- GE (GE) expects total revenue growth of 0-5% in 2014 as the conglomerate continues to shift its focus onto its industrial business.
- GE has forecast that organic revenue at the unit will rise 4-7%, which should offset a fall at finance unit GE Capital.
- The firm targets boosting the share of profit at the industrial division to 70% of the total by 2015 from a estimated 55% this year.
- It will look to reduce expenses and improve manufacturing margins to 17% by 2016 from a projected 15.1% this year.
- GE expects to modestly increase payouts to shareholders via buybacks and dividends in 2014 from the $18B goal for this year. The company also will also look to continue making acquisition worth $1-4B, adding to the $9B in purchases in 2013. (Company presentation)
GE sees sales growth of up to 5% in 2014
Dec 19 2013, 04:09 ET