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Alfen sees revenue pick up further

(ABM FN-Dow Jones) Alfen saw its turnover rise sharply in the second quarter of this year, while the operating result was also higher. This was revealed on Friday morning from figures from the producer of charging stations for electric cars, transformers and energy storage systems.

CEO Marco Roeleveld spoke of a good first half of the year. The CEO saw that Alfen saw revenue growth accelerate in the second quarter compared to the first quarter, thanks to favorable market growth for all activities. “Our markets are less and less affected by the corona crisis, as good progress is being made with vaccination programs in Europe,” said Roeleveld.

In the past quarter, turnover rose by 33 percent on an annual basis to 61.5 million euros. Over the first six months of this year, turnover grew by 28 percent to 115.3 million euros. Energy storage revenues increased significantly by 47 percent, while revenues from electric vehicle charging increased by 68 percent.

The gross margin was 22.4 percent in the quarter compared to 16.7 percent a year earlier.

Adjusted EBITDA came in at 9.7 million euros and now accounts for 15.9 percent of revenue. A year earlier this was 5.4 million euros and 11.7 percent.

Outlook

The expectations for an annual turnover in 2021 of 225 to 250 million euros were maintained on Friday.

Bron: ABM Financial News

From Beursplein 5, the editors of ABM Financial News keep a close eye on developments on the stock exchanges, and the Amsterdam stock exchange in particular. The information in this column is not intended as professional investment advice or as a recommendation to make certain investments.

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