Plugchoice
Brief/Market//3 min read

Alfen grew 23.6 percent in H1 and its charging business shrank 17.4 percent

  • Alfen
  • Market
  • Hardware
  • Netherlands
  • Europe

Alfen published its H1 2026 results on August 18. Group revenue came in at EUR 261.5m, up 23.6 percent from EUR 211.5m a year earlier, and the three business units pulled in different directions:

| Unit | H1 2026 revenue | Change | | --- | --- | --- | | Energy Storage Systems | EUR 98.8m | +87.8% | | Smart Grid Solutions | EUR 111.6m | +14.9% | | EV Charging | EUR 51.1m | -17.4% |

The operational figure underneath the charging line is the one to note: 53,700 charge points delivered, down 12.3 percent from 61,200 in H1 2025. Group gross margin fell to 26.1 percent from 29.1 percent. EBITDA was EUR 11.0m against EUR 9.6m, adjusted EBITDA EUR 16.4m at 6.3 percent of revenue, and the half closed with a net loss of EUR 0.5m against EUR 1.3m a year earlier. Full-year guidance of EUR 435m to EUR 475m in revenue and a 4 to 7 percent adjusted EBITDA margin was reiterated.

The company is mid-reorganisation. Three business unit directors were appointed during the second quarter, headcount stood at 909 FTE at the end of June against 923 at the end of 2025, and the CFO stepped down on July 1 with an interim appointed. Alfen expects the change in organisational model to push personnel expenses up in the second half.

What a shrinking charging unit means for the estate that is already installed

Alfen is a substantial installed base in the Netherlands and beyond, and those chargers speak OCPP. A charge point that was shipped in 2022 or 2024 keeps working exactly as it did, whatever happens to the unit that sold it.

Where it does matter is planning. A site owner deciding on the next twenty chargers, or an operator weighing whether to standardise on one vendor's hardware and one vendor's back office at the same time, is making two decisions at once. Keeping them separate is the cheaper position: the hardware choice becomes a procurement question that can change per site or per year, while the platform above it stays put.

That is the whole reason Plugchoice runs on OCPP rather than on a brand. An Alfen charger sits in the same portal as any other make, and a mixed estate is managed as one estate rather than as three vendor portals side by side.

Sources: Alfen, "Alfen reports H1 2026 results in line with expectations while advancing its transformation", August 18, 2026.