Report
Thijs Berkelder

Alfen : Preparing for weaker for longer

>Update on strategy and cost reduction measures: 15% job reduction - Alfen this morning publishes an update on its strategy and cost reduction measures, with three core decisions / points to mention:(1) Three business segments to remain: "Strategy validation confirms Alfen’s continued focus on its three product lines Smart Grid Solutions, Energy Storage Systems and EV Charging."(2) Outlook 2025: "Limited revenue growth is projected from 2024 to 2025 due to c...
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.

Analysts
Thijs Berkelder

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