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GE sees industrial cash flow negative in 2019

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General Electric Co said on Tuesday it expects free cash flow from its industrial business to be negative in 2019, mainly due to continuing ...

REUTERS: General Electric Co said on Tuesday it expects free cash flow from its industrial business to be negative in 2019, mainly due to continuing weakness in its power unit.Advertisement

In January, Chief Executive Officer Larry Culp said that he expects industrial free cash flow to weaken in 2019 as it spends on restructuring in its power and renewables divisions, but will increase"substantially" in 2020 and 2021. https://reut.rs/2u05kcl

 

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