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4-Traders Homepage  >  Equities  >  Deutsche Boerse AG  >  LG Electronics Inc.    LGLG

LG ELECTRONICS INC. (LGLG)
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LG ELEC GDR'REGS'/ : PRADA AND LG SIGN EXCLUSIVE AGREEMENT CEMENTING PARTNERSHIP 2011-11-24

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11/24/2011 | 03:45am CEST

SEOUL, Nov. 24, 2011 -- PRADA and LG Electronics (LG) today renewed their exclusivemobile phone partnership at a signing ceremony in Seoul, Korea. Building on this partnership'sprevious success, the two companies will develop the PRADA phone by LG 3.0, for launch in early2012.

Under this partnership, LG will be PRADA's exclusive mobile phone partner. The collaboration,which began in 2006 and resulted in two premium mobile phones being introduced in 2007 and2008, focuses on key elements within the smartphone, including software and user interface downto its design and packaging.

"The partnership between Prada and LG has always been characterised by an innovativeapproach and uncompromised quality of style, design and breakthrough technology," said Mr.Patrizio Bertelli, CEO of PRADA Group. "These values are common to both our brands, whichhave always anticipated, and often set, the trends in many fields. We were therefore delighted tocooperate again with LG in the development of the latest creation of the mobile communicationindustry."

"Our working relationship with PRADA is unique in its longevity and success, something noother phone company and luxury brand have been able to replicate," said Dr. Jong-seok Park,President and CEO of LG Electronics Mobile Communications Company. "Having successfullylaunched two PRADA phones by LG, we look forward to collaborating further to develop premiumhandsets with a strong identity and the most sophisticated style."

The PRADA phone by LG 1.0, a pioneer in the mobile phone space, was an unqualified success,selling over one million units. This premium handset combined high-end technology with a designembodying superior style. As evidence of its place in design history, the PRADA phone by LG 1.0is part of the permanent collection in New York City's Museum of Modern Art (MoMA) and theMuseum of Contemporary Art (MOCA) in Shanghai.

The PRADA phones by LG were avant-garde in the technology they offered to users. ThePRADA phone by LG 1.0 was the world's first touchscreen mobile phone, and the 2.0 provided aninnovative mobile experience through its unique watch with Link technology, which allowed foreasy access to caller ID, SMS text messages, call history, call block and two-way alarm notification.

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Financials ( KRW)
Sales 2018 64 694 B
EBIT 2018 3 467 B
Net income 2018 2 027 B
Debt 2018 4 955 B
Yield 2018 0,48%
P/E ratio 2018 8,51
P/E ratio 2019 7,68
EV / Sales 2018 0,33x
EV / Sales 2019 0,29x
Capitalization 16 506 B
Chart LG ELECTRONICS INC.
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LG Electronics Inc. Technical Analysis Chart | LGLG | US50186Q2021 | 4-Traders
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 125 817  KRW
Spread / Average Target 30%
EPS Revisions
Managers
NameTitle
Do-Hyun Jung President, Co-CEO, CFO & Director
Seong-Jin Cho Vice Chairman & Co-Chief Executive Officer
Skott Ahn President-Executive Board & CTO
Bon-Joon Koo Vice Chairman
Chang-Woo Lee Outside Director
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