REG - Ceres Power Holdings - Updated timing of Full Year Results

Ceres Power HoldingsAnnouncement

14/03/2024 07:00

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RNS Number : 7828G  Ceres Power Holdings plc  14 March 2024

CWR.L

 

14 March 2024

 

Ceres Power Holdings plc

("Ceres", the "Company")

 

Updated timing of Full Year Results

 

Ceres Power Holdings plc (CWR.L), a leading developer of clean energy
technology, has been informed by its auditor, BDO, that it requires more time
to complete its audit process.

 

The Company expects to make adjustments that principally relate to the timing
of recognition of revenue from long term contracts.  The outcome is expected
to be a modest increase in revenue in 2023 relative to the £21-22 million
guidance previously provided, and decreases in revenue in prior years.

 

The announcement of full year results for the year ended 31 December 2023, due
on 20 March 2024, is expected to be delayed for a short period of time whilst
the auditor completes its procedures.  A revised date for the publication of
these results will be announced in due course.

 

 

Ends

 

 

 

For further information visit www.ceres.tech (http://www.ceres.tech/)  or
contact:

 

 Ceres Power Holdings plc

 Elizabeth Skerritt                Tel: +44(0)7932 023 283

                                   Email: elizabeth.skerritt@cerespower.com

 FTI Consulting (Financial PR)     Tel: +44 (0)203 727 1000

 Dwight Burden / Ben Brewerton     Email: ceres_power@fticonsulting.com (mailto:Ceres_power@fticonsulting.com)

 

About Ceres

Ceres is a leading developer of clean energy technology: electrolysis for the
creation of green hydrogen and fuel cells for power generation. Its
asset-light, licensing model has seen it establish partnerships with some of
the world's largest companies, such as Bosch, Doosan, Delta and
Weichai. Ceres' solid oxide technology supports greater electrification of
our energy systems and produces green hydrogen at high-efficiencies as a
route to decarbonise emissions-intensive industries such as steelmaking,
cement and future fuels. Ceres is listed on the London Stock
Exchange ("LSE") (LSE: CWR) and is classified by the LSE Green Economy Mark,
which recognises listed companies that derive more than 50% of their activity
from the green economy. Read more on our website www.ceres.tech
(http://www.ceres.tech) or follow us on LinkedIn
(https://www.linkedin.com/company/ceres-power/) .

 

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