Alfen Nv · EURONEXT:ALFEN
Alfen Nv — Q3 2023 Earnings Presentation
9 slides from Alfen Nv's earnings presentation, Nov 13, 2023
Slide 1: Alfen 2023 Q3 trading update
Alfen 2023 Q3 trading update Webcast 13 November 2023 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, expect
Slide 3: Alfen's highlights of Q3 2023
Alfen’s highlights of Q3 2023 • Q3 2023 revenues amounted to €136.4m, a growth of 11% versus Q3 2022 (€123.2m). • Gross margin at 29.4% compared with 34.8% in Q3 2022 and 28.8% in Q2 2023. • Adjusted EBITDA of €17.3m (12.7% of revenues) compared with €24.5m in Q3 2022 (19.9% of revenues) and €8.4m i
Slide 4: Segmental review | EV charging equipment
Segmental review | EV charging equipment Revenues and other income (€ million) • In the EV charging equipment business line, Q3 revenues were €34.9m (-51% from €70.6m in Q3 2022). The decline was driven by lower volume as the market destocked -51% excess inventories from 2022. 70.6 • Almost all cust
Slide 5: Segmental review | Smart grid solutions
Segmental review | Smart grid solutions Revenues and other income (€ million) • In the Smart grid solutions business line, Q3 revenues were €49.9m (+41% from €35.5m +41% in Q3 2022). Both the grid operator and the private networks segment grew fast, but 49.9 private networks even doubled in revenue,
Slide 6: Segmental review | Energy storage systems
Segmental review | Energy storage systems Revenues and other income (€ million) • In the Energy storage systems business line, we triple our revenues in Q3 relative to the +201% same period last year. Q3 revenues were €51.5m (from €17.1m in Q3 2022). This revenue increase was driven by both our stat
Slide 7: Group financials
Q3 2023 revenues amounted to €136.4m, a growth of Group financials 11% versus Q3 2022 (€123.2m). This growth was driven by Smart Grid Solutions and Energy Storage Systems. Gross margin in Q3 2023 was 29.4%, compared with Revenues Y-o-y revenue growth 34.8% in Q3 2022. This is a result of a changed b
Slide 8: Outlook
Outlook • Alfen expects that the Energy Storage Systems and Smart Grid Solutions markets will continue to grow throughout 2023 as Europe’s transition to a carbon-free energy system that is not dependent on fossil fuels continues to gain momentum. • For EV Charging, 2023 is considered a bridge year a
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