GE Vernova: The latest figures, news and market research on GE Vernova

Turnover: 33.2 billion USD (2023)

Country: United States

General Electric is a company active in the 3D printing market via its production of industrial 3D machines and printers. General Electric was originally active in the fields of energy, equipment and networks, but is now much more diversified. The Group has 36 subsidiaries in 150 countries.

News

General Electric benefits from aeronautics 25/04/2023

General Electric (GE) first-quarter global sales:

Increase of 14% to $14.5 billion.

Sales increase in aerospace division: 25%.

Renewable energies division sales down 1%.

Sales in traditional energies division up 9%.

GE first-quarter 2022 net loss: $1.1 billion.

GE first-quarter net income: $7.4 billion.

Full-year adjusted earnings per share forecast: between $1.70 and $2 (low range raised from previous forecast of $1.60 to $2).

GE share price increase before the Wall Street opening: 1.8%.

Planned separation of GE's energy and aerospace businesses: early 2024.

GE raises its guidance after a good 1st quarter 25/04/2023

Full-year earnings forecast: adjusted earnings between $1.70 and $2 per share (previously $1.60-2).

Cash flow forecast: between $3.6 billion and $4.2 billion ($200 million increase at lower end of range).

First-quarter cash flow: $102 million.

First-quarter sales: $14.49 billion (up 14% year-on-year).

FactSet analysts' consensus for first-quarter sales: $13.10 billion.

First-quarter sales for the Aeronautical Division up 25%.

First-quarter sales for the renewable energies division: down 1%.

First-quarter sales for the Energy Division: up 9%.

First-quarter adjusted earnings: 27 cents per share (versus a loss of 9 cents per share a year earlier).

FactSet consensus for first-quarter earnings: 14 cents per share.

GE shares: up 1.4% to $101.53 in reaction to the announcements.

Financial Data

DUNS: 480046895

Legal Name: GE HEALTHCARE TECHNOLOGIES FRANCE SAS

Address: 283 RUE DE LA MINIERE , 78530 BUC

Number of employees: 0 salarié (2024)

Capital: 1 988 262 458 EUR

Financial Data:

Year	2022	2021	2020	2019	2018	2017	2016
Turnover	-	-	-	-	-	-	-
Gross margin (€)	10 531	94 279	37 450	23 884	30 333	41 119	-
EBITDA (€)	-222 490	-306 799	-327 458	-216 239	-277 761	-93 644	-194 507
Operating profit (€)	-224 922	-306 799	-327 458	-216 239	-277 761	-93 644	-194 507
Net profit (€)	61 394 238	-302 465 999	92 765 686	-194 287 003	-101 660 981	214 824 648	-22 387 041
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