EQS-Adhoc: Shelly Group AD reaffirms guidance for financial year 2023 following successful Black Friday sales

Publication of inside information according to Article 17 MAR

Shelly Group AD reaffirms guidance for financial year 2023 following successful Black Friday sales

Sofia / Munich, 6 December 2023 – Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166) (“Shelly Group” / “the Company”) recorded an increase in Black Friday sales by 115.0% compared to the previous year to a total of EUR 14.5 million (BGN 28.4 million) with more than 1.1 million home automation devices sold. With the successful Black Friday sales, the Company reaffirms the guidance for financial year 2023 with an increase in revenues of 51.0% to EUR 72 million (BGN 140.8 million) and an increase in EBIT of at least 63.5% to EUR 17.0 million (BGN 33.2 million).

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

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