GE Vernova: record sales and orders in Q4
(CercleFinance.com) - GE Vernova reported record sales for Q4 on Wednesday, with sustained activity accompanied by order intake also reaching historic levels.
The US energy group said it had posted net income of $484 million for the period from October to December, compared with a profit of $205m a year earlier.
EPS reached $1.73, compared with $0.72 in the same quarter last year.
The group, whose activities range from wind power to electrification, reported record quarterly sales of $10.6bn, up 5%.
Order intake reached $13.2bn, again marking an all-time high, and showing organic growth of 22%.
Looking ahead to 2025, GE Vernova confirmed its targets of sales of $36bn to $37bn, adjusted operating margin (Ebitda) of between 5% and 10%, and free cash flow of between $2bn and $2.5bn.
This compares with sales of $34.9bn in 2024, an Ebitda margin of 5.8% and FCF of $1.7bn.
In New York, GE Vernova shares were up 1.5% in PMT on Wednesday morning following this publication.
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