CSE Global bags $204.4m worth of new orders in Q2 2024

The electrification segment secured 45.4% of the total orders.

CSE Global has secured $204.4m in new orders in Q2 2024, a 9.8% quarter-on-quarter (QoQ) increase from the $186.2m in new orders recorded in Q1.

The new orders closed CSE Global’s order book for H1 2024 to $692.3m, a 32.7% year-on-year (YoY) rise.

The new orders include $18.0m in acquisitions for the communications business and a $14.0m major multi-year maintenance contract for the automation business solutions.

In addition, the electrification business segment secured $92.7m in new orders, representing 45.4% of the total order intake for the quarter.

Excluding the impact of one-off contracts secured in Q2 2023, the company's new orders grew by 2.5% YoY.