CSE Global reports an ending order book worth $672.6 million for the FY2024 ended Dec 31, 2024, down 7.9% y-o-y from the same period a year before.
The ending order book is the total outstanding orders that the group has received but not fulfilled at the end of the specific period.
On a quarterly basis, the group secured $235.3 million new orders in 4Q2024, including an electrification contract of $90.7 million.
The group’s electrification business segment secured $139.8 million of new orders, representing about 59.4% of total order intake during the quarter. In the 4Q2024, the order intake for the electrification business segment was 31.1% y-o-y lower, mainly attributed to the absence of several major electrification projects secured in 4Q2023.
The communications business segment contributed about 23.7% of 4Q2024 total order intake, securing $55.7 million of new orders in 4Q2024 as compared to $54.3 million of new orders in 4Q2023. On a y-o-y basis, the communications business segment fell 6.9%.
CSE’s automation business segment clinched about $39.8 million of new orders in 4Q2024. Excluding the effect of a major contract related to environmental systems and equipment in the USA in 4Q2023, the automation business segment’s 4Q2024 new order intake grew 41.4% y-o-y.
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Shares in CSE Global closed flat at 46.5 cents on Feb 19.
