Shelly Group Reports Robust H1 2026 Revenue and Earnings Growth

Shelly Group SE, a leader in IoT and smart building solutions, has announced significant financial growth for the first half of 2026. Revenues increased by 26.5% to EUR 68.3 million, aligning with internal forecasts. This growth underscores the company's robust market position amidst expanding distribution networks and product portfolios.

Operating income (EBIT) rose by 45.6% to EUR 17.7 million, resulting in an EBIT margin increase to 26.0%. Net profit surged by 51.4% to EUR 15.4 million, with earnings per share reaching EUR 0.85. The company reported substantial cash flow growth, with operating cash flow at EUR 22.3 million, marking a 260.6% year-on-year rise.

The first half also saw the introduction of new products and the strengthening of the Shelly Cloud user base to 2.9 million. With strategic distribution agreements and a comprehensive product launch schedule for the year's second half, Shelly Group anticipates strong fiscal year results, with revenue projections between EUR 195.0 million and EUR 205.0 million.