Overview

• LGES estimated a 152% year-on-year rise to 492 billion won in operating profit for the April–June quarter.
• The projected result notably exceeds the 294 billion won average forecast by LSEG SmartEstimate.
• Profit excluding tax credits from the U.S. Inflation Reduction Act amounted to just 1.4 billion won.
• Analysts say automakers rushed to secure battery cells ahead of potential U.S. EV-related tariffs, boosting Q2 demand.
• The South Korean supplier to General Motors and Tesla will release comprehensive second-quarter results in late July.