ALFEN: No surprises for FY23, all eyes on 2024
Alfen has published FY23 numbers (EUR504.5m top line, 11.3% EBITDA) in line with the guidance provided in Q3 2023 and consensus figures (EUR502.5m, 11.2% EBITDA, vs BGe EUR500.0m, 11.0% EBITDA). FY24 guidance indicates good visibility on the top line and sustained momentum across all business linesAlfen 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.
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