- Business
- Alfen N.V. (ALFEN.AS) designs, develops, produces and sells smart grid solutions, energy storage systems and EV charging equipment; smart grid solutions include secondary transformer substations, grid automation devices, proprietary back-end systems for remote grid management and control, micro-grids, grid connections and supplementary systems for greenhouse horticulture, EV fast-charging hubs and solar PV farms; energy storage systems comprise modular stationary and mobile battery solutions such as TheBattery Elements, Mobile-X and containerised 20-foot systems for load balancing, peak shaving, grid frequency control, energy trading and ancillary services; EV charging equipment encompasses smart connected chargers for home, office and public use including Eve Single, Twin and premium series with load balancing, an online management platform and the forthcoming Eve Install app; founded in 1937 and headquartered in Almere, the Netherlands, the company operates primarily in the Netherlands, Belgium, Germany, Finland, France, Italy, Norway, Poland, Spain, Sweden, the United Kingdom, Denmark and other European markets through subsidiaries including Alfen Elkamo and sales offices. Alfen reports H1 2025 revenue of €211.5 million, down 13.9% from H1 2024 amid challenging conditions including EV charging competition, grid operator delays and battery price declines, with adjusted EBITDA of €13.0 million at 6.1% margin supported by 9.8% lower personnel costs and 18.3% reduced operating expenses following right-sizing; recent commercial wins feature strengthened partnerships with Libra Energy and Cebeo for EV chargers, Indigo and Norlys deployments, a 20MW/40MWh BESS for Oulun Energia, Mobile-X sales to Greener, transformer stations for Liander's Alkmaar Energy Hub pilot and Belectric's 200MWp Eekerpolder solar park; innovations include SF6-free substation certifications, quieter inverters for TheBattery Elements, higher-density containerised ESS and Belgian-specific Twin 5 Plus chargers; Alfen announces Michael Colijn as new CEO effective October 1, 2025 succeeding Marco Roeleveld, reiterates 2025 guidance of €430-480 million revenue, 5-8% adjusted EBITDA margin and <4% CAPEX/revenue, and tempers 2026 outlook to 0-5% revenue growth with 5-8% EBITDA margin.