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Alfen N.V. ( OTCPK:ALFNF ) Q3 2024 Earnings Conference Call November 7, 2024 3:00 AM ET Company Participants Marco Roeleveld - Chief Executive Officer Michelle Lesh - Chief Commercial Officer Onno Krap - Chief Financial Officer Conference Call Participants Nikita Lal - Deutsche Bank David Kerstens - Jefferies Ruben Devos - Kepler Cheuvreux Thijs Berkelder - ABN AMRO ODDO BHF Thibault Leneeuw - KBC Securities Jeremy Kincaid - Van Lanschot Kempen James Carmichael - Berenberg Maarten Verbeek - The Idea Operator Hello.
And welcome to the Alfen Q3 2024 Results Call. My name is Saskia, and I will be your coordinator for today’s event. Please note this call is being recorded.
For the duration of the call your lines will be on listen-only. However, you will have the opportunity to ask questions at the end. [Operator Instructions] I will now hand you over to CEO, Marco Roeleveld, to begin today’s conference.
Please go ahead. Marco Roeleveld Good morning. And welcome to this webcast regarding the third quarter of 2024 results of Alfen.
We appreciate the fact that you’ve taken effort to participate. And as indicated by the moderator, Saskia, this webcast and the questions that may come forward are handled by the management board of Alfen being Michelle Lesh, CCO; Onno Krap, CFO; and myself, Marco Roeleveld, CEO. And as said, firstly we will start with the highlights of the first of these three quarters, followed by short review provisions line.
Next, we will go in more detail regarding our financials and outlook. We continue with Slide 3 with the highlights of the third quarter of 2024. In line with the updated guidance, in the third quarter of 2024, revenue decreased by 22% towards €106.
2 million, which was mainly driven by lower Energy Storage revenue. Due to a positive one-off timing effect in margin recognition in Energy Storage, the gross.
