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    ABN   NL0011540547

ABN AMRO BANK N.V.

(ABN)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Dutch energy storage firm Alfen plans share listing in 2018 - sources

12/18/2017 | 10:42am EDT

LONDON/AMSTERDAM (Reuters) - Dutch energy storage systems group Alfen is planning a share market listing in Amsterdam in the first half of 2018, hoping to benefit from surging demand for its large batteries and electronic vehicle charging stations, people close to the matter said.

The company's owner, investment firm Infestos, is working with ABN Amro (>> ABN AMRO Group) and Barclays (>> Barclays) to organise the flotation as global coordinators, they added.

The firm may be valued at 500 to 600 million euros (£440.6-528.6 million) in a flotation, one of the people said.

Infestos, Alfen and the banks declined to comment or were not immediately available for comment.

Alfen, founded in 1937 as a maker of high- and low-voltage equipment, diversified into electronic car charging stations in 2007 and into large-scale batteries in 2013. The energy storage systems provide utilities with a means to help balance supplies from intermittent solar and wind power production.

Alfen was part of construction group TBI from 1971, which sold the company to Infestos in 2014.

According to an undated page on Infestos's website, Alfen has 250 employees and about 100 million euros in annual revenue.

According to documents from the Dutch chamber of commerce, Alfen had earnings before interest and taxes of 2.2 million euros and a net profit of 1.6 million in 2016.

(Reporting by Dasha Afanasieva and Bart Meijer; Editing by Greg Mahlich)

By Dasha Afanasieva and Bart H. Meijer

Stocks treated in this article : Barclays, ABN AMRO Group

ę Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
ABN AMRO BANK N.V. 0.87% 10.006 Real-time Quote.24.76%
ALFEN N.V. 4.35% 93.65 Real-time Quote.13.38%
BARCLAYS PLC 1.26% 178.58 Delayed Quote.21.93%
FIRST SOLAR, INC. -0.14% 92.21 Delayed Quote.-6.78%
JUST GROUP PLC -0.90% 98.8 Delayed Quote.41.34%
ONE STOP SYSTEMS, INC. -7.19% 5.81 Delayed Quote.45.25%
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Financials
Sales 2021 7 324 M 8 667 M 8 667 M
Net income 2021 471 M 557 M 557 M
Net Debt 2021 - - -
P/E ratio 2021 18,8x
Yield 2021 6,14%
Capitalization 9 406 M 11 132 M 11 130 M
Capi. / Sales 2021 1,28x
Capi. / Sales 2022 1,29x
Nbr of Employees 19 417
Free-Float 46,9%
Chart ABN AMRO BANK N.V.
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ABN AMRO Bank N.V. Technical Analysis Chart | ABN | NL0011540547 | MarketScreener
Technical analysis trends ABN AMRO BANK N.V.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 10,01 €
Average target price 11,38 €
Spread / Average Target 13,7%
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Managers and Directors
Robert Swaak Chairman-Executive Board & Chief Executive Officer
Lars Kramer Chief Financial Officer
Tom de Swaan Chairman-Supervisory Board
Christian Bornfeld Chief Innovation & Technology Officer
Jurgen Stegmann Member-Supervisory Board
Sector and Competitors