GE Vernova: confirms financial forecasts for 2024

(CercleFinance.com) - GE Vernova confirms its financial forecasts for 2024, with sales expected to be in the high $34bn-35bn range, an adjusted EBITDA margin of 5%-7% and free cash flow of $1.
3bn-$1.7bn. NB: pmt flat.

The Energy segment will also increase its capacity to deliver 70 to 80 heavy gas turbine units per year from 2026, compared with a recent average of around 55 deliveries per year.

Due to strong demand for grid equipment, GE Vernova expects backlog for electrification equipment to more than triple by end-2024, compared with backlog of $6.4bn at end-2022.


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