EQS-Adhoc: Shelly Group announces preliminary consolidated sales revenues FY 2024

Publication of inside information according to Article 17 MAR

Shelly Group announces preliminary consolidated sales revenues FY 2024

Sofia / Munich, 9 January 2025 – Shelly Group SE (Ticker: SLYG / ISIN: BG1100003166) (“Shelly Group” / “the Company”), according to preliminary data has achieved an increase in consolidated sales revenues from the sale of devices and related services of around 43% to c. EUR 107 million (c. BGN 209 million) in the financial year 2024 compared to the previous year. Thus, the consolidated sales revenues forecast of EUR 105 million (BGN 205 million) was slightly exceeded.

It should be noted that Shelly Group initiated changes to the terms and conditions with its key accounts in Q4 2024, and offered volume-based bonuses, which are recognized as a reduction in sales revenues. On a comparable basis, growth was c. 45% to around EUR 109 million (c. BGN 213 million).

The EBIT forecast for the financial year 2024 is confirmed. The revenue target of c. EUR 200 million for 2026 remains unchanged.

The Company will officially disclose unaudited consolidated financials for FY 2024 on 24 February 2025 after the close of trading.

Note: EUR/BGN exchange rate fixed at EUR 1 = BGN 1.95583.

For further information, please visit corporate.shelly.com.

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