Alfen : Feedback site visit (firing on all three cylinders)
>We believe Alfen will end up at the upper end of the guidance - Yesterday we had a meeting with the company and visited its production site. We believe it’s firing on all three cylinders and especially EV charging is booming. We also expect the company has managed to mitigate the pressure on its supply chain by increased scale resulting in a small positive impact on gross margin (we estimate 37%). We expect a strong 2Q21 and Alfen to end-up at least at the upper end ...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.
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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