Shelly Group Reports Enhanced Third Quarter Revenue Growth

Shelly Group SE has reported a 29.8% rise in group revenue to EUR 112.8 million for the first nine months of 2026, with third-quarter growth accelerating to 35.1%. EBIT increased by 25.4% to EUR 27.5 million, though the EBIT margin slipped slightly to 24.3%. Net profit also grew by 28.5% to EUR 23.8 million, raising earnings per share to EUR 1.30.

The company, based in Sofia, Bulgaria, expanded its professional installer network by over 2,700 in Q3, reaching around 11,300 members. This segment's momentum remains strong. Additionally, Shelly Group's cash and cash equivalents surged by 127.4% to EUR 31.1 million by September 30, 2026.

The firm confirmed its full-year 2026 guidance, anticipating revenue between EUR 195.0 million and EUR 205.0 million. Shelly continues to benefit from its expanded distribution channels and increased demand for IoT solutions.