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GE CFO sees improvement in company businesses in H2 -Breaking


© Reuters. An image of General Electric’s logo is shown in front of a traffic light at its plant in Birr (Switzerland), June 17, 2019. REUTERS/Arnd Wiegmann

CHICAGO, (Reuters) – General Electric (NYSE:) Co said Thursday that it anticipates a positive change in business in the second quarter of this year despite ongoing inflationary pressures and tight supply chains.

“We remain confident in the recovery in the second half,” Carolina Dybeck Happe, GE’s chief financial officer, told Goldman Sachs (NYSE:) Industrials & Materials Conference.

However, she said that the company expected to spend cash this quarter, despite an increase in cash flow.