Alfen Nv · EURONEXT:ALFEN
Alfen Nv — Q1 2024 Earnings Presentation
10 slides from Alfen Nv's earnings presentation, May 22, 2024
Slide 1: Alfen 2024 Q1 trading update
Alfen 2024 Q1 trading update Webcast 21 May 2024 1
Slide 2: Disclaimer
Disclaimer This communication may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. These forward- looking statements may be identified by the use of forward-looking terminology, including the terms such as guidance, expec
Slide 3: Alfen's highlights of Q1 2024
Alfen’s highlights of Q1 2024 • Q1 2024 revenue amounted to €116.8m, a 3% growth versus Q1 2023 (€113.2m), driven by Smart Grid Solutions (+32%) versus Energy Storage (-8%) and EV Charging (-16%). • Gross margin stable at 32.0% compared with 32.1% in Q1 2023. Note: this gross margin excludes the one
Slide 4: Segmental review | EV charging equipment
Segmental review | EV charging equipment Revenue and other income (€ million) -16% • In the EV Charging business line, Q1 revenue were €39.3m (-16% from €47.0m in Q1 47.0 2023). Alfen continues to see quarter-on-quarter improvement in revenue (2023 Q4 was €38.6m). 39.3 • In the first quarter, approx
Slide 5: Segmental review | Smart grid solutions
Segmental review | Smart grid solutions Revenue and other income (€ million) +32% • In the Smart Grid Solutions business line, Q1 revenue were €54.9m (+32% from €41.7m in Q1 2023), with the grid operator businesses especially contributing to revenue 54.9 growth. 41.7 • Alfen continues to see a long-
Slide 6: Segmental review | Energy storage systems
Segmental review | Energy storage systems Revenue and other income (€ million) • In the Energy Storage Systems business line, Q1 revenue were €22.6m (-8% from €24.5m in Q1 2023). -8% 24.5 • The prospect for this business line remains strong. In this quarter, the volatile revenue 22.6 profile quarter
Slide 7: Group financials
Group financials Revenue Y-o-y revenue growth (€ million) (%) 144.2 30% • Q1 2024 revenue amounted to €116.8m, a 3% 136.4 113.2 110.7 116.8 growth versus Q1 2023 (€113.2m), driven by 19% Smart Grid Solutions (+32%) versus Energy 11% Storage (-8%) and EV Charging (-16%). 3% 1% • Gross margin stable a
Slide 8: Two ExCom highlights to point out
Found an interim CFO: Onno Krap Two ExCom highlights to point out Executive Committee extended with COO and CHRO 8
Slide 9: Outlook
Outlook • The transition to a carbon-free energy system that is not dependent on fossil fuels keeps on building momentum across Europe. • Alfen foresees long-term positive market developments for all of its business lines and it continues to invest in its organisation, production lines and innovatio
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