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GE CFO sees improvement in company businesses in H2
2022.05.12 20:41
A traffic light is seen in front of a logo of General Electric at the company’s plant in Birr, Switzerland June 17, 2019. REUTERS/Arnd Wiegmann
CHICAGO (Reuters) – General Electric (NYSE:GE) Co on Thursday said it expects an improvement in its businesses in the second half of the year despite persistent inflationary and supply chain pressures.
“We remain confident in the recovery in the second half,” Carolina Dybeck Happe, GE’s chief financial officer, told Goldman Sachs (NYSE:GS) Industrials & Materials Conference.
She, however, said the company expects to burn cash in the current quarter despite an improvement in cash flow.
