Shelly Group - Delivered as promised, again - 9m 2024

Shelly Group, a leading smart home IoT solutions provider in Europe, continues to meet and exceed expectations. With over 36% y/y sales growth in Q4, the revenue target for 2024 has been slightly surpassed. Shelly’s above-industry-average top-line growth and profitability, combined with record stock trading volumes driven by its listing on Xetra, highlight the company’s stellar performance at the close of 2024.