CSE Global's 1Q24 orders reach $186.2m

The new orders for 1Q24 was 16.7% higher year-on-year.

CSE Global posts a 16.7% YoY growth in new orders, securing $186.2m in 1Q24 driven by stronger demand for electrification and automation solutions in the infrastructure and energy industries.

In the same period, its automation segment soared 65.4% to $51.8m from $31.3m a year ago. This growth was mainly driven by a surge in orders related to waste treatment centre expansion in the Asia Pacific region.

Its electrification segment also grew 6% to $82.9m, representing 44.5% of total order intake due to a strong pipeline of electrification projects.

Order intake was highest from the energy industry at $95m, followed by infrastructure at $75.6m, and mining and minerals at $15.6m.

The new orders brought CSE's net order book to a total of $719.3m.

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