GE evaluating 'further portfolio actions' for GE Capital.
In slides for the company's presentation at the Electrical Products Group Conference, GE states it is "pursuing options to de-risk GE Capital" and "evaluating further portfolio actions." On GE Capital, GE also said it is "progressing well on asset reductions in Energy Financial Services & Industrial Finance" and maintaining its position in GECAS, which is "performing well." Updating on the Power segment, GE said the market is "challenged," with "services & cost critical to achieving double-digit margins." GE expects a 2018 HDGT market of about 30-34 GW, but is "planning for lower" and is planning for less than 30 GW/year in 2019 and 2020, the slides added.
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|Date:||May 23, 2018|
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