Alfen Nv (ALFNF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, welcome to the ALPHA 2025 Half Year Results Conference Call, hosted by Marco Ruhlefeld, CEO, and Ono Kraut, 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 five on your telephone keypad. I would now like to hand the call over to Marco Ruhleveld. Mr. Ruhleveld, please go ahead. Thank you. And good morning and welcome to this webinar regarding the 2025 first off-year trading update of Alphen. We appreciate the fact that you have taken the effort to participate. As indicated by the moderator, this webcast and the questions that may come forward are handled by the management board of Alphen, being Onno Krupp, CFO, and myself, Marco Rulleveld, CEO. In this webcast, we will start with the highlights of the first half year of 2025, followed by a short review of the business line. Next, we will go in more detail regarding our financials and outlook. We continue with slide four with the highlights of the first half of 2025. In the first half year, we realized €211.5 million in revenue. This represents a 13.9% reduction compared to the first half year of 2024. It was mainly driven by low revenues in energy storage systems and EV charging. The overall gross margins was 29.1% of revenue compared to 22.3% of revenue the first half year of 2024. Please note that 2024 gross margin was impacted by moisture issue provisions. As a percentage of revenue, the adjusted EBITDA improved from 5.5% to 6.2% as a result of cost saving measures. Personnel costs decreased by 9.8% and other OPEX decreased with 18.3%, showing that the cost reduction measures have been effective. We reiterate our 2025 guidance as communicated at the Q1 trading...