GE HealthCare Forecasts FY24 Organic Revenue Growth Of Approximately 4% YoY, Adjusted EBIT Margin Of 15.6%-15.9%, Reflecting An Expansion Of 50 To 80 Basis Points Versus 2023 Margin Of 15.1%
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GE HealthCare projects a 4% year-over-year organic revenue growth for FY24, with an adjusted EBIT margin between 15.6% and 15.9%, indicating a 50 to 80 basis point improvement over the 2023 margin of 15.1%.
February 06, 2024 | 11:24 am
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GE HealthCare forecasts a 4% YoY organic revenue growth for FY24 and an adjusted EBIT margin increase to 15.6%-15.9% from 15.1% in 2023.
The positive forecast for organic revenue growth and an improved EBIT margin for FY24 suggests a strong financial outlook for GE HealthCare. This is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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