Netherlands · Delayed Price · Currency is EUR Alfen Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 revenue grew 25% year-over-year, driven by Energy Storage and Smart Grid Solutions, while EV Charging declined but saw margin improvement. Full-year guidance is reiterated, with transformation initiatives and new product rollouts expected to support future growth.
Fiscal Year 2025
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Revenue declined 10% in 2025, but gross margin improved due to cost control and absence of one-offs. Transformation efforts are underway, with 2026 set as a pivotal year for restructuring and digitalization. Growth is expected in Smart Grid and Energy Storage, while EV Charging faces continued headwinds.
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Q3 2025 revenue declined 2% year-over-year to EUR 104.1 million, with gross margin at 28.7% and adjusted EBITDA margin at 6.7%. Cost reductions offset revenue headwinds, and full-year guidance is reiterated at the lower end of the range.
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H1 2025 saw a 13.9% revenue decline, but gross margin improved to 29.1% due to cost controls. Guidance for 2025 is maintained, but 2026 growth expectations are lowered amid ongoing market challenges and competitive pressures.
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Q1 2025 revenue fell 8.3% year-over-year to EUR 103.8 million, with gross margin and EBITDA margin also declining due to weaker EV charging and energy storage sales. Full-year guidance was lowered, and further cost reductions are planned, but long-term growth expectations remain positive.
Fiscal Year 2024
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2024 revenue reached EUR 487.6 million, with adjusted EBITDA margin at 5.8% and positive free cash flow. Strategic focus shifted to core markets, cost base was reduced, and DC charging discontinued. 2025 outlook targets EUR 445–505 million revenue, high single-digit EBITDA margin, and continued positive cash flow.
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Q3 2024 revenue fell 22% year-over-year, mainly due to weak energy storage and EV charging segments, while gross margin improved from a one-off effect. Cost-saving and restructuring measures are underway, with 2024 revenue guidance confirmed at the lower end and limited growth expected for 2025.
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Revenue grew 10% year-over-year to EUR 245.7 million, but margins and EBITDA declined due to one-off provisions and higher costs. Strategic right-sizing and cost containment are underway, with a negative net profit and a temporary bank covenant waiver in place. Full-year revenue is guided at EUR 485–520 million.
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Revenue and EBITDA guidance for 2024 have been significantly lowered due to delayed energy system deals and market headwinds, with additional one-off costs impacting profitability. Constructive talks with banks are ongoing to address a covenant breach, and strategic realignment is underway.