GE Q1 takes a hit due to coronavirus, plans to mitigate further impact on global supply chain

General Electric expects a return to positive free cash flow for its power division in 2021, following years of negative numbers.

GE expects a negative impact of $300m to $500m to its overall industrial segment’s Q1 2020 free cash flow due to the coronavirus as well as a $200m to $300m hit to Q1 operating profits, with the brunt of the impact felt by the aviation division.

The company declined to estimate coronavirus impacts beyond Q1. Mitigating any further impact of the epidemic on its global supply chain will be a top priority for the renewable energy division in 2020.

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