(CercleFinance.com) – GE Vernova plans to generate organic growth of around 5% and free cash flow of $1.2 billion to $1.8 billion next year, announced GE’s energy subsidiary this Wednesday.
These forecasts for 2025 were released in a press release published ahead of its first investor day, which is being held today in New York.
For the 2024 financial year, Vernova says it is targeting free cash flow of between $700 million and $1.1 billion, for an expected turnover of between $34 and $35 billion.
The American group explains that it intends to take advantage of the energy transition and the decarbonization of the economy in order to increase its operating margin in the years to come.
Its adjusted Ebitda margin, expected a little above 5% this year, should therefore approach the 10% mark next year before reaching it in 2028, according to forecasts provided today.
GE Vernova is due to go public as an independent company on April 2, with a first official listing on the New York Stock Exchange.
Following this split, the shares of the industrial conglomerate GE will automatically be transformed into GE Aerospace securities, the remaining company dedicated to aerospace activities.
Following these announcements, GE shares listed on Wall Street rose 1.2% on Wednesday morning, outperforming an S&P 500 index up only 0.5%.
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