COMMUNIQUÉ DE PRESSE

par Allterco JSCo (isin : BG1100003166)

EQS-Adhoc: Shelly Group announces preliminary consolidated sales revenues 9M 2023

EQS-Ad-hoc: Shelly Group AD / Key word(s): Preliminary Results/Development of Sales
Shelly Group announces preliminary consolidated sales revenues 9M 2023

11-Oct-2023 / 12:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information according to Article 17 MAR

Shelly Group announces preliminary consolidated sales revenues 9M 2023

Sofia / Munich, 11 October 2023 – Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166) (“Shelly Group” / “the Company”), announces 49.4% year-on-year increase in revenue from sales of devices and related services to EUR 44.1 million (BGN 86.3 million) in 9M 2023, based on preliminary data. The revenue from sales of Shelly-branded IoT and smart home devices increased by 54.4%, amounting to EUR 43.0 million (BGN 84.0 million). The sales revenue of MyKi tracking devices decreased by 31.5% to EUR 1.1 million (BGN 2.2 million). With Shelly Group's focus on IoT and smart building solutions, MyKi no longer generates significant revenue and earnings contributions and will therefore no longer be included in the reporting of preliminary revenue figures in the future.

The Company will officially disclose consolidated financials for 9M 2023 until 14 November 2023.

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

For further information, please visit allterco.com.

Investor Relations Contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Email: sp@crossalliance.de
www.crossalliance.de



End of Inside Information

11-Oct-2023 CET/CEST 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.allterco.com
ISIN:BG1100003166
WKN:A2DGX9
Listed:Regulated Market in Frankfurt (Prime Standard)
EQS News ID:1746457

 
End of AnnouncementEQS News Service

1746457  11-Oct-2023 CET/CEST

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