Operator

Hello. Welcome to the Alfen 2026 Q1 Results Conference Call hosted by Michael Colijn, CEO; and Onno Krap, CFO. [Operator Instructions] I would now like to hand the call over to Michael Colijn. Mr. Colijn, please go ahead.

Michael Colijn
CEO & Member of the Management Board

Thank you, Bartjan. Good morning, everybody, and welcome to Alfen's 2026 Q1 Earnings Call. Thank you all for taking the time to join us. I'm Michael Colijn, CEO of Alfen, and I'm delighted to be leading this trading update with you today. Joining me is Onno Krap, our Chief Financial Officer, who will walk you through our financial performance later on in this presentation.

Today's agenda is structured to give you a comprehensive view of developments during the first quarter of 2026. I'll begin with the highlights. We'll then dive into each of our 3 business lines. Onno will follow with our financials. I'll then outline advancements on the transformation. And we will conclude with our outlook before opening the floor for your questions during our Q&A.

I'm pleased to report that Alfen delivered a good start to 2026 with total revenue reaching EUR 129.7 million in the first quarter, representing a 25% increase compared to Q1 2025. This is primarily driven by Energy Storage and Smart Grids