Shelly Group AD has announced preliminary consolidated sales revenues for the first half of 2024, showing significant growth. Based on initial data, revenue from devices and related services rose by 49% year-on-year to EUR 41.7 million (BGN 81.6 million).
Robust Business Momentum
The strong increase reflects continued demand for Shelly’s IoT and smart building solutions across both residential and commercial markets. The company has consistently expanded its product portfolio and strengthened its position in Europe and beyond, driving higher adoption rates.
Upcoming Financial Disclosure
Shelly Group confirms that it will officially publish its unaudited consolidated financial statements for H1 2024 on 14 August 2024, after the close of trading. The figures will provide further detail on the company’s performance and strategic developments.
Outlook
The results demonstrate Shelly’s successful growth trajectory, supported by a diverse product lineup and strong customer base. With preliminary sales reaching EUR 41.7 million, Shelly is well-positioned to continue delivering innovation and value while expanding its market share.
