ENXTAM:ALFENElectrical
Alfen (ENXTAM:ALFEN) Stock Resets On Cash Gains And Margin Questions
Alfen’s stock went into these results under pressure, down about 21% over the past three months and roughly flat in the last week. Yet the headline from H1 is not collapse; it is a margin and balance sheet reset that looks cleaner than the share price suggests.
Revenue reached €261.5m and adjusted EBITDA margin sat at 6.3%. The real swing factor is cash. The company moved from net debt at year end 2025 to a net cash position of €6.2m, with operating cash flow of €36.5m. The market is trading...