Report
Paul de Froment ...
  • Sebastián Marroquin Mérida
  • Thomas Mordelle

Alfen: Fine-tuning our estimates

We take advantage of Alfen's FY23 release last week to fine-tune our revenue and margin estimates, taking into account confirmed guidance for FY24 and granularity provided per segment. Guidance for FY24 suggests good visibility on the top line and sustained momentum across all business lines, with
Underlying
Alfen NV

Alfen NV (Alfen) is a company based in the Netherlands, engaged in the design, development and production of electric grid equipment. The Company is active in three business lines: Smart Grids, which supplies standardized electricity grid connection systems, secondary transformer substations, local power grids, devices for grid automation, as well as software and back-end systems for remote management and grid control; Energy Storage, responsible for development and installation of modular energy storage systems under the brand TheBattery, which are used by utilities, grid operators, energy traders and industrial companies, among others, and Electric Vehicle (EV) Charging, which supplies EV charge points in a variety of capacities and functionalities for use at home, work and in public areas. In addition, Alfen offers service, management and maintenance activities, including remote support and monitoring, as well as an in-house technological know-how center.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Paul de Froment

Sebastián Marroquin Mérida

Thomas Mordelle

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