CSE Global has recorded $155.3 million new orders in the first quarter ended March 31, 2025, down 11.3% y-o-y from the $175.1 million recorded in the same period a year ago.
For the quarter, the company reported an ending order book of $616 million, down 14.4% y-o-y.
The ending order book is the total outstanding orders that the group has received but not fulfilled at the end of the specified period.
The group's order book by business segment is as follows. Its communications business segment secured $63.7 million new orders in 1QFY2025, up 20.4% y-o-y. This accounts for about 41% of the group's total order intake for the quarter.
This is attributable to a substation radio communication enhancement project secured in the Asia Pacific region and orders from recent acquisitions that have expanded the group's communications business's geographic footprint and market coverage in the USA.
The automation business, which contributes about 35.8% of total order intake for the quarter saw $55.6 million new orders, a 19.8% y-o-y increase. This is due to a large contract valued at approximately $13.1 million for a chemical injection skid primarily used in the oil and gas industry in the USA.
See also: Frasers Logistics & Commercial Trust reports 1HFY2025 DPU of 3 cents, 13.8% lower y-o-y
Meanwhile, the group's electrification business saw a 52.4% y-o-y decrease to $36.1 million new orders. This is due to the decline in orders from the municipal market, arising from the strategic shift to focus on the data centre and utility markets.
Shares in CSE Globalclosed 0.5 cents lower or 1.163% down at 42.5 cents on May 5.
