Press Release

LG H&H reports all-time high for single quarter results for 1Q 2013; net sales reached 1.1 trillion won, operating profit reached 146 billion won, and net profit reached 103 billion won. Versus 1Q 2012, net sales grew +10.3%, operating profit grew +12.3% and net profit grew +12.7%.

April 23, 2013 - LG Household & Health Care, Ltd. (CEO: Suk Cha) reported 1.1 trillion won in sales (10.3% growth yoy), and 146 bn won in operating profit (12.3% growth yoy). Sales, operating profit, and net profit reached all-time high for single quarter results, and sales exceeded one trillion won for the first time for the first quarter. Sales has increased for thirty consecutive quarters since 3Q 2005, and operating profit has increased for thirty-two consecutive quarters since 1Q 2005; beating historic high results every quarter.

In household goods, sales increased 11% yoy to 376 bn won and operating profit increased 12% yoy to 51 bn won with strong performance of premium and differentiated new products. Two joint ventures were established in household goods division; one with Xibao in China and the other with Indevco in Dubai to secure future growth in China and the Middle East.

In cosmetics, sales increased 11% yoy to 443 bn won and operating profit increased 13% yoy to 79 bn won with solid growth from well-positioned brands despite of stagnant market growth due to weak consumption. Brand portfolio was further strengthened with introduction of a winery cosmetics brand, ‘DAVI’, this March, fulfilling fragmented consumer needs in the prestige market.

For overseas cosmetics, sales grew 49% to 82 bn due to acquisition of Everlife and a strong growth from TheFaceShop. Especially China and Japan delivered fast growth of 62% yoy.

In beverage, sales increased 8% yoy to 264 bn won, and operating profit increased 13% yoy to 16 bn won with continuous growth of Coca-Cola Beverage and rapid improvement of Haitai Beverage. Carbonated beverage sales grew 10% yoy with introducing special edition products continuously, and non-carbonated beverage sales grew 6% yoy as coffee and water categories grew nicely.