New product lines will provide additional growth next year
Shelly Group continued its profitable growth in the first nine months of this year, surpassing market expectations and confirming its 2025 outlook. The company expanded its distribution network, geographic presence, and professional user base, with its installer network tripling to over 3,000 members.
Strong Financial and Regional Performance
Group revenue rose 33.8% year-over-year to EUR 86.9 million, while EBIT grew 42.7% to EUR 21.9 million, achieving an EBIT margin of 25.2%. Net profit reached EUR 18.5 million, up 34.5%. In Q3 2025 alone, revenue increased by 42.1% to EUR 33.0 million, marking Shelly’s 31st consecutive quarter of growth. The DACH region remained the main driver with 38.8% growth, followed by strong gains in Italy, Scandinavia, Spain, Poland, and the UK. The rest of the world surged 103.4%.
Outlook and Expansion
The 2025 guidance remains unchanged: revenue between EUR 145–155 million and EBIT between EUR 35–40 million. Looking ahead, new smart lock, camera, and smart circuit breaker product lines are set to drive growth in 2026, supported by a strategic partnership with EcoFlow in the Smart Energy segment.
CEO Statement
“We achieved strong business performance and very solid results in the first nine months of the year. The third quarter was particularly robust and set a high bar for the year-end. Both revenue and profitability continue to grow significantly above market levels, driven by sustained strong demand, the expanding base of professional users, and the international expansion of our sales structures,” commented Wolfgang Kirsch, Co-CEO of Shelly Group.
