GE Confirms Outlook For Continued Double Digit Revenue Growth In Global Regions At Investor Meeting

GE [NYSE: GE] will hold today an investor meeting to present its global outlook and long-term global growth plans. In advance of the meeting, GE Vice Chairman John Rice confirmed GE’s 2012 outlook and expectations for continued double-digit revenue growth in its global growth regions in 2012 and 2013.

“GE has doubled revenues in twenty-seven countries in five years and our global revenue has expanded to more than 55% of our total industrial revenues. Approximately 66% of our record $200 billion backlog comes from global markets and over half from the growth regions,” Rice said. “We have established a significant foundation for continued growth, not only in the BRIC countries, but also in markets positioned for the next generation of growth. By 2025, these growth markets will constitute 50% of world GDP.”

At the meeting Mr. Rice will discuss GE’s double-digit revenue growth across the global growth markets. GE anticipates 20-25% growth in Resource Rich regions such as Latin America, Australia & New Zealand, the Middle East and Africa. GE expects 10-15% growth in Rising Asia - China, India and the Association of Southeast Asian Nations (ASEAN). In 2011, GE’s revenue grew in China by 29%, in Latin America by 36%, in Sub-Saharan Africa by 14%, and in Australia & New Zealand, by 67%.

"We are continuing to invest in size and scale to optimize GE’s global and local capabilities,” said Mr. Rice. “We have a strong, balanced business portfolio geared to accelerate with an improving global economy. We are building competitive advantages to drive organic growth and margin expansion across our businesses.

“The world needs more power, transportation, healthcare services, clean water and financing to meet the needs of growing populations and an emerging middle class,” Rice said. “GE has the solutions to capitalize on this long-term growth dynamic through its technology leadership, geographic scale, services, and balanced capital allocation. This will drive our future in higher margin industrial businesses in these growth markets.”

Mr. Rice confirmed GE’s 2012 total company framework of double-digit earnings growth from its Industrial and Capital segments. GE’s total company results are being driven by strong organic revenue growth in its Infrastructure businesses, improvements in GE Capital’s real estate portfolio and growth from GE Capital’s higher margin businesses. Mr. Rice also confirmed GE’s total company framework of increasing margins by approximately 50 basis points in 2012 and to providing dividend growth to shareholders in line with earnings.

At the investor meeting, GE regional CEOs from Latin America, China, Australia & New Zealand, the Middle East, and Africa will present their outlook for GE’s businesses in their markets. They will discuss opportunities where GE is especially well positioned to succeed: distributed power; mining; oil and gas; rural and remote healthcare; transportation; and opportunities from promising new partnerships.

Webcast Information

The GE Global Growth Investor Meeting event will be webcast live beginning at approximately 7:00 a.m. Eastern. GE invites investors and the media to view the live webcast and slides from the event at The webcast also will be available for replay and the slides will be archived.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at

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