Shelly Group AD

SLYG

Equity

ISIN BG1100003166 / Valor 34751365

Deutsche Boerse AG (2024-12-23)

EUR 33.80%

Shelly Group AD
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About company

Shelly Group AD specializes in the development and production of IoT (Internet of Things) devices designed for home automation.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

Shelly Group AD reported a significant increase in sales revenue for the first half of 2023, totaling 54,785 thousand Bulgarian leva, compared to 35,753 thousand Bulgarian leva in the same period of 2022. This represents a robust growth in their market performance.

Profit Increase

The company's profit from operating activities also saw a notable rise, reaching 13,623 thousand Bulgarian leva for the first six months of 2023, up from 7,573 thousand Bulgarian leva recorded during the same period last year, indicating efficient operational management and cost control.

Net Profit and Earnings Per Share

Shelly Group AD's net profit for the period ended June 30, 2023, stood at 11,427 thousand Bulgarian leva, with earnings per share increasing to 0.64 from 0.35 year-over-year, reflecting a stronger profitability and shareholder value.

Comprehensive Income

The total comprehensive income for Shelly Group AD reached 12,385 thousand Bulgarian leva at the end of June 2023, compared to 5,204 thousand Bulgarian leva in the previous year, demonstrating an overall positive financial performance across the board.

Outlook and Future Projections

With the current upward trajectory in both revenue and profits, Shelly Group AD appears to be on a solid path for the fiscal year 2023. The management remains optimistic about sustaining growth momentum and improving operational efficiencies in the upcoming quarters.

Summarized from source with an LLMView Source

Key figures

44.4%1Y

173%3Y

%5Y

Performance

40.2%1Y

47.4%3Y

47.4%5Y

Volatility