Shelly Group Reports Strong First Half of 2025, Highlighting Sustainable Growth

The Shelly Group demonstrated a robust performance in the first half of 2025. Group revenues surged by 29.3% to reach EUR 54.0 million. The company's earnings before interest and taxes (EBIT) increased by 12.2% to EUR 12.2 million, achieving a margin of 22.6% despite currency fluctuations affecting prepayments.

Net results rose by 10.1% to EUR 10.2 million. The user base for Shelly Cloud expanded to approximately 2.3 million. A stronger working capital position led to a free cash flow of EUR 4.1 million, benefiting from efficient procurement and receivables strategies.

Geographically, growth was widespread, with notable contributions from German-speaking countries and accelerated expansion in Italy and Scandinavia. The Shelly Group maintains a stable financial position with an equity ratio of 81.0%, benefiting from increased cash equivalents and a confirmed revenue forecast of between EUR 145 million and EUR 155 million for 2025.