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General Electric logo: Enthusiastic investors
Photo: Richard Drew / AP
General Electric's demerger plans drove the industrial company's shares in pre-trading US trading Tuesday.
They jumped 17 percent.
According to a statement on Tuesday, management plans to split GE into three publicly traded companies in the coming years.
GE Aviation, GE Healthcare and a group that includes businesses related to renewable energies, energy and digitalization.
For the Siemens rival, things are currently going very well anyway. In October, the group surprised investors with a new annual target after the third quarter was better than expected. In the three months to the end of September, adjusted earnings were up 55 percent year-over-year to $ 1.3 billion, beating most analysts' predictions. However, revenues fell by just under one percent to $ 18.4 billion.
In the aviation sector in particular, the US industrial group earned significantly better thanks to strong business growth due to the industry's recovery from the corona crisis.
For the full year 2021, earnings of 1.8 to 2.1 dollars per share are expected - significantly more than the original forecasts of 1.2 to 2.0 dollars.
Above all, there is still concern that persistent supply chain problems can lead to complications.
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