CHICAGO (Reuters) – General Electric Co on Thursday said it expects an improvement in its businesses in the second half of the year despite persistent inflationary and supply chain pressures.
“We remain confident in the recovery in the second half,” Carolina Dybeck Happe, GE’s chief financial officer, told Goldman Sachs Industrials & Materials Conference.
She, however, said the company expects to burn cash in the current quarter despite an improvement in cash flow.
(Reporting by Rajesh Kumar Singh)
