LG: appliances and air solutions increased by 11%

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As reported by LG, the LG Home Appliance & Air Solutions Company reported full-year 2017 revenues of USD 17.34 billion, a 11% increase from the previous year, reflecting strong demand for premium products such as TWINWash washing machines, InstaView refrigerators and energy-efficient home appliances. Fourth-quarter 2017 revenues of USD 3.91 billion rose 7% from the same period the previous year, with sales in Korea up 27% year-over-year. Quarterly operating income declined to USD 72.8 million because of increased marketing expenses related to LG Signature, infrastructure investments in North America and R&D expenditures related to AI appliances and robots.

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