Shelly Group increased its nine-month revenue to EUR 112.8 million, with stronger growth in Q3 and confirmed targets for 2026
Shelly Group reported a 29.8% increase in revenue to EUR 112.8 million in the first nine months of 2026, with growth accelerating to 35.1% in the third quarter. EBIT reached EUR 27.5 million, up 25.4%, while net profit increased by 28.5% to EUR 23.8 million.
Expanding Global Reach and Strengthening Infrastructure
The company more than doubled its cash reserves to EUR 31.1 million, further strengthening its financial position. Its professional installer network continued to expand, reaching approximately 11,300 members after adding more than 2,700 professionals in Q3. Meanwhile, the Shelly Cloud ecosystem grew to 3.4 million active users.
CEO Perspective on Market Momentum
“In the first nine months, we further increased revenue and earnings, and our growth gained additional momentum in the third quarter. The professional segment is developing particularly well: Our installer network has more than doubled within one year. With a strong product program for the fourth quarter and a solid financial position, we are well positioned to achieve our targets for the year,” said Wolfgang Kirsch, Co-CEO of Shelly Group.
Confirmed Full-Year 2026 Guidance
Shelly Group reaffirmed its full-year 2026 targets, expecting revenue of EUR 195–205 million and EBIT of EUR 47–52 million. The company expects continued momentum, supported by seasonal demand and upcoming smart automation product releases.
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