Rewind a month or two and the market was evidently concerned, but this perception has and (we think) will continue to improve following today’s results, which details not only a solid H1, but also very exciting prospects, as per a very strong back-order book (+23% y/y as of Apr-25) which includes the first part of a potentially record expansion. Indeed, such are CER’s opportunities, we’re starting to consider FY25 outperformance and better than expected visibility looking into FY26. CER is a quality business, with plenty more in the tank.
