sur Allterco JSCo (isin : BG1100003166)
Preliminary Revenue Growth for Shelly Group in Q1 2026
Shelly Group SE has announced a significant increase in its preliminary group revenue for the first quarter of 2026. The company, trading under the ticker SLYG, reported a 26% year-on-year growth, reaching approximately EUR 33.4 million from its Shelly devices and related services. This performance exceeded the company's internal expectations.
In addition to revenue growth, Shelly Group's liquidity position improved notably. Cash and cash equivalents rose by 45% compared to the end of 2025, amounting to EUR 19.9 million. This increase was primarily influenced by changes in working capital, particularly accounts payable. The structure and maturities of trade receivables also showed improvement, and the company anticipates a normalization of their volume over the remainder of the year.
Shelly Group plans to release its unaudited consolidated financial results for Q1 2026 on May 11, 2026, post-market close.
R. E.
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