Courtesy of Benzinga.
GE (NYSE: GE) will hold today an investor meeting to present its global outlook and long-term global growth plans. In advance of the meeting, GE Vice Chairman John Rice confirmed GE’s 2012 outlook and expectations for continued double-digit revenue growth in its global growth regions in 2012 and 2013.
“GE has doubled revenues in twenty-seven countries in five years and our global revenue has expanded to more than 55% of our total industrial revenues. Approximately 66% of our record $200 billion backlog comes from global markets and over half from the growth regions,” Rice said. “We have established a significant foundation for continued growth, not only in the BRIC countries, but also in markets positioned for the next generation of growth. By 2025, these growth markets will constitute 50% of world GDP.”
Mr. Rice confirmed GE’s 2012 total company framework of double-digit earnings growth from its Industrial and Capital segments. GE’s total company results are being driven by strong organic revenue growth in its Infrastructure businesses, improvements in GE Capital’s real estate portfolio and growth from GE Capital’s higher margin businesses. Mr. Rice also confirmed GE’s total company framework of increasing margins by approximately 50 basis points in 2012 and to providing dividend growth to shareholders in line with earnings.
For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.
