Press Release

LG H&H, Reports Record High Annual Results 7.7tr won (+13.9% yoy), Operating Profit 1.2tr won (+13.2% yoy)

Date 2020.01.29

15 Consecutive Years of Growth in Sales and Operating Profits
Record-high fourth quarter results,
surpassing 2tn won for the first time on a quarterly basis

 

Jan 29, 2020 – In FY 2019, LG H&H, Ltd. (CEO: Suk Cha) delivered record-high annual results.
The Company reported 7.7tr won in sales (+13.9% yoy), 1.2tr won in operating profit (+13.2% yoy) and net profit increased to 788bn won (+13.9% yoy).

 

Despite persisting uncertainties caused by domestic economic slowdown, US-China trade war,
the introduction of China’s E-Commerce Law, and headwinds such as protests in Hong Kong,
the company achieved stable and outstanding performance growing over 10% yoy every quarter throughout the year.

 

The company has recorded positive results in both domestic and overseas market. ’Whoo’, ‘su:m’, ‘O HUI’ has accomplished outstanding performance through improved brand competitiveness and the overseas businesses achieved 48% growth yoy led by China and Japan.

 

The company also secured a new business growth engine through the acquisition of Avon, to penetrate into the North American market and prepare for global expansion.

 

In 4Q 2019, sales increased 18.5% yoy surpassing 2tn won sales level for the first time on a quarterly basis. Operating profit increased 14.3% yoy to 241bn won, resulting both sales and operating profits to report record-high fourth quarter results, and 15 consecutive years of growth.