Sales forecast 2025

Charging station manufacturer Alfen expects revenue decline due to weaker market conditions

Alfen verwacht dat de winstmarge dit jaar afzwakt tot een bandbreedte van 5 tot 8 procent.

Alfen, manufacturer of charging stations and other grid systems, has lowered its revenue forecast for the whole of 2025. According to the company, this is due to weaker market conditions, especially in the market for electric car charging systems. The company is also counting on a bigger contraction in its profit margin than initially thought.

Revenue went down by more than 11 per cent to 103.8 million euros in the first quarter of this year, with sales of charging systems plunging by almost 27 per cent. Sales of electricity storage systems went down 8.3 per cent. Operating profit fell to 5.5 million euros, from 9.6 million euros in the first quarter of last year.

Contraction of profit margin

The company expects the profit margin to soften to a range of 5 to 8 per cent this year. Earlier, Alfen assumed “a high single-digit” rate. Sales are expected to come in between 430 million and 480 million euros this year. In February, Alfen was still assuming sales between €445 million and €505 million.

“Delays in the energy transition continue to put pressure on our business activities,” states the Almere-based company. In its charging systems business unit, Alfen is experiencing “increasing competition in the home market.”

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This article was automatically translated from the Dutch language original to English (British).

Author: Nina Koelewijn

Source: MobilityEnergy.com

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