Alfen Nv (ALFNF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

The conference call will start shortly. Hello, welcome to the Alphen 2026 Q1 results conference call hosted by Michael Kolijn, CEO and Onno Krab, CFO. For the first part of this call, all participants will be in listen only mode and afterwards there will be a question and answer session. If you wish to ask a question, please press pound key 5 on your telephone keypad. I would now like to hand the call over to Michael Kolijn. Mr. Kolijn, please go ahead. Thank you, Bart Jan. Good morning, everybody, and welcome to Alphen's 2026 Q1 earnings call. Thank you all for taking the time to join us. I'm Michael Cullen, CEO of Alphen, and I'm delighted to be leading this trading update with you today. Joining me is Arnold Krupp, our Chief Financial Officer, who will walk you through our financial performance later on in this presentation. Today's agenda is structured to give you a comprehensive view of developments during the first quarter of 2026. I'll begin with the highlights. We'll then dive into each of our three business lines. Honor will follow with our financials. I'll then outline advancements on the transformation. And we will conclude with our outlook before opening the floor for your questions during our Q&A. I'm pleased to report that Alphen delivered a good start to 2026 with total revenue reaching 129.7 million in the first quarter, representing a 25% increase compared to Q1 2025. This is primarily driven by energy storage and smart grids project business. Looking at group gross margins, our adjusted gross margin was 34 million, representing a 3 million absolute increase compared to 31 million in Q1-25. The lower group margin percentage represents the business line mix shift towards energy storage systems. We deliver a solid adjusted EBITDA with absolute and marg...