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An announcement from Southern Cross Electrical Engineering Limited ( (AU:SXE) ) is now available.
Southern Cross Electrical Engineering Limited has secured new contracts worth a combined $75 million across Western Australia, New South Wales, and the Australian Capital Territory, reinforcing its exposure to resources, data centre, logistics, and cultural infrastructure markets. The awards span ongoing electrical maintenance at CITIC Pacific’s Sino Iron Project, additional electrical packages for a hyperscale data centre in western Sydney, the main electrical and security systems for the new Canberra Lyric Theatre, and fire services for a 100,000 square metre distribution centre in south-west Sydney.
The new work further deepens SCEE Group’s relationships with key repeat clients and sites, highlighting its ability to win follow-on packages based on performance. Management framed the wins as evidence of the group’s geographic diversity and sector breadth, with multi-year construction and fit-out timelines providing a visible pipeline of work that should support earnings stability and underpin its position as a trusted contractor in complex, large-scale projects.
The most recent analyst rating on (AU:SXE) stock is a Buy with a A$2.40 price target. To see the full list of analyst forecasts on Southern Cross Electrical Engineering Limited stock, see the AU:SXE Stock Forecast page.
More about Southern Cross Electrical Engineering Limited
Southern Cross Electrical Engineering Limited (SCEE Group) operates in the electrical engineering and services industry, providing electrical construction, maintenance, communications, security, and fire services across resources, data centres, commercial, and infrastructure projects in Australia. Its subsidiaries, including SCEE Electrical, Heyday, and Force Fire, focus on large-scale industrial, commercial, and public infrastructure works for blue-chip and government clients.
Average Trading Volume: 766,578
Technical Sentiment Signal: Buy
Current Market Cap: A$696.9M
See more data about SXE stock on TipRanks’ Stock Analysis page.