This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

LG Display's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Moving onto slide six, I would like to go over our performance highlights. Looking at our shipments, it increased by 4% quarter-on-quarter. Panel price remained flat since November and our ASP recording $684, a 3% quarter-on-quarter decrease. The price fall was limited compared to the industry average decline due to increased pushing of our higher value-added products.

Moving on to our product mix on slide seven, in the fourth quarter, the TV segment represent 47% of the revenue, followed by monitor at 20%, notebook at 13%, smartbook at 9%, and mobile and others at 11%. The smartbook portion has been reduced as the high-end smartbook sales decreased in Q4, but mobile’s revenue portion increased with strong sales in smartphone.

Moving on to slide eight, and looking at our capacity. Our capacity decreased slightly by 3% quarter-on-quarter. This is due to the introduction of our new production process in changing (inaudible). Although the production capacity decreased, impact on our output was limited as the production efficiency has improved.

Next, we turn to our outlook section. In the fourth quarter, we expect our total shipment to remain similar to the previous quarter and we expect better than normal seasonality as the customers restock their inventory from current low levels and (inaudible) is expected to increase within our customers. However, the uncertainty over demand outlook remains with a macro economic impact acting as our risk factors.

The ASP is expected to remain stable since the panel maker’s profitability concerns continue and inventory levels across the industry are very lean. Although there are some uncertainties in the market which could potentially impact the panel shipments, we believe that we are in a relatively better position. Thanks to the increasing trend of high end specialty products within our sales.

We are committed to accelerating the differentiation of our products and believe the strategy to minimize the impact of the industries that are back hauled and to maintain the stable product structure during this uncertain period.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs