED-focused business
structure.
Panel area shipments in the fourth quarter are expected to increase by a low to mid-single digit percentage due to the seasonality
effect. Panel price trends are expected to vary by product size and segment, said Don Kim, CFO of LG Display.
He added, 2018 and 2019 are
critical years for LG Display as it transforms into a more OLED-focused business structure. We will do our best to maximize profitability by expanding our OLED business portfolio while accelerating our pursuit of a differentiated strategy for our
LCD business.
###
Earnings Conference Call
LG Display will hold a
bilingual conference call in English and Korean on October 24, 2018 starting at 10:00 a.m. Korea Standard Time to announce the third quarter of 2018 earnings results. Investors can listen to the conference call via
https://events.arkadin.com/ev/APAC/kr/lgd18q3webcast
About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the worlds leading innovator of display technologies, including thin-film transistor liquid crystal
(TFT-LCD)
and OLED displays, as well as the global pioneer in OLED lightning. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers,
desktop monitors, and various other applications, including tablets and mobile devices. It also produces a wide range of OLED light panels for the automotive and interior design sectors. LG Display currently operates manufacturing facilities in
Korea and China, and
back-end
assembly facilities in Korea, China, Poland, and Vietnam. The company has approximately 54,000 employees operating worldwide. For more news and information about LG Display,
please visit
www.lgdisplay.com.
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are
forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no
obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ
materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States
Securities and Exchange Commission.
Investor Relations Contact:
Heeyeon Kim, Vice President and Head of Investor Relations
Tel:
+822-3777-1010
Email:
ir@lgdisplay.com