Shelly Group AD
ISIN: BG1100003166
WKN: A2DGX9
06 December 2024 11:15AM

EQS-News: Shelly Group: Black Friday sales hit record highs – 2024 forecast affirmed

Shelly Group AD · ISIN: BG1100003166 · EQS - Company News
Country: Bulgaria · Primary market: Bulgaria · EQS NID: 2046063

EQS-News: Shelly Group AD / Key word(s): Miscellaneous/Sales Result
Shelly Group: Black Friday sales hit record highs – 2024 forecast affirmed

06.12.2024 / 11:15 CET/CEST
The issuer is solely responsible for the content of this announcement.


Shelly Group: Black Friday sales hit record highs – 2024 guidance affirmed

 

Sofia / Munich, 6 December 2024 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166) (“Shelly Group”), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has set a Black Friday record with a sales increase of more than 80% to around 2 million home automation devices sold. In particular, the value-for-money proposition of the new entry-level devices with Bluetooth and the integrated energy-saving and measuring functions of many Shelly devices met with great demand in view of the current heating season. Sales of the new, smart Shelly BLU TRV radiator thermostats, the Shelly Plug S Gen3 and the Shelly Retro-Fit relays were particularly pleasing. Black Friday sales increased by 65.0% compared to the previous year to a total of EUR 24.0 million (BGN 25.9 million).

With the successful Black Friday sales, the Company remains on track to achieve its forecast for the 2024 financial year with an increase in revenue to EUR 105.0 million (BGN 205.4 million) and an increase in EBIT to EUR 26.0 million (BGN 50.9 million). In the past financial year 2023, revenue amounted to EUR 74.9 million (BGN 146.5 million) and EBIT to EUR 19.1 million (BGN 37.4 million).

Wolfgang Kirsch, Co-CEO of Shelly Group, on business development: “The development of the current financial year and Black Friday sales have once again shown that we are developing according to plan. With our Bluetooth entry-level devices, we are opening up the fascinating world of home automation to new customer groups. We are extremely confident that we will more than comfortably achieve our annual targets for 2024. The growth drivers of energy measurement and energy saving are stabilizing and, as part of the long-term megatrend of smart building solutions, are helping us to achieve our medium-term targets of sales of over EUR 200.0 million and EBIT of over EUR 50.0 million by the end of 2026.”

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

About Shelly Group

Shelly Group AD is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Germany, and Slovenia as well as in China and USA. Shelly Group’s products have already conquered over 100 markets. Shelly Group AD has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de



06.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Shelly Group AD
103 Cherny Vrah Bldv
1407 Sofia
Bulgaria
E-mail: investors@shelly.com
Internet: www.corporate.shelly.com
ISIN: BG1100003166
WKN: A2DGX9
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Munich, Stuttgart
EQS News ID: 2046063

 
End of News EQS News Service

2046063  06.12.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 23,09 17,11 23,69 30,55 48,10 74,90 0,00
EBITDA1,2 2,08 0,46 8,26 10,10 10,90 21,20 0,00
EBITDA-Margin3 9,01 2,69 34,87 33,06 22,66 28,30 0,00
EBIT1,4 1,72 0,05 8,08 9,56 10,40 19,10 0,00
EBIT-Margin5 7,45 0,29 34,11 31,29 21,62 25,50 0,00
Net Profit (Loss)1 1,33 3,73 6,87 8,16 8,90 16,80 0,00
Net-Margin6 5,76 21,80 29,00 26,71 18,50 22,43 0,00
Cashflow1,7 0,30 3,25 2,07 4,15 0,20 7,70 0,00
Earnings per share8 0,07 0,20 0,38 0,45 0,49 0,93 1,18
Dividend per share8 0,00 0,00 0,10 0,05 0,07 0,13 0,18
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Primorska Audit Company

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Shelly Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A2DGX9 BG1100003166 SE 621,00 Mio € 22.11.2021 Kaufen 8GJ5J8W7+HX
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
22,70 26,09 0,87 63,89 19,89 80,65 8,29
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,07 0,13 0,18 0,52%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
04.06.2024 15.05.2024 14.08.2024 13.11.2024 15.04.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,00%
34,50 €
ATH 40,00 €
+1,34% +0,00% +0,00% +0,00% +137,93%

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