Report

Alfen : 1Q21 preview (12 May)

>1Q21 consensus relatively cautious, especially on EV charging - Company-compiled consensus (only 3 analysts, table next page) is relatively cautious on top line growth, especially on EV charging, in our view. Consensus aims for 12% top-line growth, but excluding our estimate only 5% top-line growth. The street (two analysts) is relatively conservative on all three segments, but we especially disagree with the outlook for EV charging. While we forecast 50% growth, con...
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
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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