CSE Global has recorded $211.3 million of new orders in the 2QFY2025 ended June 30, representing a y-o-y growth of 3.8%.
The group says that during the quarter, there was a huge volatility in the US dollar and Australian dollar, resulting in unfavourable impact to its order intake and book order.
On a constant currency basis, the group’s order intake for the second quarter of 2025 would have reflected a y-o-y increase of 7.8% and closed at $605.2 million.
The electrification business segment secured $94.8 million of new orders in 2QFY2025 which represented about 44.9% of total order intake during the quarter. This was 5.5% higher y-o-y, mainly due to higher demand from the data centre market.
The communications business segment contributed about 34.3% of 2QFY2025 total order intake and grew 17.6% y-o-y, securing $72.4 million of new orders. A major contract was secured for the engineering design, installation, and ongoing maintenance of advanced communications networks for a major data centre, which is slated for execution from 2025 to 2028.
The automation business segment clinched about $44.1 million of new orders or 20.8% of total order intake during the quarter.
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With these new orders in 2QFY2025, the group closed 1HFY2025 with an order book of $573.8 million.
Shares in CSE Global closed 0.5 cents higher or 0.746% up at 67.5 cents on Aug 6.
