Nieke Roos
28 August

Alfen reports H1-2019 revenues of 61.6 million euros, a 50 percent rise versus H1-2018. Adjusted net profit grew to 1.4 million euros. Supported by a strong market outlook, important new client wins and a strong backlog and projects pipeline, the energy solutions specialist from Almere is on track to deliver on its full-year revenue outlook of 135-145 million euros.

Credit: Alfen

“We’re looking back at a successful first half-year of 2019, with continued market growth driven by the energy transition and continued internationalization of our business,” Alfen CEO Marco Roeleveld comments. “Smart grids continued to benefit from the step-up in grid investments as well as fast growth of the solar PV market. Our EV charging business line benefits from an accelerating uptake of EVs and we’ve gained market share by welcoming new important clients. Although the nascent energy storage market continued to be impacted by challenging business cases in the first half-year, we’ve seen orders picking up recently.”