ISIN:BG1100003166

EQS-News: Shelly Group accelerates expansion into professional market segments using globally established hardware and software standards

Retrieved on: 
Mittwoch, April 10, 2024

Sofia / Munich, 13 March 2024 – Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166 ) (“Shelly Group” / “the Company“), a provider of IoT and smart building solutions based in Sofia, Bulgaria, is accelerating its expansion into professional market segments.

Key Points: 
  • Sofia / Munich, 13 March 2024 – Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166 ) (“Shelly Group” / “the Company“), a provider of IoT and smart building solutions based in Sofia, Bulgaria, is accelerating its expansion into professional market segments.
  • To this end, Shelly announced the integration of globally established hardware and software standards at Light + Building 2024, the world's leading expo for lighting and building technology.
  • In addition, Shelly is launching a new free tool that connects end customers in the German market with electricians for the installation of their products.
  • In this way, we increase customer and professional user loyalty and strengthen our market penetration and competitive position.“

EQS-News: Shelly Group continues to invest in growth and moves into new office building

Retrieved on: 
Mittwoch, März 13, 2024

Sofia / Munich, 05 March 2024 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166 ) ("Shelly Group"), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has today signed a 10-year lease agreement for a new building with workplace space for up to 250 employees as part of its growth plans.

Key Points: 
  • Sofia / Munich, 05 March 2024 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166 ) ("Shelly Group"), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has today signed a 10-year lease agreement for a new building with workplace space for up to 250 employees as part of its growth plans.
  • The modern office building is conveniently located in the Bulgarian capital and will provide Shelly Group employees with a more flexible and sustainable working environment.
  • At the same time, Shelly is already in advanced talks with interested parties for the sale of the previous company building.
  • With the planned sale of our existing office building, we are freeing up tied-up capital for additional investments.

EQS-News: Shelly Group: Invitation to unaudited 12M 2023 earnings webcast/call on 27 February 2024

Retrieved on: 
Mittwoch, März 13, 2024

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Sofia / Munich, 21 February 2024 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166 ) ("Shelly Group"), a provider of IoT and smart building solutions based in Sofia, Bulgaria, cordially invites investors and analysts to the earnings webcast/call on the unaudited 12M 2023 results with Management Board members on 27 February 2024, 09.00 CET (10.00 EET).
  • The 12M 2023 unaudited results will be announced on 26 February 2024 after the close of trading.
  • Co-CEOs Dimitar Dimitrov and Wolfgang Kirsch will comment on the unaudited consolidated 12M 2023 results by means of a webcast presentation.

EQS-News: Shelly reaps the rewards of its investments and exceeds 2023 revenue and earnings guidance based on preliminary figures

Retrieved on: 
Mittwoch, März 13, 2024

Shelly Group achieved a 57.3% increase in group revenues to EUR 74.9 million (BGN 146.5 million) in the twelve-month period 2023.

Key Points: 
  • Shelly Group achieved a 57.3% increase in group revenues to EUR 74.9 million (BGN 146.5 million) in the twelve-month period 2023.
  • EBIT margin improved from 21.8% to 25.5% as supply chain and product portfolio optimizations more than offset the overall cost increase.
  • With an equity ratio of 85.8% as of 31 December 2023, Shelly Group enjoys a solid balance sheet (31 December 2022: 89.0%).
  • Guidance for the current financial year 2024 will be announced in conjunction with the release of the 2023 Annual Report on 15 April 2024.

EQS-News: Shelly Group to acquire additional 16% stake in its Slovenian subsidiary Shelly Tech (formerly GOAP d.o.o.)

Retrieved on: 
Mittwoch, März 13, 2024

Sofia / Munich, 22 February 2024 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166 ) (“Shelly Group”), has exercised a call option to acquire an additional 16% stake of the share capital of its Slovenian IoT subsidiary Shelly Tech (formerly GOAP Računalniški inženiring in avtomatizacija procesov d.o.o.

Key Points: 
  • Sofia / Munich, 22 February 2024 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166 ) (“Shelly Group”), has exercised a call option to acquire an additional 16% stake of the share capital of its Slovenian IoT subsidiary Shelly Tech (formerly GOAP Računalniški inženiring in avtomatizacija procesov d.o.o.
  • Nova Gorica) (the “Target Company”).
  • The total purchase price for the 16% stake under the exercised call option amounts to EUR 586,666.30 calculated in accordance with the conditions of the option agreement.
  • The remaining 24% of the shares in the Target Company held by three individual shareholders are subject to a further call/put option exercisable in 2026 under the agreed terms.