Shelly Group Reports 29% Increase in Q1 2025 Sales Revenues

Shelly Group SE has released preliminary results indicating a notable rise in consolidated sales revenues for the first quarter of 2025. The company reports an increase of approximately 29%, reaching around EUR 26.5 million compared to the previous year. This growth surpasses the initially projected sales revenue increase of up to 25% for the quarter.

Despite the ongoing customs disputes, the impact on the company's sales and earnings is expected to be minimal. The increase in sales is primarily in the United States, although the US contribution to overall group sales remains comparatively low.

Shelly Group plans to release unaudited consolidated financial figures for Q1 2025 on May 14, 2025, following the close of trading. For a detailed look at the company's performance, interested parties can visit their corporate site.