LG Energy Solution flags Q1 operating loss on weak EV demand

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SEOUL, April 7 (Reuters) – South Korean battery maker LG Energy Solution (LGES) said on Tuesday it expects to post a first-quarter operating loss of 208 billion won ($138.16 million), as weaker demand from ‌electric vehicles (EVs) makers weighed on earnings.

That compared with an LSEG SmartEstimate forecast of a 160 billion won loss, which was weighted toward analysts who are more consistently accurate.

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($1 = 1,505.5000 won)

(Reporting by Heekyong YangEditing by Ed Davies)