Alfen Nv (ALFNF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the ALFON 2025 Q1 Trading Update Call. Today's call is being recorded. For the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions at the end. This can be done by pressing star 1 on your telephone keypad. I will now hand you over to CEO Marco Rölleveld to begin today's conference. Please go ahead, sir. Thank you, Saskia. Good morning and welcome to this webcast regarding the 2025 first quarter trading update of Alphen. We appreciate the fact that you have taken the effort to participate. This webcast and the questions that may come forward are handled by the management board of Alphen, Dean Onno Krupp, CFO, and myself, Marco Rulleveld, CEO. In this webcast, we will start with the highlights of the first quarter of this year, followed by a short review per business line. Next, we will go in more detail regarding our financials and outlook. Continuous with slide four with the highlights of the first quarter of 2025. In this first quarter, we realized 103.8 million euros in revenues. This represents a decline of 8.3% compared to the same period last year. The decline was driven by EV charging and for a smaller part to energy storage solutions. 27% lower EV charging revenue mainly related to a weak home market and a temporary low number of charging stations delivered for public applications. Any storage system revenue was 8% lower due to last year price declines impacting this year revenue. The overall gross margin was 29.8% compared to 32% in the same quarter last year. The main driver of this aspect was the lower share of EV charging in the revenue mix. As a percentage of revenue, the adjusted EBITDA declined from 8.2% the first quarter of last year to 5.3% the same quarter this year. Wit...