Ge Aviation s'en sort plutôt bien au Q1 2009 !
L'article du Cincinnati BizJournal :
GE Aviation posted strong, double-digit gains in revenue and operating profit during the first quarter, helping to offset weakness in other General Electric Co. business units.
The parent company announced earnings per share of 26 cents for the three months that ended March 31, down 40 percent from the same period in 2008.
Total earnings of $2.8 billion were off 35 percent.
Cash flow was down 42 percent, mostly because GE Capital did not pay the parent corporation a dividend this year.
Excluding GE Capital's $1.1 billion dividend in the first quarter of 2008, cash flow in the
latest quarter from its industrial and media businesses was down 24 percent to $2.8 billion from $3.8 billion.
Jeff Immelt, GE's chairman and CEO, said results were consistent with its outlook presented to investors on March 19 and last December.
"Amid a continued weak economy, we're performing well and our backlog remains strong," he said in a statement.
Revenue at Evendale-based GE Aviation, the world's largest maker of jet engines, increased 12 percent to $4.8 billion. That included 12 percent growth in equipment revenue and 11 percent in services. It logged $5.5 billion in total orders, including $1.5 billion in military orders. Segment profit soared 39 percent to $1.1 billion, boosted by favorable prices, cost cutting, and unspecified gains related to mergers and acquisitions activities.
Results at GE's health care and transportation businesses were lower, as were revenue and profits at NBC Universal. Its energy infrastructure segment, including its energy and oil
& gas units, posted a 19 percent gain in operating profit on 7 percent higher revenues. GE's stock (NYSE: GE) was at $12.19, off 8 cents, shortly before noon.