Click to Skip Ad
Closing in...

LG projects slowed growth in 2011, still shoots for record sales

LG Group announced Tuesday that it projects record sales of nearly $136 billion in 2011. LG also stated that 2010 sales are estimated to come in at $123 billion, an impressive 13% improvement over 2009. LG’s 2011 sales projections would set a new record for the company, though its growth rate would slow to 11% year-over-year. Between its electronics, chemical and mobile businesses, LG Group anticipates that approximately 75% of its sales revenue will come from markets outside of South Korea, where the conglomerate is headquartered. It expects overseas sales to increase 18% in 2011, to $107.3 billion, and LG’s electronics units are projected to account for roughly 62% of its total revenue.

Read

Zach Epstein

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.