Shelly Group announces preliminary consolidated sales revenues Q1 2025

Publication of inside information according to Article 17 MAR

Shelly Group announces preliminary consolidated sales revenues Q1 2025

Sofia / Munich, 9 April 2025 – Shelly Group SE (Ticker: SLYG / ISIN: BG1100003166) (“Shelly Group” / “the Company”), according to preliminary data has achieved an increase in consolidated sales revenues with Shelly devices and related services of around 29% to c. EUR 26.5 million (c. BGN 51.8 million) in Q1 2025 compared to the previous year. In doing so, the Shelly Group significantly exceeded the sales revenue increase of up to 25% projected for Q1 2025.

In view of the increasing sales revenues in the United States, but the still low share of US business in Group sales revenues, the Company expects the current customs disputes to have only an insignificant impact on the sales and earnings situation.

The Company will officially disclose unaudited consolidated financials for Q1 2025 on 14 May 2025 after the close of trading.

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

For further information, please visit corporate.shelly.com.

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