Updated timing of Full Year Results
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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.
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