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Alfen: driving profitable growth forward in a challenging 2020

Published on 17 February 2021, 7:30 CET
FY 2020 revenues of €189.0m, a growth of 32% compared with FY 2019 (€143.2m), driven by growth across all business lines: Smart grids (+14%), EV charging (+105%) and Energy storage (+26%).
Adjusted EBITDA of €24.4m (12.9% of revenues), up 68%versus €14.5m (10.1% of revenues) in 2019.
Adjusted net profit grew with 102% to €12.5mversus €6.2m in 2019.
Important new project and client wins, amongst which:
a 3-year framework agreement with PerPetum Energy for the supply of transformer substations for their renewable energy projects in the Netherlands;
a 3-year framework agreement with British Gas, UK's largest energy supplier, to supply EV chargers for its own business and also for customers of its parent Centrica; and

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