Ceres Power Holdings (GB:CWR) has released an update.
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Ceres Power Holdings has reported a stellar interim financial performance for the first half of 2024, with revenue soaring by 144% and gross profit up by 217%, indicating strong operational leverage and a robust growth strategy. The company has secured major licensing deals with global partners like Delta and Denso, expanding into new markets like India and advancing its clean energy technology for fuel cells and green hydrogen production. Moreover, Ceres has re-confirmed its upgraded revenue guidance for the year, expecting to achieve a 15% reduction in overall expenditure to maintain its competitive edge.
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