LG Display Co., Ltd (NYSE:LPL) Q2 2024 Results Conference Call July 25, 2024 1:00 AM ET
Company Participants
Brian Heo - Head of Investor Relations
Sung-Hyun Kim - Chief Financial Officer
Min Lim Seung - Senior Vice President for Corporate Planning
Conference Call Participants
Dongwon Kim - KB Securities
Sun Woo Kim - Meritz Securities
Won Suk Chung - HI Investment & Securities
Kyuha Lee - NH Investment & Securities
Hyon NamKung - Shinhan Investment & Securities
Jacob Hesslevik - SEB
Brian Heo
Good morning, and good afternoon. This is Brian Heo, in-charge of LG Display's IR. On behalf of the company, let me thank all the participants at this conference call. Today, I'm joined by the CFO, Sung-Hyun Kim; Seung Min Lim, Senior Vice President of Corporate Planning; [Joo Dong] Kim, Vice President of Finance; Ki-Yong Lee, in-charge of Business Intelligence; [Joo Dong Kim], Vice President of Large Display Planning and Management; [Won Jae Lee], in-charge of Medium Display Planning and Management, [Jong-Seok Park], in-charge of Small Display Planning and Management; and [Moon Tae-Hyoung], in-charge of Auto Planning and Management.
The conference call will be conducted in both Korean and English. Please refer to the provisional earnings release today or the IR Events section in the company's website for more details on the financial results for Q2 2024.
Before we begin the presentation, please take a moment to read the disclaimer. Please note that today's results are based on consolidated IFRS standards prepared for your benefit, and have not yet been audited by an outside auditor.
I will start with Q2 business results. Revenue in Q2 was KRW 6.708 trillion, up 28% Q-o-Q and 42% Y-o-Y. Shipment increased in all product categories with a notable growth in shipment and mix of OLED products where the company has differentiated advantage.