Alfen

Alfen reported revenue growth of 23.6% to EUR 261.5m in the first half of 2026 and an adjusted EBITDA of EUR 16.4m; the net cash position rose to EUR 6.2m. Strong growth came from Energy Storage Systems (+88%), while the EV-charging business shrank by 17% due to portfolio renewal. Management confirmed the full-year forecast (revenue EUR 435–475m, adjusted EBITDA margin 4–7%) but expects a weaker second half and higher personnel costs. After the results the share price fell sharply as investors weighed the continued weakness in EV charging and the muted outlook. » Altro su de.investing.com

Alfen's share dropped about 5.2% after interim CFO Onno Krap announced his departure. The company stresses the change is not related to its financial position and plans to name a new interim CFO later this week. Analysts warn the leadership change could cause short-term uncertainty, while Alfen continues to suffer from competitive pressure and project volatility in its core markets such as charging infrastructure and energy storage. » Altro su de.investing.com

Jefferies upgraded Alfen and expects the company to benefit from an accelerated energy transition and measures to address grid bottlenecks. Smart Grids Solutions accounts for 43% of forecasted 2025 revenues and should benefit from accelerated permitting processes and annual increases in substation installations. The energy storage solutions segment recorded revenue growth of 145% and order intake rose by almost 60%, while EV Charging is focusing on portfolio simplification and geographic expansion. Alfen expects 2026 to be a year of transformation, forecasts net debt of €24.9m (1.0x EBITDA), and Jefferies has substantially raised its 2026–2028 EBITDA estimates with a prospect of nearly doubled EBITDA margins by 2030. » Altro su de.investing.com