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PRESS RELEASE Published on 11 November 2021 , 7:00 CET Highlights : STTUN TUTH REGE CITITE ABIINI Da ALFEN T O A D A P T Alfen Q3 2021 : revenue growth of 21 % and EBITDA 16.0 % of revenues ● POWER ALMERE , THE NETHERLANDS – Alfen N.V. ( AEX : ALFEN ) , specialist in energy solutions for the future , today publishes its trading update for the third quarter of 2021 . 7 ALFEN THE BATTERY 1 Q3 2021 revenues of € 60.6m , a 21 % growth versus Q3 2020 ( € 49.9m ) . ● Gross margin at 36.9 % , slightly lower compared to 37.2 % in Q3 2020 , but an increase of 50bps compared to 36.4 % over the first half - year of 2021 . Adjusted EBITDA of € 9.7m ( 16.0 % of revenues ) , a 28 % growth compared with Q3 2020 ( € 7.5m , 15.1 % of revenues ) . ● Alfen reconfirms its 2021 full - year revenue guidance of € 225-250m . Marco Roeleveld , CEO of Alfen , said : " I am delighted that we continued to deliver revenue growth combined with a 28 % increase in profitability as we further executed on our profitable growth strategy in the third quarter . With our unique business model and strong market position , we continued to benefit from the energy transition that keeps building momentum throughout Europe and beyond .