CSE Global (544) Q3 2024 TU earnings summary

Executive summary

• 3Q2024 revenue rose 15.4% YoY to S$213.9m, with growth across all business segments and geographical regions; 9M2024 revenue increased 20.2% to S$642.8m.

• Order intake fell 37.7% YoY to S$186.7m in 3Q2024; the order book was S$633.6m at 30 September 2024.

Financial highlights

• 3Q2024 revenue was S$213.9m versus S$185.4m in 3Q2023; 9M2024 revenue was S$642.8m versus S$534.7m in 9M2023.

• 3Q order intake declined 37.7% YoY to S$186.7m; 9M intake fell 18.1% YoY to S$565.4m.

Outlook and guidance

• FY2024 objective is healthy financial performance, with continued focus on Electrification and Communications amid macroeconomic volatility and uncertainty.

• Priorities include expanding engineering capabilities and technology solutions for urbanization, electrification and decarbonisation opportunities.