It’s Volkswagen’s Power Day so try not to act too excited, Mercedes is cutting down on trims, and Jeep has given me a good laugh. All that and more in The Morning Shift for March 15, 2021.
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12.9%
Revenuesand other income increased by 32% from €143.2m in 2019 to €189.0m in 2020, driven by growth across all business lines: Smart grids (+14%), EV charging (+105%) and Energy storage (+26%). Alfen continued to drive its strategy and benefitted from market growth, further internationalisation, cross-selling and service.
Gross marginwas 36.7% in 2020 compared with 35.1% in 2019. Alfen benefitted from its strong market position, further leverage from increased scale, a shift towards increasingly complex solutions and favourable product mix effects within each business line.
Personnel costsincreased by 27% to €34.4m compared with €27.2m in 2019. Average FTEs increased from 464 in 2019 to 571 in 2020.
Other operating costsincreased by 21% to €11.1m compared with €9.2m in 2019.
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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HTML for this article, including the attribution and page view counter, is below: h2 To confront climate change, we need to understand the environmental footprint of global supply chains /h2 br p The a href https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal en target blank rel noopener noreferrer European Union’s Green Deal /a places environmental sustainability at the heart of future economic development and targets a climate-neutral economy by 2050. But in a world of globalised supply chains, the bloc must be careful not to outsource its environmental impact to other nations, say experts. /p