Singapore Technologies Engineering (S63) Q3 2024 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2024 TU earnings summary
13 Jun, 2025Executive summary
Group revenue for 9M2024 reached $8.3b, up 14% year-over-year, driven by strong growth in Defence & Public Security (DPS) and Commercial Aerospace (CA); Urban Solutions & Satcom (USS) was flat.
Order book remains robust at $26.9b as of 30 Sep 2024, with $8.3b in new contracts secured during 9M2024.
3Q2024 interim dividend declared at 4 cents per share.
Financial highlights
3Q2024 revenue was $2.78b, up 14% from 3Q2023.
DPS revenue for 9M2024 grew 18% year-over-year to $3.6b; CA revenue rose 16% to $3.3b; USS revenue was stable at $1.4b.
$2.2b in new contracts won in 3Q2024.
Outlook and guidance
Management highlights continued strong demand in DPS and CA, with CA expanding hangar capacity by 30% from 2026 and preparing for increased LEAP engine maintenance.
Satcom segment focusing on sales capture and new product launches, including Intuition 1.0 in Sep 2024.
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