Ceres Power Holdings PLC apppoints former McLaren tech chief as new CTO proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
strategic partnerships continue to deliver commercial GROWTH Ceres Power Holdings plc ( Ceres Power , Ceres , the Company or the Group ) (AIM: CWR.L), a global leader in fuel cell and electrochemical technology, announces its final results for the 18 months ended 31 December 2020. Financial highlights · Strong progress on major contracts has driven an increase in revenue and other operating income to £33.0m for the 18 months ended 31 December 2020 (12 months ended 30 June 2019: £16.4m) · On a comparable calendar year basis, revenue and other operating income for the 12 months ended 31 December 2020 (CY2020) has increased 15% to £21.9m (12 months ended 31 December 2019 (CY2019): £19.1m) · Increased gross profit of £2 1.3 m for the 18 months ended 31 December 2020 (1
17 February 2021 | 08:29am
StockMarketWire.com - Fuel cell technology company Ceres Power expected revenue and other operating income to top market expectations following strong commercial progress following significant investments by Bosch and Weichai.
For the 18 months ended 31 December 2020, which will be released on Thursday 18 March 2021, Revenue and other operating income would be around £32-33 million, above market expectations, the company said.
The order book and pipeline were £54 million and £44 million respectively at 31 December 2020, compared to £22 million and £50 million at 31 December 2019.
Bosch was now preparing to scale up to mass manufacture and targeting production capacity of 200MW in 2024.
Weichai continued its bus trials employing Ceres SteelCell due to complete in H1 2021 as a key step towards establishing a joint venture between Weichai and Ceres in China in mid-2021, the company said.
Investegate |Ceres Power Holdings Announcements | Ceres Power Holdings: Trading Update investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.