(Reuters) – General Electric Co cut its full-year free cash flow forecast on Tuesday, as the U.S. industrial conglomerate expects little relief from the global supply-chain disruptions and inflationary pressures that hit its first-half results.
“Working capital will be pressured as GE protects customers from the impact of supply chain challenges, as well as Renewable Energy-related orders,” the company said.
The pressure will see about $1 billion of free cash flow pushed “into the future”, GE added.
The Boston-based company had said earlier this year it expects 2022 free cash flow of $5.5 billion to $6.5 billion.
(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Sriraj Kalluvila)
