Lightning Strikes Twice For CER Group

cer group LIMITED

Media Release
1 November 2007

Lightning Strikes Twice For CER Group

• A 600% increase in sales revenue holds CER Group’s place on the Deloitte/Unlimited Fast 50 list for the second consecutive year as the country’s 13th fastest growing company.
• Few companies sustain their performance once featured on the list
• CER Group also clinched the regional award for Fastest Growing Technology Company

CER Group (NZX: CER) joins just a handful of companies in the Deloitte/Unlimited Fast 50 list to make a return appearance in the annual awards last night with a 600% increase in sales revenue for the 2004 – 2006 sales period.

David Warrick, Managing Director, CER Group Limited, says holding the number 13 spot on the list is a real recognition of the sustainability of the company’s growth.

“The ability to sustain our spot on the Fast 50 list demonstrates that our aggressive growth and acquisition strategy is working. It was particularly pleasing to top this off with the Fastest Growing Technology Business Award last night.

“Our focus on environmentally sustainable businesses with unique products continues to return positive growth domestically with the NZ Nature company, and this is complemented by an upswing in growth in the international markets through the Certified Organics business.”

“Further good news is that sales growth is continuing strongly this year with Group sales to the third quarter up 23%.”

Recent announcements showed that the Certified Organics business continues to deliver, growing 25% in the third quarter after receiving initial commercial agricultural registration in Australia. This has allowed it entry to the Australian viticultural industry with its unique pine extract-based BioWeed Control herbicide.

CER Group expects continued uplift in its performance with the recent purchase of Australian sustainable environmental management company, Vital Resource Management, which specialises in microbial products to treat soil and water. The company made its first sales contribution to the Group in September this year.

- Ends -

© Scoop Media