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

LG ELECTRONICS INC. (066570)
Mes dernières consult.
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector 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.
04/23LG set to acquire automotive light maker ZKW for W1.6tr
AQ
04/22TRUMP'S NEXT $100 BILLION TARIFF DIL : hit Wal-Mart or Apple Store?
RE
04/22TRUMP'S NEXT $100 BILLION TARIFF DIL : hit Wal-Mart or Apple Store?
RE
04/21Trump's next $100 billion tariff dilemma - hit Wal-Mart or Apple Store?
RE
04/20LG ELECTRONICS : With Puricare LG gives consumers cleaner air
AQ
04/19LG ELECTRONICS : Patent Issued for Method and Apparatus for Transmitting Device-..
AQ
04/19LG ELECTRONICS : Patent Issued for Control Device for 3D Printer (USPTO 9937668)
AQ
04/19LG ELECTRONICS : Researchers Submit Patent Application, "Stand and Display Devic..
AQ
04/19LG ELECTRONICS : Patent Issued for Light Distributing Device for Vehicle (USPTO ..
AQ
04/19LG ELECTRONICS : Patent Issued for Steering Input Apparatus for Vehicle and Vehi..
AQ
More news
News from SeekingAlpha
04/22MAGNACHIP SEMICONDUCTOR : A Stock Under $10 With 40% Upside, But Also Downside 
04/10Enphase Energy - A Diamond In The Rough 
02/15A Look At The Robotics Sector And Robot Companies 
01/26LG Electronics Inc. 2017 Q4 - Results - Earnings Call Slides 
01/25WALL STREET BREAKFAST : Major Currencies On The Move 
Financials ( KRW)
Sales 2018 65 029 B
EBIT 2018 3 225 B
Net income 2018 1 974 B
Debt 2018 4 385 B
Yield 2018 0,45%
P/E ratio 2018 9,25
P/E ratio 2019 8,47
EV / Sales 2018 0,34x
EV / Sales 2019 0,30x
Capitalization 17 410 B
Chart LG ELECTRONICS INC.
Duration : Period :
LG Electronics Inc. Technical Analysis Chart | 066570 | KR7066570003 | 4-Traders
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 120 668  KRW
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Do-Hyun Jung President, Co-CEO, CFO & Director
Seong-Jin Cho Vice Chairman & Co-Chief Executive Officer
Skott Ahn President-Executive Board & CTO
Bon-Joon Koo Vice Chairman
Chang-Woo Lee Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
LG ELECTRONICS INC.16 122
SONY CORP3.58%63 170
PANASONIC CORPORATION-4.09%36 149
SHARP CORPORATION-11.44%15 747
TCL CORPORATION--.--%7 031
CASIO COMPUTER CO LTD7.67%4 201