Alfen : More clarity on new business plan, strategy, financing by end of year
>24H1 results better than consensus, but weaker than AAOB forecast - Revenue in 24H1 was up 10% y-o-y to € 245.7m (consensus € 239.6m) with- EV Charging revenue was up 1% y-o-y to € 80.1m (consensus € 78.4m), implying Q2 was € 40.8m, after Q1 of € 39.3m.- Smart Grid Solutions revenue grew by 9% y-o-y to € 93.5m (consensus € 99.0m), implying Q2 of € 38.6m after Q1 of € 54.9m.- Energy Storage Systems revenue up 23% y-o-y to € 72.2m (consensus € 62.2m), im...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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