Shelly revealed successful Black Friday sales; reaffirmed 2024 guidance (POSITIVE)
09.12.2024
Source: Shelly Group; FFBH
Shelly Group (SLYG) revealed that it’s Black Friday sales soared by 65% YoY to EUR 24.0m, where the number of smart home devices sold soared 80% YoY. The company highlighted that the devices for monitoring and reducing energy consumption continued to show the strongest growth. SLYG also reaffirmed the FY 2024 projections for an increase in sales by 40.2% to EUR 105.0 m and a jump in EBIT of around 36.1% to EUR 26.0m.