Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  KOREA EXCHANGE  >  LG Electronics Inc.    066570   KR7066570003

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

LG Electronics : MARKS SALE OF 15 MILLION REFRIGERATORS POWERED BY ITS INVERTER LINEAR COMPRESSOR TECHNOLOGY

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/21/2017 | 02:14am CEST

Mar. 21, 2017

Company's Core Technology Provides Exceptional Performance,
Energy Savings and Less Noise

SEOUL,Mar. 21, 2017- LG Electronics (LG) today announced the sale of its 15th million refrigerator worldwide powered by its proprietary Inverter Linear Compressor, the appliance division's most successful core technology. LG saw sales of its premium refrigerators increase 8 percent last year compared to the previous year and expects to sell four million more units this year, an average of seven refrigerators sold every minute.

LG's Inverter Linear Compressor is a critical component of every premium refrigerator and is considered a core technology behind the success of the company's appliances. Unlike conventional rotary compressors that utilize circular motion, LG's Linear Compressor converts linear motion into cooling power much more efficiently. This process reduces energy consumption and noise level compared to refrigerators with conventional motors.

Since developing the Inverter Linear Compressor 16 years ago, LG has continuously worked to improve its technology. LG's fifth generation Inverter Linear Compressor, introduced in 2014, delivers 55 percent better energy efficiency and 15 percent less noise compared its first generation compressor. LG currently holds 981 patents in South Korea for its Linear Inverter Compressor technology, as well as 232 patents in the United States and 52 across Europe.

LG's Inverter Linear Compressor refrigerator has been named 'Best Refrigerator' by a number of consumer organizations and product reviewers world over for its excellent performance, consistent temperature controls and low noise level. LG expanded its award-winning lineup last year with its new Centum System™ refrigerator developed specifically for the European market. The Centum System Inverter Linear Compressor was backed by a 20-year warranty, an industry first, earning it recognition by VDE (Verband Deutscher Elektrotechniker), one of Europe's most respected standards and safety organizations.

'Our commitment to developing core technologies such as the Inverter Linear Compressor is a key element of the success of LG refrigerators all over the world,' said Song Dae-hyun, president of LG's and Home Appliance & Air Solutions Company. 'Our priority to enhance refrigerator performance, reduce noise levels while using less energy is how we continue to bring value to our customers.'

# # #

LG Electronics Inc. published this content on 21 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 March 2017 01:14:09 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LG ELECTRONICS INC.
04:43p CYPRESS SEMICONDUCTOR : LG Selects Highly Integrated Cypress USBC Solution for U..
05:40a Chaebol reform at forefront of South Korea presidential campaign - again
03/27 LG ELECTRONICS : launches region’s first ‘Signage Design’ cont..
03/27 LG ELECTRONICS : opens premium showrooms
03/26 LG ELECTRONICS : announces sale of 15th million refrigerator worldwide
03/24 LG ELECTRONICS : G6 gets off to good start
03/23 LG ELECTRONICS : "Method and Apparatus for Transmitting Device-To-Device Related..
03/23 LG ELECTRONICS : Patent Issued for Electronic Device Comprising a Touch-Screen D..
03/23 LG ELECTRONICS : Patent Application Titled "Solar Cell Module and Method for Man..
03/23 LG ELECTRONICS : "Mobile Terminal and Controlling Method Thereof" in Patent Appl..
More news
Sector news : Household Electronics - NEC
05:40a Chaebol reform at forefront of South Korea presidential campaign - again
03/21DJIt's Apple vs. Trump in Taiwan, and the iPhone Maker Is Winning
03/18DJSONY : Paramount Try to Get Off the B List -- WSJ
03/15 Workers at Japan's top companies get meagre 2017 pay hikes in Abenomics setba..
03/01 YouTube unveils live TV service for cord cutters
More sector news : Household Electronics - NEC
Advertisement
Financials ( KRW)
Sales 2017 58 748 B
EBIT 2017 1 941 B
Net income 2017 1 060 B
Debt 2017 5 138 B
Yield 2017 0,60%
P/E ratio 2017 12,49
P/E ratio 2018 11,09
EV / Sales 2017 0,30x
EV / Sales 2018 0,27x
Capitalization 12 193 121 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 65 958  KRW
Spread / Average Target -7,5%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Do-Hyun Jung Co-President, Co-CEO, CFO & Director
Jun-Ho Jo Co-President, Co-CEO & Director
Sung-Jin Cho Co-President, Co-CEO & Director
Jong-Sik Kim COO & President-Executive Board
Skott Ahn President-Executive Board & CTO
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
LG ELECTRONICS INC.10 962
SONY CORP8.89%40 841
PANASONIC CORPORATION0.46%26 499
SHARP CORPORATION55.19%18 867
LG CORP--.--%10 854
TCL CORPORATION--.--%6 460
More Results