UPDATE 1-Dutch energy storage firm Alfen plans IPO [Reuters]
Barclays PLC (BCS)
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Source: Reuters
UPDATE 1-Dutch energy storage firm Alfen plans IPO | Reuters Reuters Staff 2 Min Read (Updates with details; CEO remarks) AMSTERDAM, March 1 (Reuters) - Dutch energy storage firm Alfen Beheer BV said on Thursday it intended to seek an initial public offering of shares on the Amsterdam Euronext stock exchange. Alfen designs and sells energy storage systems, smart grids and electrical car charging equipment. The company did not say what percentage of shares investment firm Investos, its sole owner, intends to float. CEO Marco Roeleveld told reporters it was possible Investos would sell a stake of more than 50 percent “depending on demand.” Alfen said it had 74 million euros in revenues in 2017 and expects revenues of more than 99 million euros in 2018. Alfen also said its book value is 6.8 million euros. “We are targeting annual compound sales growth of 40 percent,” Roeleveld said on a conference call. Roeleveld said the company is profitable, but would not disclose its full profit and
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