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Shelly Group AD reaffirms guidance for financial year 2023 following successful Black Friday sales

Shelly Group AD / Key word(s): Development of Sales/Forecast
Shelly Group AD reaffirms guidance for financial year 2023 following successful Black Friday sales

06-Dec-2023 / 08:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information according to Article 17 MAR

Shelly Group AD reaffirms guidance for financial year 2023 following successful Black Friday sales

Sofia / Munich, 6 December 2023 – Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166) (“Shelly Group” / “the Company”) recorded an increase in Black Friday sales by 115.0% compared to the previous year to a total of EUR 14.5 million (BGN 28.4 million) with more than 1.1 million home automation devices sold. With the successful Black Friday sales, the Company reaffirms the guidance for financial year 2023 with an increase in revenues of 51.0% to EUR 72 million (BGN 140.8 million) and an increase in EBIT of at least 63.5% to EUR 17.0 million (BGN 33.2 million).

Note: EUR/BGN exchange rate fixed at EUR 1 = BGN 1.95583.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de

End of Inside Information


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EQS-Ad-hoc

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Shelly Group AD: Wolfgang Kirsch, buy

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
08.12.2023 / 14:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

1. Details of the person discharging managerial responsibilities / person closely associated

a) Name

Title:
First name: Wolfgang
Last name(s): Kirsch

2. Reason for the notification

a) Position / status

Position: Chief Executive Officer (CEO)

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name

Shelly Group AD

b) LEI

8945007IDGKD0KZ4HD95 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code

Type: Share
ISIN: BG1100003166

b) Nature of the transaction

Acquisition

c) Price(s) and volume(s)

Price(s) Volume(s)
20.50 EUR 24,989.50 EUR

d) Aggregated information

Price Aggregated volume
20.50 EUR 24,989.50 EUR

e) Date of the transaction

2023-12-06; UTC+1

f) Place of the transaction

Name: Frankfurt
MIC: XFRA


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EQS-DD

English2023english2023
Allterco JSCo confirms raised guidance at upper end of range after successful Black Friday

Allterco JSCo / Key word(s): Development of Sales/Forecast
Allterco JSCo confirms raised guidance at upper end of range after successful Black Friday

05-Dec-2022 / 08:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Allterco JSCo confirms raised guidance at upper end of range after successful Black Friday

Sofia / Munich, 5 December 2022 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), an international provider of IoT and smart home solutions, recorded an increase in Black Friday sales with more than half a million home automation devices sold for a total of over EUR 6.8 million (BGN 13.2 million), equaling a growth of 44% compared to the previous year. With the successful Black Friday sales, the Company confirms the raised forecast at the upper end of the range with revenues of EUR 45-46 million and EBIT of EUR 10-10.5 million for FY22.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


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EQS-Ad-hoc

English2022english2022
Allterco JSCo: Resolutions of Extraordinary General Meeting

Allterco JSCo / Key word(s): AGM/EGM
Allterco JSCo: Resolutions of Extraordinary General Meeting

13-Dec-2022 / 22:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information according to Article 17 MAR

Allterco JSCo: Resolutions of Extraordinary General Meeting

Sofia / Munich, 13 December 2022 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), an international provider of IoT and smart home solutions, today adopted the following resolutions at its Extraordinary General Meeting:

  1. Approval of amendment to the Remuneration Policy of the Board of Directors;
  2. Approval of a remuneration scheme for the provision of variable share-based remuneration to the executive members of the Board of Directors for the period 2022 – 2025. Among the two schemes provided for discussion, the General Meeting of Shareholders approved the one proposed by the shareholder Mr. Svetlin Todorov;
  3. Authorization of the Company’s representatives to conclude a package of transactions for the acquisition of 100% of the capital of the Slovenian company GOAP Računalniški inženiring in avtomatizacija procesov d.o.o. Nova Gorica (“GOAP”), business address Ulica Klementa Juga 7, 5250 Solkan, Slovenia, registration number: 5414083000;
  4. Granting of variable remuneration in shares to the executive members of the Board of Directors of Allterco JSCo in the form of conditional options pursuant to the scheme for granting share-based remuneration to the executive members of the Board of Directors. The General Meeting of the Shareholders resolved on granting to the executive board members packages of conditional options, the terms and conditions to exercise of which shall be in accordance with the approved scheme for share-based remuneration.

The Company will publish official minutes of the General Meeting within the next few days.

For further information, please visit allterco.com.

Investor Relations Contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Email: sp@crossalliance.de
www.crossalliance.de


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EQS-Ad-hoc

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Allterco JSCo: Uplisting to the Premium Equities Segment of the Bulgarian Stock Exchange

Allterco JSCo / Key word(s): Miscellaneous
Allterco JSCo: Uplisting to the Premium Equities Segment of the Bulgarian Stock Exchange

21-Dec-2022 / 21:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information according to Article 17 MAR

Allterco JSCo: Uplisting to the Premium Equities Segment of the Bulgarian Stock Exchange

Sofia / Munich, 21 December 2022 – Based on the resolution of the Bulgarian Stock Exchange (“BSE”), the shares of Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), an international provider of IoT and smart home solutions, will be uplisted from BSE Main Market, Standard Equities Segment and included in the BSE Main Market, Premium Equities Segment of the Bulgarian Stock Exchange as of 3 January 2023.

The Premium Equities Segment is the market segment for the most liquid companies on the BSE. The higher admission criteria, including the obligation to disclose prescribed information in English, are prerequisites for the companies in this segment.

For further information, please visit allterco.com.

Investor Relations Contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Email: sp@crossalliance.de
www.crossalliance.de


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EQS-Ad-hoc

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Allterco JSCo acquires 60% of Slovenian IoT provider GOAP d.o.o.

Allterco JSCo / Key word(s): Investment
Allterco JSCo acquires 60% of Slovenian IoT provider GOAP d.o.o.

04-Jan-2023 / 00:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Allterco JSCo acquires 60% of Slovenian IoT provider GOAP d.o.o.

Sofia / Munich, 03 January 2023 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”) has announced the closing today of the 1st stage of the acquisition of the Slovenian IoT provider GOAP Računalniški inženiring in avtomatizacija procesov d.o.o. (“GOAP” or the “Target Company”) which consisted in the acquisition of 60% of the share capital of the Target Company. The transaction is based on Share Purchase Agreements (“SPAs”) that were signed today with all four GOAP shareholders. The total purchase price for the 1st stage transactions is EUR 2 million.

The remaining 40% of GOAPs share capital belonging to three individual shareholders of GOAP are subject to an Option Agreement that was signed together with the SPAs. Under the Option Agreement Allterco will have unconditional call options and the selling shareholders will have conditional put options on two packages of shares (the exercise of each of the sellers’ options is conditional upon the achievement of certain minimum criteria of KPI, EBITDA and revenue within the period 2023 – 2025). One option amounts to 16% of GOAPs share capital and the other option amounts to 24% of GOAPs share capital. The aggregate price for the shares in case of the exercise of the options depends on the extent to which the conditions therefore are met and may range from EUR 699,999.70 (BGN 1,369,080.41) to EUR 3,449,998.60 (BGN 6,747,610.76). 

The transactions are executed in compliance with the resolution of the General Meeting of the Shareholders of Allterco from December 2022.

With the acquisition, Allterco intends to expand its technology portfolio and thus extend its product offering for both customers and professional users.

For further information, please visit allterco.com.

 

Investor Relations Contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Email: sp@crossalliance.de
www.crossalliance.de

 


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EQS-Ad-hoc

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Shelly Group convenes Extraordinary General Meeting

EQS-News: Shelly Group AD / Key word(s): AGM/EGM
Shelly Group convenes Extraordinary General Meeting
17.11.2023 / 18:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group convenes Extraordinary General Meeting

Sofia / Munich, 17 November 2023 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166) (“Shelly Group”), a provider of IoT and smart building solutions based in Sofia, Bulgaria, convenes an Extraordinary General Meeting to be held on 18 December 2023 at 10.00 CET / 11.00 EET in Sofia, Bulgaria.

Further information can be found at:

https://corporate.shelly.com/corporate-governance/general-meeting-of-the-shareholder/year-2023/

About Shelly Group

Shelly Group AD is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Germany, and Slovenia as well as in China and USA. Shelly Group’s products have already conquered over 100 markets. Shelly Group AD has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


17.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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EQS-News

English2023english2023
Allterco JSCo announces preliminary consolidated sales revenues FY 2022

Allterco JSCo / Key word(s): Preliminary Results/Development of Sales
Allterco JSCo announces preliminary consolidated sales revenues FY 2022

16-Jan-2023 / 14:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information according to Article 17 MAR

Allterco JSCo announces preliminary consolidated sales revenues FY 2022

Sofia / Munich, 16 January 2023 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, announces a 56.1% year-on-year increase in FY 2022 in IoT revenue from sales of devices and related services to EUR 47.5 million (BGN 92.9 million), based on preliminary data. The revenue from sales of Shelly-branded smart home devices increased by 60.0%, amounting to EUR 45.2 million (BGN 88.4 million), followed by the revenue from sales of MyKi tracking devices, which increased by 20.6% to EUR 2.2 million (BGN 4.3 million).

With these revenues, Allterco JSCo exceeded its revenue forecast for FY 2022 of EUR 45‑46 million.

The Company will officially disclose consolidated financials for Q4 2022 on 1 March 2023, the Consolidated Annual Financial Report 2022 will be published on 28 April 2023.

Note: EUR/BGN exchange rate as of 16 January 2023 – EUR 1 = BGN 1.95583.

For further information, please visit allterco.com.

Investor Relations Contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Email: sp@crossalliance.de
www.crossalliance.de


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EQS-Ad-hoc

English2023english2023
Allterco JSCo announces preliminary consolidated sales revenues Q1 2023

Allterco JSCo / Key word(s): Preliminary Results/Development of Sales
Allterco JSCo announces preliminary consolidated sales revenues Q1 2023

05-Apr-2023 / 15:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information according to Article 17 MAR

Allterco JSCo announces preliminary consolidated sales revenues Q1 2023

Sofia / Munich, 5 April 2023 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, announces a 62.2% year-on-year increase in Q1 2023 in revenue from sales of devices and related services to EUR 14.2 million (BGN 27.8 million), based on preliminary data. The revenue from sales of Shelly-branded IoT and smart home devices increased by 63.9%, amounting to EUR 13.9 million (BGN 27.2 million), followed by the revenue from sales of MyKi tracking devices, which increased by 14.1% to EUR 0.3 million (BGN 0.6 million).

The Company will officially disclose consolidated financials for Q1 2023 on 15 May.

Note: EUR/BGN exchange rate as of 5 April 2023 – EUR 1 = BGN 1.95583.

For further information, please visit allterco.com.

Investor Relations Contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Email: sp@crossalliance.de
www.crossalliance.de

End of Inside Information


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EQS-Ad-hoc

English2023english2023
Allterco JSCo announces Guidance 2023 and medium-term growth targets to 2026

Allterco JSCo / Key word(s): Forecast
Allterco JSCo announces Guidance 2023 and medium-term growth targets to 2026

15-May-2023 / 22:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information according to Article 17 MAR

Allterco JSCo announces Guidance 2023 and medium-term growth targets to 2026

Sofia / Munich, 15 May 2023 Allterco JSCo (“Allterco” / “the Company”) announced its guidance for the current financial year 2023 and its medium-term growth targets to 2026. For the current financial year 2023, the Board of Directors expects IoT revenue from sales of devices and related services of EUR 72.0 million (BGN 140.8 million) compared to EUR 47.6 million in the previous year (BGN 93.1 million). 2023 earnings before interest and taxes (EBIT) are likely to be above EUR 17.0 million (BGN 33.2 million) compared to EUR 10.4 million in the previous year (BGN 20.3 million). Based on its expansion efforts and the market launch of new products, Allterco projects average annual growth of around 43.2% in the medium term to a revenue target of more than EUR 200.0 million by the end of 2026. For EBIT, the medium-term target is above EUR 50.0 million by the end of 2026, with average annual growth of around 48.1%.

Medium-term growth targets 2023 – 2026 (in EUR million)

Targets 2023 Guidance 2026 Target
Revenue 72.0 >200.0
Growth vs 2022 (in %) 51.0% >320.0%
EBIT >17.0 >50.0
EBIT Margin (in %) >23.0% >25.0%

Note: EUR/BGN exchange rate fixed at EUR 1 = BGN 1.95583.

For further information, please visit allterco.com.

Investor Relations contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Mail: sp@crossalliance.de
www.crossalliance.de

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EQS-Ad-hoc

English2023english2023
Allterco JSCo: Sale of Treasury Shares on Regulated Markets

Allterco JSCo / Key word(s): Miscellaneous
Allterco JSCo: Sale of Treasury Shares on Regulated Markets

01-Jun-2023 / 19:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information according to Article 17 MAR

Allterco JSCo: Sale of Treasury Shares on Regulated Markets

Sofia / Munich, 1 June 2023 – Allterco JSCo (Ticker A4L / ISIN: BG1100003166) (“Allterco” / “the Company”) is going to place a total of 40,000 treasury shares (the “Treasury Shares”), representing 0.22% of the Company’s total share capital, for sale on the Regulated Markets primarily of the Frankfurt Stock Exchange and alternatively of the Bulgarian Stock Exchange by 30 June 2023.

As announced on 30 June 2022, Allterco acquired these shares through over-the-counter (“OTC”) transactions on 30 June 2022 for the purpose of partial payment of the purchase price in the acquisition of the Slovenian IoT company GOAP d.o.o. Nova Gorica (“GOAP”) and alternatively for the purposes of incentive programs for employees or offering to private investors. The Treasury Shares were however not used for the acquisition of GOAP nor for any incentive program.

Under Art. 187(d) of the Bulgarian Commercial Act, the Company may not keep these Treasury Shares for longer than one year after purchasing them.

Therefore, the Treasury Shares will be offered to private investors on the Regulated Markets primarily on the Frankfurt Stock Exchange and alternatively on the Bulgarian Stock Exchange within the one-year statutory period expiring on 30 June 2023.

For further information, please visit allterco.com.

Investor Relations contact

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Mail: sp@crossalliance.de
www.crossalliance.de

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EQS-Ad-hoc

English2023english2023
Shelly Group PLC announces preliminary consolidated sales revenues H1 2023

Shelly Group PLC / Key word(s): Preliminary Results/Development of Sales
Shelly Group PLC announces preliminary consolidated sales revenues H1 2023

11-Jul-2023 / 11:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information according to Article 17 MAR

Shelly Group PLC announces preliminary consolidated sales revenues H1 2023

Sofia / Munich, 11 July 2023 – Shelly Group PLC (ticker: A4L / ISIN: BG1100003166) (“Shelly Group” / “the Company”), previously: Allterco JSCo, announces a 53.3% year-on-year increase in revenue from sales of devices and related services to EUR 28.0 million (BGN 54,8 million) in H1 2023, based on preliminary data. The revenue from sales of Shelly-branded IoT and smart home devices increased by 53.9%, amounting to EUR 26.8 million (BGN 52.4 million). The sales revenue of MyKi tracking devices decreased by 27.1% to EUR 0.6 million (BGN 1.2 million).

The Company will officially disclose consolidated financials for H1 2023 until 16 August 2023.

Note: EUR/BGN exchange rate EUR 1 = BGN 1.95583.

For further information, please visit allterco.com.

Investor Relations Contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Email: sp@crossalliance.de
www.crossalliance.de

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EQS-Ad-hoc

English2023english2023
Shelly Group announces preliminary consolidated sales revenues 9M 2023

Shelly Group AD / Key word(s): Preliminary Results/Development of Sales
Shelly Group announces preliminary consolidated sales revenues 9M 2023

11-Oct-2023 / 12:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information according to Article 17 MAR

Shelly Group announces preliminary consolidated sales revenues 9M 2023

Sofia / Munich, 11 October 2023 – Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166) (“Shelly Group” / “the Company”), announces 49.4% year-on-year increase in revenue from sales of devices and related services to EUR 44.1 million (BGN 86.3 million) in 9M 2023, based on preliminary data. The revenue from sales of Shelly-branded IoT and smart home devices increased by 54.4%, amounting to EUR 43.0 million (BGN 84.0 million). The sales revenue of MyKi tracking devices decreased by 31.5% to EUR 1.1 million (BGN 2.2 million). With Shelly Group’s focus on IoT and smart building solutions, MyKi no longer generates significant revenue and earnings contributions and will therefore no longer be included in the reporting of preliminary revenue figures in the future.

The Company will officially disclose consolidated financials for 9M 2023 until 14 November 2023.

Note: EUR/BGN exchange rate EUR 1 = BGN 1.95583.

For further information, please visit allterco.com.

Investor Relations Contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Email: sp@crossalliance.de
www.crossalliance.de

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EQS-Ad-hoc

English2023english2023
Shelly Group AD: Initiation of transformation into a European Company (Societas Europaea, SE) and change in Board of Directors

Shelly Group AD / Key word(s): Miscellaneous
Shelly Group AD: Initiation of transformation into a European Company (Societas Europaea, SE) and change in Board of Directors

10-Nov-2023 / 18:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information according to Article 17 MAR

Shelly Group AD: Initiation of transformation into a European Company (Societas Europaea, SE) and change in Board of Directors

Sofia / Munich, 10 November 2023 – The Board of Directors of Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166) (“Shelly Group” / “the Company”), has decided today to propose to the shareholders of the Company at an Extraordinary General Meeting the resolution to initiate a procedure for the transformation of the Company by changing its legal-organizational form from a joint stock company with its registered office in the Republic of Bulgaria to a European Company with its registered office in the Republic of Bulgaria in accordance with Article 281 et seq. of the Bulgarian Commercial Code and Article 2 (4) of Council Regulation (EC) No. 2157/2001 of 8 October 2001 on the Statute for a European Company (SE) (the “Transformation”). It is also proposed that the General Meeting of Shareholders instructs the Board of Directors to carry out any and all legal and factual actions with a view to preparing the Transformation.

In addition, the Extraordinary General Meeting is to resolve on a change in the Board of Directors. In relation to the resignation request of the current Chairman of the Board of Director, Mr. Gregor Bieler, it is proposed that Mr. Christoph Vilanek be elected in his place, with a term of office that coincides with the term of office of the other current members of the Board of Directors, i.e., 5 January 2026. The change shall have effect as of 1 January 2024.

For further information, please visit allterco.com.

Investor Relations Contact

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 (0) 89-1250903-31
Email: sp@crossalliance.de
www.crossalliance.de

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EQS-Ad-hoc

English2023english2023
Allterco in 9M/22 with revenue and earnings above expectations on stable cost base

EQS-News: Allterco JSCo / Key word(s): Quarterly / Interim Statement/9 Month figures
Allterco in 9M/22 with revenue and earnings above expectations on stable cost base
14.11.2022 / 22:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

Allterco in 9M/22 with revenue and earnings above expectations on stable cost base
 

  • Consolidated operating revenue increases by 55.0% to BGN 60.5 million (EUR 30.9 million)*
  • EBITDA at stable cost base with growth of 20.0% to BGN 14.5 million (EUR 7.4 million)* despite targeted increased investments in sales and R&D structures
  • EBIT increases to BGN 13.7 million (EUR 7.0 million)*
  • Net profit at Group level despite negative special effect from write-off of a receivable at BGN 11.7 million (EUR 6.0 million)* compared to BGN 10.0 million (EUR 5.1 million) in 9M/21
  • Increased guidance for full year 2022 confirmed

Sofia / Munich, 14 November 2022 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, posted stronger than expected growth in 9M/22. With better-than-expected performance across all product categories, energy consumption meters in particular saw above-average demand. MyKi tracking devices again achieved growth rates above pre-pandemic levels.

Group figures (unaudited)

in EUR million   9M/22   9M/21  
Group operating revenues   30.9   20.0   55.0%
EBITDA   7.4   6.2   20.0%
EBIT   7.0   5.7   22.9%
Net profit   6.0   5.1   17.6%
             
Equity ratio   90.4%   90.6%   -0.2%
             
Operating cash flow   -2.5   2.4   n/a
Cash and cash equivalents   12.6   13.3   -5.0%

Note: The figures for the nine-month period 2022 are unaudited. Rounding differences may occur.

Allterco achieved a 55.0% increase in consolidated operating revenues to BGN 60.5 million (EUR 30.9 million)* in 9M/22. Revenue from the sale of goods and productions amounted to BGN 57.8 million (EUR 29.6 million)*, up 50.1%. Operating earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 20.0% to BGN 14.5 million (EUR 7.4 million)* despite targeted increased investments in sales and R&D structures. Earnings before interest and taxes (EBIT) increased by 22.9% to BGN 13.7 million (EUR 7.0 million)*. Net result at the Group level was BGN 11.7 million (EUR 6.0 million)* compared to BGN 10.0 million (EUR 5.1 million) in the prior-year period, despite a negative special effect from the write-off of a receivable.

With an equity ratio of 90.4% as of 30 September 2022, Allterco enjoys a solid balance sheet (31 December 2021: 90.6%). Here, in addition to the unappropriated profit, the reduction in non-current bank loans by 19.3% to BGN 1.6 million (EUR 0.8 million)* as well as the payout of a dividend of BGN 1.8 million (EUR 0.9 million) were particularly noticeable.

Cash flow from operating activities with a cash outflow of BGN ‑4.9 million (EUR ‑2.5 million)* compared to a cash inflow of BGN 4.7 million (EUR 2.4 million) in 9M/21 reflects in particular increasing inventories matching higher sales revenue and advance payments to suppliers to proactively address potential delays in the supply chains. Cash and cash equivalents decreased accordingly to BGN 24.7 million (EUR 12.6 million)* as of 30 September 2022 compared to BGN 26.0 million (EUR 13.3 million) as of 31 December 2021, providing a sufficient basis for financing further growth.

For the full year 2022, the management confirms the guidance raised in an ad hoc announcement on 3 November 2022 of an increase in revenues from the sale of goods and productions to EUR 45‑46 million (2021: EUR 30.4 million) and earnings before interest and taxes (EBIT) between EUR 10‑10.5 million (2021: EUR 9.6 million).

Dimitar Dimitrov, Co-CEO of Allterco JSCo, commented on product development: “The great appreciation by our customers is the well-deserved reward for our relentless efforts to continuously improve our products, to bring solution-driven new applications and devices to market again and again, and to contribute to seamless integration in the Smart Home in an increasingly connected world. Interaction is particularly important to us, whether through the continuous improvement of user interfaces and user experience or in support. This gives us a development lead of two to three generations over our competitors’ products. We are already looking forward to presenting a variety of new innovative products at CES in Las Vegas in early January 2023.”

Wolfgang Kirsch, Co-CEO of Allterco JSCo, added on business performance: “We are particularly pleased that we grew in all product categories and in all regional markets. As such we exceeded our own expectations. So based on a solid order backlog and a strong start to the final quarter of 2022, we have raised our full-year guidance for 2022 after the end of the reporting period. In this context, our investments in expanding our global sales teams, increasing R&D capacity, and developing the market for professional users are already paying off. At the same time, we have our costs fully under control in the face of multiple economic challenges. Based on the continued demand for energy-saving solutions, we expect a successful year-end business and confirm our raised targets for the full year.“

The unaudited nine-month report is available in the Investor Relations section of the Company’s website at allterco.com.

* EUR/BGN exchange as of 14 November 2022 – 1 EUR = BGN 1.95583

Earnings Call:

Co-CEOs Dimitar Dimitrov and Wolfgang Kirsch will comment on the unaudited consolidated 9M 2022 results by means of a webcast presentation on 15 November 2022, 09.00 CET (10.00 EET). The webcast/call will be held in English.

Please register to participate in the webcast/call at:
Allterco JSCo – Earnings Call 9M 2022.

For further information, please visit allterco.com

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

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Allterco JSCo convenes Extraordinary General Meeting of Shareholders

EQS-News: Allterco JSCo / Key word(s): AGM/EGM
Allterco JSCo convenes Extraordinary General Meeting of Shareholders
18.11.2022 / 15:00 CET/CEST
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Allterco JSCo convenes Extraordinary General Meeting of Shareholders

Sofia / Munich, 18 November 2022 – The Board of Directors of Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, convenes an Extraordinary General Meeting of shareholders. The Extraordinary GMS will take place on 13 December 2022 at 10.00 CET / 11.00 EET in Sofia, Bulgaria.

Further information can be found at: https://allterco.com/en/for-investors/general-meeting-of-the-shareholder/year-2022/#

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

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Mail: sp@crossalliance.de
www.crossalliance.de


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Allterco JSCo updates invitation and documents to Extraordinary General Meeting of Shareholders

EQS-News: Allterco JSCo / Key word(s): AGM/EGM
Allterco JSCo updates invitation and documents to Extraordinary General Meeting of Shareholders
01.12.2022 / 13:31 CET/CEST
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Allterco JSCo updates invitation and documents to Extraordinary General Meeting of Shareholders

 

Sofia / Munich, 1 December 2022 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, has updated the invitation to the Extraordinary General Meeting of shareholders convened for 13 December 2022 at 10.00 CET / 11.00 EET in Sofia, Bulgaria. Upon an official request of the shareholder Mr. Svetlin Todorov as the owner of more than 5% of Allterco’s shares addtional questions as well as a proposal for decision on one of agenda items was included in the agenda.

Further information can be found at: https://allterco.com/en/for-investors/general-meeting-of-the-shareholder/year-2022/#

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


01.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Allterco JSCo confirms raised guidance at upper end of range after successful Black Friday and continues international expansion

EQS-News: Allterco JSCo / Key word(s): Development of Sales/Forecast
Allterco JSCo confirms raised guidance at upper end of range after successful Black Friday and continues international expansion
05.12.2022 / 08:45 CET/CEST
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Allterco JSCo confirms raised guidance at upper end of range after successful Black Friday and continues international expansion
 

  • Black Friday sales up 44% YoY to EUR 6.8 million
  • Raised guidance confirmed at upper end of range with revenues of EUR 4546 million and EBIT of EUR 10-10.5 million for FY22
  • Founding of R&D hub in Ireland

 

Sofia / Munich, 5 December 2022 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), an international provider of IoT and smart home solutions, recorded an increase in Black Friday sales with more than half a million home automation devices sold for a total of over EUR 6.8 million (BGN 13.2 million), equaling a growth of 44% compared to the previous year. Consumers from over 100 countries around the world took advantage of the special offers and ordered their Shelly devices, with the greatest interest being observed in Germany and Italy, followed by Spain, Portugal, Netherlands, Austria, and Belgium. Here, the targeted increase in investments in sales and R&D structures in the current fiscal year had a noticeable impact. With the successful Black Friday sales, the Company confirms the raised forecast at the upper end of the range with revenues of EUR 45-46 million and EBIT of EUR 10-10.5 million for FY22.

To accelerate its international expansion, Allterco has selected Dublin, Ireland, the global stronghold and talent pool of IT development, as the base for its latest R&D hub. The Company has already been able to recruit experienced senior executives who have demonstrated visionary drive in the realization of the smart home of the future in positions at leading international IT companies. For Allterco, making this leap marks the next milestone in taking product development to a new level.

Dimitar Dimitrov, Co-CEO of Allterco JSCo, commented: “The success of our Black Friday sales across all our geographic markets confirms that we are on the right track with our expansion strategy. With the new development hub in Ireland, we are attracting high-caliber IT specialists to continuously improve the research and development process, thus consistently pursuing our expansion strategy. We are looking forward to the new impulses from this buzzing and dazzling developer scene in Ireland, which is as international as Allterco itself.”

Wolfgang Kirsch, Co-CEO of Allterco JSCo, added: “The course of business in the current fiscal year and the Black Friday sales have highlighted the fact that it is crucial for our success to establish our development structures in line with our market entries. Allterco has customers in all major regions of the world. Our five international locations to date are a sign of our expansion drive, and Dublin is another addition to the list. We are pleased to underline the successes in fiscal 2022 with a confirmation of the raised guidance at its upper end of the range.”

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


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Allterco JSCo exceeds forecast sales revenue growth in 2022 – EBIT in line with forecast as investments intensified according to plan

EQS-News: Allterco JSCo / Key word(s): Preliminary Results/Annual Results
Allterco JSCo exceeds forecast sales revenue growth in 2022 – EBIT in line with forecast as investments intensified according to plan
28.02.2023 / 22:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

Allterco JSCo exceeds forecast sales revenue growth in 2022 – EBIT in line with forecast as investments intensified according to plan
 

  • Consolidated operating revenue increases by 54.6% to EUR 48.1 million (BGN 94.1 million)*
  • EBITDA at stable cost base with disproportionately low growth of 9.5% to EUR 10.9 million (BGN 21.4 million)* given intensified investments in sales and R&D structures
  • EBIT increases by 10.3% to EUR 10.4 million (BGN 20.4 million)*
  • Net profit at Group level increased by 9.7% to EUR 8.9 million (BGN 17.4 million)* despite negative special effect from write-off of a receivable 

Sofia / Munich, 28 February 2023 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, continued its growth in fiscal year 2022, exceeding forecast revenue growth based on preliminary figures. EBIT was within the forecast range while investments in further expansion were intensified as planned.

Group figures (unaudited)

in EUR million   12M/22   12M/21  
Group operating revenues   48.1   30.1   54.6%
EBITDA   10.9   10.0   9.5%
EBIT   10.4   9.5   10.3%
Net profit   8.9   8.1   9.7%
             
Equity ratio   89.0%   90.5%   -0.2%
             
Operating cash flow   0.2   4.1   97.5%
Cash and cash equivalents   14.4   15.6   -7.8%

Note: The figures for the twelve-month period 2022 are unaudited. Rounding differences may occur.

Allterco achieved a 58.2% increase in consolidated operating revenues to EUR 48.1 million (BGN 94.1 million)* the twelve-month period 2022. Revenue from the sale of goods and productions amounted to EUR 47.6 million (BGN 93.1 million)*, up 58.2%. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by a disproportionately low 9.5% to EUR 10.9 million (BGN 21.4 million)* as a result of intensified investment in sales and R&D structures. Earnings before interest and taxes (EBIT) increased by 10.3% to EUR 10.4 million (BGN 20.4 million)*. Net result at the Group level increased by 9.7% to EUR 8.9 million (BGN 17.4 million)*, despite a negative special effect from the write-off of a receivable.

With an equity ratio of 89.0% as of 31 December 2022, Allterco enjoys a solid balance sheet (31 December 2021: 90.5%). Here, in particular, the unappropriated profit and the reduction in non-current bank loans by 25.9% to EUR 0.9 million (BGN 1.8 million)* were offset by the payout of a dividend, bonus payments to employees and changes in customs-related tax liabilities.

Cash flow from operating activities with a cash inflow of EUR 0.2 million (BGN 0.4 million)* compared to a cash inflow of EUR 4.1 million (BGN 8.1 million) in the twelve-month period 2021 reflects in particular increasing inventories matching higher sales revenue and advance payments to suppliers to proactively address potential delays in the supply chains. Cash and cash equivalents decreased accordingly to EUR 14.4 million (BGN 28.2 million)* as of 31 December 2022 compared to EUR 15.6 million (BGN 30.5 million) as of 31 December 2021, providing a sufficient basis for financing further growth.

Guidance for the current financial year 2023 will be announced in conjunction with the release of the 2022 Annual Report on 28 April 2023.

Dimitar Dimitrov, Co-CEO of Allterco JSCo, commented on product development: “Following the great success of our product and service launches in the past financial year 2022, we certainly will not rest on our laurels in 2023. In January, we already launched five new products at CES in Las Vegas, and our pipeline remains full. Most notably, we will see the launch of devices that use the Bluetooth protocol for even longer battery life, complementing our existing Wi-Fi product lines in an even more energy-efficient way. However, we are particularly excited about today’s launch of our new Shelly Smart Control app, available already for downloading in the App stores. It will replace our current Shelly.Cloud app offering many new functions and intended to unlock recurring revenues with additional services later this year.”

Wolfgang Kirsch, Co-CEO of Allterco JSCo, added on business performance: “In the past fiscal year, we exceeded our revenue forecast with growth in all product categories and in all regional markets. Our investments in expanding our regional sales teams, increasing R&D capacity and developing the professional market are already paying off. In view of the strong order backlog, we are confident about the current fiscal year. For the full year 2023, we expect growth to be in line with the previous year. While keeping our costs under control in the face of numerous economic challenges, we expect our investments to continue to add value with noticeable improvements in EBITDA and EBIT margins.“

The unaudited interim report is available in the Investor Relations section of the Company’s website at allterco.com.

* EUR/BGN exchange rate as of 28 February 2023 – EUR 1 = BGN 1.95583

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


28.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Allterco JSCo: Invitation to unaudited 12M 2022 earnings webcast/call on 14 March 2023

EQS-News: Allterco JSCo / Key word(s): Preliminary Results/Conference
Allterco JSCo: Invitation to unaudited 12M 2022 earnings webcast/call on 14 March 2023
10.03.2023 / 11:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

Allterco JSCo: Invitation to unaudited 12M 2022 earnings webcast/call on 14 March 2023

Sofia / Munich, 10 March 2023 – Allterco JSCo (Ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, cordially invites investors and analysts to the earnings webcast/call on the unaudited 12M 2022 results with Management Board members on 14 March 2023, 09.00 CET (10.00 EET).

Earnings Call:

Co-CEOs Dimitar Dimitrov and Wolfgang Kirsch will comment on the unaudited consolidated 12M 2022 results by means of a webcast presentation. The webcast/call will be held in English.

Please register to participate in the webcast/call at:
Allterco JSCo – Earnings Call Unaudited 12M 2022.

The unaudited interim report is available in the Investor Relations section of the Company’s website at allterco.com.

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Slovenia, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
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Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


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Allterco JSCo: Start of development of customized shelly chips in partnership with semiconductor manufacturer Espressif Systems

EQS-News: Allterco JSCo / Key word(s): Alliance/Product Launch
Allterco JSCo: Start of development of customized shelly chips in partnership with semiconductor manufacturer Espressif Systems
23.03.2023 / 08:30 CET/CEST
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Allterco JSCo: Start of development of customized shelly chips in partnership with semiconductor manufacturer Espressif Systems

Sofia / Munich, 23 March 2023 – Allterco JSCo (Ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, reaches the next milestone in the Company’s development by starting the development of its first customized Shelly chip. For the development, Allterco has partnered with Espressif Systems (Shanghai) Co., Ltd. (“Espressif”), a leading provider of energy-efficient Wi-Fi and Bluetooth solutions. Espressif will design and manufacture a microcontroller for use in Shelly-branded IoT devices. The customized Shelly chip will feature a larger memory allowing for future enhancements and extensions of functionalities, including network protocols and standards that enable interconnectivity between a wide range of smart home products within an ecosystem.

The Shelly brand is known for its innovative and feature-rich IoT devices. Shelly devices are among the most advanced on the market, with features such as HTTP servers, Wi-Fi range extender, and encrypted communication via SSL/TLC, as well as support for JavaScript and open application programming interfaces (APIs) for development and connectivity. Unlike many other brands, Shelly is compatible with all electrical installations and does not require a hub – a local Internet connection is sufficient. In addition, Shelly devices have a built-in server and can operate as a stand-alone device on the local network or in the cloud. At the same time, Shelly devices offer an unrivaled price-performance ratio.

Espressif Systems is renowed as a leading provider of Wi-Fi and Bluetooth SoCs and is recognized for its ESP32 and ESP8266 series of SoCs, which are widely used in AIoT products.

Teo Swee Ann, the Founder and CEO of Espressif Systems, says about the prospective collaboration of the two companies: “We are thrilled to be partnering with Shelly, which has provided much technical and marketing insights to Espressif, to drive innovation in the smart home industry. By combining our strengths and resources, we believe that we can make a significant contribution to the development of IoT technology, and bring about a more connected world.”

Wolfgang Kirsch, Co-CEO of Allterco JSCo, on the development of the first customized chip: “Shelly, Allterco’s award-winning home automation product line, is one of the fastest growing IoT brands in the world with devices, even the fastest on certain leading online marketplaces. With the development of our first customized chip, we are shifting up another gear in our approach to provide ever more advanced and powerful IoT devices with even more functionality and performance. We are committed to staying one step ahead of the competition.”

Dimitar Dimitrov, Co-CEO of Allterco JSCo, continues: “With its expertise in the design and production of microcontrollers, Espressif is the ideal partner for us to jointly develop a Shelly chip that not only offers the flexible solution our customers are accustomed to for modular and step-by-step automation, according to individual preferences but also opens up completely new possibilities for developers and users.”

About Espressif

Espressif Systems (688018.SH) is a public multinational, fabless semiconductor company established in 2008, with offices in China, the Czech Republic, India, Singapore and Brazil. Espressif has a passionate team of engineers and scientists from all over the world, focused on developing cutting-edge wireless communication, low-power, AIoT solutions. Espressif has created the popular ESP8266, ESP32, ESP32-S, ESP32-C and ESP32-H series of chips, modules and development boards. By leveraging wireless computing, Espressif provides green, versatile and cost-effective chipsets. Espressif has been offering solutions that are secure, robust and power-efficient. By open-sourcing technology and solutions, Espressif enables developers to use AIoT solutions globally and build their own smart-connected devices.

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Slovenia, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


23.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Allterco JSCo: Invitation to unaudited 3M 2023 earnings webcast/call on 16 May 2023

EQS-News: Allterco JSCo / Key word(s): Quarterly / Interim Statement/Conference
Allterco JSCo: Invitation to unaudited 3M 2023 earnings webcast/call on 16 May 2023
10.05.2023 / 16:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Allterco JSCo: Invitation to unaudited 3M 2023 earnings webcast/call on 16 May 2023

Sofia / Munich, 10 May 2023 – Allterco JSCo (Ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, cordially invites investors and analysts to the earnings webcast/call on the unaudited 3M 2023 results with Management Board members on 16 May 2023, 09.00 CEST (10.00 EEST).

The 3M 2023 unaudited results will be announced on 15 May 2023 after the close of trading.

Earnings Call:

Co-CEOs Dimitar Dimitrov and Wolfgang Kirsch will comment on the unaudited consolidated 3M 2023 results by means of a webcast presentation. The webcast/call will be held in English.

Please register to participate in the webcast/call at:
Allterco JSCo – Earnings Call Unaudited 3M 2023.

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Slovenia, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


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Allterco JSCo in 3M/23 with growth acceleration – medium-term guidance of more than EUR 200 million revenue and EBIT of over EUR 50 million by the end of 2026

EQS-News: Allterco JSCo / Key word(s): Quarterly / Interim Statement
Allterco JSCo in 3M/23 with growth acceleration – medium-term guidance of more than EUR 200 million revenue and EBIT of over EUR 50 million by the end of 2026
15.05.2023 / 22:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

Allterco JSCo in 3M/23 with growth acceleration – medium-term guidance of more than EUR 200 million revenue and EBIT of over EUR 50 million by the end of 2026
 

  • Consolidated operating revenue increased by 61.0% to EUR 14.1 million (BGN 27.7 million)
  • EBITDA with strong growth of 55.6% to EUR 3.8 million (BGN 7.5 million) following intensified investments in sales and R&D structures in the previous year
  • EBIT grew by 59.3% to EUR 3.7 million (BGN 7.2 million)
  • Net profit at Group level up 51.5% to EUR 3.0 million (BGN 5.9 million)
  • Shelly cloud user base growth of 27.0% driven by new app to 857 thousand in 3M/23 alone (31 December 2022: 677 thousand)
  • Outlook 2023: Revenue growth of 51.0% to EUR 72.0 million and EBIT to increase by at least 63.5% to more than EUR 17.0 million

Sofia / Munich, 15 May 2023 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, continued its strong and profitable growth in 3M/23. Increased investments in sales and R&D structures in the past year already started bearing results. With strong revenue growth in almost all regional markets, German-speaking countries made the largest contribution to growth, doubling to EUR 7.2 million. Allterco expects the strong growth in sales and earnings to continue in the current fiscal year 2023 as well as in the medium term until 2026.

Group figures (unaudited)

in EUR million   3M/23   3M/22  
Group operating revenues   14.1   8.8   61.0%
EBITDA   3.8   2.5   55.6%
EBIT   3.7   2.3   59.3%
Net profit   3.0   2.0   51.5%
             
Equity ratio   87.4%   89.0%   -1.8%
             
Operating cash flow   5.2   0.2   >1,000%
Cash and cash equivalents   17.2   14.4   19.2%

Note: The equity ratio comparison is from 31 March 2023 to 31 December 2022. The figures for the three-month period 2023 are unaudited. Rounding differences may occur.

Allterco achieved a 61.0% increase in consolidated operating revenues to EUR 14.1 million (BGN 27.7 million) the three-month period 2023. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew strongly by 55.6% to EUR 3.8 million (BGN 7.5 million) following the intensified investment in sales and R&D structures in the previous year. Earnings before interest and taxes (EBIT) increased by 59.3% to EUR 3.7 million (BGN 7.2 million). Net result at the Group level increased by 51.5% to EUR 3.0 million (BGN 5.9 million).

With an equity ratio of 87.4% as of 31 March 2023, Allterco enjoys a solid balance sheet (31 December 2022: 89.0%). Here, the unappropriated profit was offset in particular, by loss carryforwards in connection with the acquisition of a Slowenian company, bonus payments to employees and the increase in current liabilities.

Cash flow from operating activities with a cash inflow of EUR 5.2 million (BGN 10.2 million) in 3M/23 compared to a cash inflow of EUR 0.2 million (BGN 0.4 million) in the previous year’s period reflects in particular reduced inventories while in the prior year period increased inventory levels and advance payments to suppliers to proactively address potential delays in the supply chains were noticeable. Cash and cash equivalents as of 31 March 2023 increased accordingly to EUR 17.2 million (BGN 33.6 million) compared to EUR 14.4 million (BGN 28.2 million) as of 31 December 2022, providing a sufficient basis for financing further growth.

Outlook 2023 and mid-term guidance 2026

For the current fiscal year 2023, the Board of Directors expects revenue growth of 51.0% to EUR 72.0 million and EBIT to increase by at least 63.5% to more than EUR 17.0 million.

By 2026, revenue is expected to grow at an average annual growth rate of 43.2% to more than EUR 200.0 million in the medium term, while EBIT is expected to increase by as much as 48.1% per year to over EUR 50.0 million.

Dimitar Dimitrov, Co-CEO of Allterco JSCo, commented on product development: “The combination of our powerful and feature-rich hardware, combined with flexible and forward-looking software, and the creative and vibrant community of our users, has also more than proven itself in 3M/23 and contributed to the acceleration of our growth. We will continue this growth with the launch of new products. Our customers can be particularly excited about the new Bluetooth product line, which additionally offer extremely long runtimes in a smaller form factor due to smaller batteries. Last but not least, we will introduce the first own Shelly chips to the market and, together with the new Shelly OS, once more set new standards in performance and functionality.”

Wolfgang Kirsch, Co-CEO of Allterco JSCo, added on business performance: “3M/23 was really more than pleasing in terms of revenue and earnings. We are particularly proud that the German-speaking markets in particular have shown that investments in regional structures pay off. We will therefore continue the increased investment in regional sales structures and expect the development of the Nordic markets, which began in the second half of 2022, to progress at a similar pace. We also see high growth potential in the UK, France, Italy, and Spain. Another growth driver is the expansion of our user base. Here, we are tapping into entirely new revenue streams with the upcoming introduction of a freemium model for our extremely popular app. In addition to the DYI segment, we expect significant future growth contributions from the substantially larger market for professional electrical installations. Negotiations with the largest distributors are just as promising as the started cooperation with several professional schools.“

Earnings Call:

Co-CEOs Dimitar Dimitrov and Wolfgang Kirsch will comment on the unaudited consolidated 3M 2023 results by means of a webcast presentation on 16 May 2023, 09.00 CEST (10.00 EEST). The webcast/call will be held in English.

Please register to participate in the webcast/call at:
Allterco JSCo – Earnings Call Unaudited 3M 2023.

The unaudited three-month report is available in the Investor Relations section of the Company’s website at allterco.com.

Note: EUR/BGN exchange rate fixed at EUR 1 = BGN 1.95583.

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


15.05.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Allterco JSCo convenes Annual General Meeting of Shareholders

EQS-News: Allterco JSCo / Key word(s): AGM/EGM
Allterco JSCo convenes Annual General Meeting of Shareholders
30.05.2023 / 16:15 CET/CEST
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Allterco JSCo convenes Annual General Meeting of Shareholders

Sofia / Munich, 30 May 2023 – The Board of Directors of Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, convenes its Annual General Meeting of shareholders. The AGM will take place on 12 June 2023 at 10.00 CEST / 11.00 EEST in Sofia, Bulgaria.

Further information can be found at: https://allterco.com/en/for-investors/general-meeting-of-the-shareholder/year-2023/

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


30.05.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Allterco JSCo convenes Extraordinary General Meeting of Shareholders

EQS-News: Allterco JSCo / Key word(s): AGM/EGM
Allterco JSCo convenes Extraordinary General Meeting of Shareholders
31.05.2023 / 17:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

Allterco JSCo convenes Extraordinary General Meeting of Shareholders

Sofia / Munich, 31 May 2023 – The Board of Directors of Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, convenes an Extraordinary General Meeting of shareholders. The EGM will take place on 19 June 2023 at 10.00 CEST / 11.00 EEST in Sofia, Bulgaria.

Further information can be found at: https://allterco.com/en/for-investors/general-meeting-of-the-shareholder/year-2023/

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


31.05.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Allterco JSCo: Annual General Meeting approves dividend of EUR 0.12 per share – high level of approval on all agenda items

EQS-News: Allterco JSCo / Key word(s): AGM/EGM
Allterco JSCo: Annual General Meeting approves dividend of EUR 0.12 per share – high level of approval on all agenda items
13.06.2023 / 18:30 CET/CEST
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Allterco JSCo: Annual General Meeting approves dividend of EUR 0.12 per share – high level of approval on all agenda items

Sofia / Munich, 13 June 2023 – The Annual General Meeting of Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, yesterday adopted the proposal of the Board of Directors and approved a gross dividend of EUR 0.12 per share. Taking into account treasury shares, a total of approximately EUR 2.3 million will be distributed from the retained earnings within 60 days of the date of the Annual General Meeting. The initial and final term of payment will be determined additionally by the Board of Directors, as per delegation of the Annual General Meeting.

All resolutions proposed under the agenda items received high approval at the Annual General Meeting. The members of the Board of Directors were discharged by the shareholders for the past financial year. The voting participation at the Annual General Meeting was 75.68%.

Тhe Extraordinary General Meeting to be held on 19 June 2023 at 10.00 CEST / 11.00 EEST in Sofia, Bulgaria shall among other items decide on the change of the Company’s name. The new company name Shelly Group PLC reflects the leading market position of the products and will also serve to unify the brand identity of the whole group. The full agenda for the meeting is available at: https://allterco.com/en/for-investors/general-meeting-of-the-shareholder/year-2023/

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


13.06.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Allterco JSCo: Strong shareholder support at Extraordinary General Meeting for change of name to Shelly Group Plc

EQS-News: Allterco JSCo / Key word(s): AGM/EGM
Allterco JSCo: Strong shareholder support at Extraordinary General Meeting for change of name to Shelly Group Plc
20.06.2023 / 11:15 CET/CEST
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Allterco JSCo: Strong shareholder support at Extraordinary General Meeting for change of name to Shelly Group Plc
 

  • Name change to Shelly Group reflects Group’s business model and Corporate Identity
  • Introduction of Operational Board to support better coordination of strategic management and operational business on growth path

Sofia / Munich, 20 June 2023 – The Extraordinary General Meeting of Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, yesterday adopted the proposal of the Board of Directors to change the name of the company to Shelly Group Plc. All resolutions proposed under the agenda items received high approval at the Extraordinary General Meeting. The voting participation at the Extraordinary General Meeting was 77.27%.

The new company name, Shelly Group Plc, reflects the leading market position of Shelly products and will also serve to unify the brand identity across the Group. The change of name also highlights the evolution of the Group’s business model in its corporate identity. Originally founded in 2003 as a company focused on telecommunications and mobile innovation, the establishment of the company’s IoT unit 10 years later laid the foundation for today’s Shelly brand. In 2015, the company was completely restructured to focus on IoT. The international success of the IoT products eventually led to the strategic decision to sell the telecommunication activities in 2019.

Dimitar Dimitrov, Co-CEO: “As one of the founders of our joint company, I am very pleased that the successful development of our business is now also reflected in the decision for a new company name. Our Shelly products are characterized by performance and functionality coupled with flexible and forward-looking software and the creative and vibrant community of our users. I can think of no better name that describes our fast-growing Group of companies better than Shelly Group.”

To systematically align the Group’s corporate and management structure with its IoT growth and expansion path, the Board of Directors has decided to introduce an Operational Board. The new management board structure is designed to support better coordination of strategic management and operational business. Contributing factors include the many years of experience of the new members of the expanded Operational Board, including senior distribution positions at leading international brands such as Coca-Cola and Qubino. In addition to the two members of the Board of Directors and Co-CEOs Dimitar Dimitrov and Wolfgang Kirsch, the Operational Board consists of the following members:

  • Mirche Atanasovski, Group Chief Commercial Officer (CCO)
  • Svetozar Iliev, Group Chief Financial Officer (CFO)
  • Ivan Zahov, Group Chief Marketing Officer (CMO)
  • Leon Kralj, Group Chief Technical Officer (CTO)

For further information on the professional background of the Operational Board members, please refer to the Company’s website at: https://allterco.com/en/about-us/.

Wolfgang Kirsch, Co-CEO: “With the new management structure, we are taking another important step in the further development of our corporate governance. The coordinated assignment of responsibilities promotes better interaction between activities and the realization of synergies for greater impact and reach. In doing so, opportunities for improvement can be identified more quickly and any necessary adjustments can be implemented more rigorously. We are committed to capitalizing on opportunities that will drive our business forward.”

The minutes of the Extraordinary General Meeting are available on the Company’s website at: https://allterco.com/en/for-investors/general-meeting-of-the-shareholder/year-2023/.

About Allterco

Allterco JSCo is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Allterco was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Allterco’s products have already conquered over 100 markets. Allterco JSCo has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


20.06.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Shelly Group PLC announces terms of dividend payment

EQS-News: Shelly Group PLC / Key word(s): Dividend
Shelly Group PLC announces terms of dividend payment
29.06.2023 / 11:30 CET/CEST
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Shelly Group PLC announces terms of dividend payment

Sofia / Munich, 29 June 2023 – Shelly Group PLC (ticker: A4L / ISIN: BG1100003166) (“Shelly Group” / “the Company”), previously: Allterco JSCo, announced that the Board of Directors, in execution of the resolution of the General Meeting of Shareholders of 12 June 2023 on dividend distribution, has determined the following payment terms:

Initial payment date 05 July 2023

Final date of payment 05 July 2024

After the expiry of the dividend payment term, within the five-year limitation period, any shareholder who has not received his/her dividend will be able to receive it from the Company in cash or by bank transfer after an explicit request for this, sent to the address of the Company’s head office – Sofia, 103 Cherni Vrah Blvd. Unreceived and unclaimed dividends after the expiry of the five-year limitation period shall be credited to the Company’s Reserve Fund.

The dividend payment will be made through the Central Depository AD and in accordance with the requirements of the Public Offering of Securities Act and Ordinance 8 dated 12 December 2003 about the Central Depository, issued by the FSC. For the shareholders whose securities accounts are in Register A of the Central Depository /personal accounts/ the dividend will be paid through the branches of DSK Bank AD. For shareholders whose securities accounts are in Register B of the Central Depository /client sub-account with an investment intermediary/ the dividend will be paid through the respective investment intermediary with the assistance of the Central Depository.

For further information, please visit allterco.com.

About Shelly Group

Shelly Group PLC is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Shelly Group’s products have already conquered over 100 markets. Shelly Group PLC has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker A4L.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


29.06.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Shelly Group PLC taps recurring revenue potential with premium subscription feature for Shelly Smart Control app

EQS-News: Shelly Group PLC / Key word(s): Product Launch
Shelly Group PLC taps recurring revenue potential with premium subscription feature for Shelly Smart Control app
08.08.2023 / 07:30 CET/CEST
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Shelly Group PLC taps recurring revenue potential with premium subscription feature for Shelly Smart Control app

Sofia / Munich, 8 August 2023 – Shelly Group PLC (Ticker: SLYG / ISIN: BG1100003166) (“Shelly Group” / “the Company”), previously Allterco JSCo, is now offering a premium subscription to its exceptionally high-growth Shelly app. The ability to subscribe to premium features provides Shelly with sustainable recurring revenue potential. In the long term, the introduction of paid premium functions serves to continually offer customers new, beneficial services and to expand the app with functions requested by customers.

With currently approx. one million cloud users and double-digit percentage growth of new users, the Shelly Group expects the use of premium functions to grow rapidly. The first notable revenue and earnings contributions are expected from 2024, with substantial dimensions from 2025. After a three-month free trial period, the subscription price is EUR 3.99 per month or EUR 35.99 for annual payment.

Dimitar Dimitrov, Co-CEO of Shelly Group: “I’m really proud of our new Shelly Smart Control app and would like to thank my development team for all their hard work – they managed to not only implement but also push forward even my most challenging ideas. We are all passionate about constantly improving Shelly’s products and solutions. In doing so, our application in the combination of hardware and software is central to our unique selling point in the competitive market: customer benefit. The Shelly Smart Control App is thus of particular importance for customer loyalty.”

Wolfgang Kirsch, Co-CEO of Shelly Group, adds: “We are very excited to introduce the Premium subscription with many new features for paying users with the new version of our popular Shelly Smart Control App as planned. Given the benefits to the smart home experience and energy savings, we are confident that the increasing number of users of the standard version of our app will also translate into significant growth in recurring revenue from the premium features. As a result, the Shelly Smart Control app is contributing to leverage operating results.”

The Shelly Smart Control Premium subscription significantly expands the app’s existing application capabilities with exclusive innovative features, thereby elevating the smart home experience to a new level. In addition to the possibility of a more detailed device log, which allows the user to be aware of all the events of a device, the number of customizable dashboards and virtual actions via Alexa is also significantly increased. In addition, the overview of energy consumption becomes even more precise thanks to minute-by-minute metering. Other new functions take weather information into account and thus offer the possibility of creating scenes based on it. For example, the awning can be automatically extended when the sun is shining and retracted again when it is cloudy. The basic functions of the Shelly Smart Control app can still be used free of charge.

Shelly Smart Control is available on Google Play, Apple App Store, and Huawei AppGallery.

About Shelly Group

Shelly Group PLC is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Shelly Group’s products have already conquered over 100 markets. Shelly Group PLC has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


08.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Shelly Group PLC: Shelly Group PLC: Invitation to unaudited 6M 2023 earnings webcast/call on 17 August 2023

EQS-News: Shelly Group PLC / Key word(s): Half Year Results/Conference
Shelly Group PLC: Shelly Group PLC: Invitation to unaudited 6M 2023 earnings webcast/call on 17 August 2023
10.08.2023 / 15:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group PLC: Invitation to unaudited 6M 2023 earnings webcast/call on 17 August 2023

Sofia / Munich, 10 August 2023 – Shelly Group (Ticker SLYG / ISIN: BG1100003166) (“Shelly Group”), a provider of IoT and smart home products based in Sofia, Bulgaria, cordially invites investors and analysts to the earnings webcast/call on the unaudited 6M 2023 results with Management Board members on 17 August 2023, 09.00 CEST (10.00 EEST).

The 6M 2023 unaudited results will be announced on 16 August 2023 after the close of trading.

Earnings Call:

Co-CEOs Dimitar Dimitrov and Wolfgang Kirsch will comment on the unaudited consolidated 6M 2023 results by means of a webcast presentation. The webcast/call will be held in English.

Please register to participate in the webcast/call at:
Shelly Group PLC – Earnings Call Unaudited 6M 2023.

About Shelly Group

Shelly Group PLC is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 5 subsidiary companies and has offices in Bulgaria, China, USA and Germany. Shelly Group’s products have already conquered over 100 markets. Shelly Group PLC has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


10.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Shelly Group PLC in 6M/23 with acceleration of profitable growth course

EQS-News: Shelly Group PLC / Key word(s): Half Year Results/Half Year Report
Shelly Group PLC in 6M/23 with acceleration of profitable growth course
16.08.2023 / 19:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group PLC in 6M/23 with acceleration of profitable growth course
 

  • Group revenue increased by 53.2% to EUR 28.0 million (BGN 54.8 million)
  • EBIT grew by 79.9% to EUR 7.0 million (BGN 13.6 million)
  • Net profit at Group level increased by 80.3% to EUR 5.8 million (BGN 11.4 million)
  • Shelly cloud user base growth of 46.0% driven by new app to 990 thousand in 6M/23 (31 December 2022: 677 thousand)
  • Outlook 2023 confirmed: Revenue growth of 51.0% to EUR 72.0 million and EBIT to increase by at least 63.5% to more than EUR 17.0 million

Sofia / Munich, 16 August 2023 – Shelly Group (Ticker SLYG / ISIN: BG1100003166) (“Shelly Group”), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has accelerated its strong and profitable growth in 6M/23. Here, the increased investments in sales and R&D structures in the past year continued to contribute significantly. With strong revenue increases in almost all regional markets, German-speaking countries continued to make the largest contribution to growth, more than doubling to EUR 13.2 million. Initial successes in Northern and Southern Europe provide grounds for further growth potential based on the expanded sales structures.

Group figures (unaudited)

in EUR million   6M/23   6M/22  
Group revenues   28.0   18.3   53.2%
EBIT   7.0   3.9   79.9%
Net profit   5.8   3.2   80.3%
             
Equity ratio   82.7%   89.0%   -7.1%
             
Operating cash flow   8.7   -1.6   n/a
Cash and cash equivalents   19.8   14.4   37.5%

Note: The equity ratio comparison is from 30 June 2023 to 31 December 2022. The figures for the six-month period 2023 are unaudited. Rounding differences may occur.

Shelly Group achieved a 53.2% increase in group revenues to EUR 28.0 million (BGN 54.8 million) in the six-month period 2023. Earnings before interest and taxes (EBIT) following the intensified investment in sales and R&D structures in the previous year increased by 79.9% to EUR 7.0 million (BGN 13.6 million). Optimizations in the supply chain and product portfolio more than offset the overall cost increase. Net result at the Group level increased by 80.3% to EUR 5.8 million (BGN 11.4 million).

With an equity ratio of 82.7% as of 30 June 2023, Shelly Group enjoys a solid balance sheet (31 December 2022: 89.0%). Here, the unappropriated profit was offset in particular, by loss carryforwards in connection with the acquisition of a Slovenian company, bonus payments to employees, and the increase in current liabilities for the resolved distribution of dividends.

Cash flow from operating activities in 6M/23 with an inflow of EUR 8.7 million (BGN 17.0 million) reflects in particular the lower inventory level and decreased receivables. With a cash outflow of EUR 1.6 million (BGN 3.1 million), the prior-year period was characterized in particular by increased inventory levels and advance payments to suppliers to proactively manage potential delays in the supply chains. Cash and cash equivalents as of 30 June 2023 increased accordingly to EUR 19.8 million (BGN 38.7 million) compared to EUR 14.4 million (BGN 28.2 million) as of 31 December 2022. Shelly Group maintains a sufficient basis for financing further growth.

Outlook 2023 confirmed

For the current fiscal year 2023, the Board of Directors continues to expect revenue growth of 51.0% to EUR 72.0 million and EBIT to increase by at least 63.5% to more than EUR 17.0 million.

Dimitar Dimitrov, Co-CEO of Shelly Group PLC, commented on product development: “The first half of 2023 has shown that we are very well positioned on the product side with hardware and software to offer customers added value. We will consistently pursue this path of customer-centricity and technology leadership. In 2023, we will launch more new products on the market than ever before – on various technological platforms such as WiFi, Bluetooth, and Z-Wave. We are currently working at full speed on our first Gen3 products with Shelly chip and our new operating system. Here we see a lot of interest from consumer electronics manufacturers to control their devices smart the Shelly way.”

Wolfgang Kirsch, Co-CEO of Shelly Group PLC, added on business performance: “Shelly Group, with its consistent value-for-money focus, is excellently positioned for sustainable growth. We are benefiting from this even in times when the broader smart home market is facing economic challenges. In addition, private households and companies alike are increasingly looking to reduce housing costs without sacrificing quality of life or everyday working conditions. Smart lighting and smart heating are examples of growing demand for Shelly energy efficiency management solutions. Overall, we are therefore extremely confident about the second half of the year and the Company’s further development. “

Earnings Call:

Co-CEOs Dimitar Dimitrov and Wolfgang Kirsch will comment on the unaudited consolidated 6M 2023 results by means of a webcast presentation on 17 August 2023, 09.00 CEST (10.00 EEST). The webcast/call will be held in English.

Please register to participate in the webcast/call at:
Shelly Group PLC – Earnings Call Unaudited 6M 2023.

The unaudited six-month report is available in the Investor Relations section of the Company’s website at allterco.com.

Note: EUR/BGN exchange rate fixed at EUR 1 = BGN 1.95583.

About Shelly Group

Shelly Group PLC is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, China, USA, Slovenia and Germany. Shelly Group’s products have already conquered over 100 markets. Shelly Group PLC has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


16.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Shelly Group AD taps new growth market with consumer clean energy management – Strategic partnership with balcony power plant and energy storage system provider Zendure

EQS-News: Shelly Group PLC / Key word(s): Alliance
Shelly Group AD taps new growth market with consumer clean energy management – Strategic partnership with balcony power plant and energy storage system provider Zendure
01.09.2023 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group AD taps new growth market with consumer clean energy management – Strategic partnership with balcony power plant and energy storage system provider Zendure

Sofia / Munich, 1 September 2023 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166) (“Shelly Group”), a provider of IoT and smart building solutions based in Sofia, Bulgaria, is now tapping into the rapidly growing consumer market in addition to its existing clean energy management solutions for professional users. The strategic partnership with balcony power plant and energy storage system provider Zendure is designed to realize numerous competitive advantages and synergies by combining know-how and sharing resources. These include research and development activities as well as cross-sales via specific e-commerce channels, joint marketing campaigns, and market entry initiatives.

Mini photovoltaic systems, so-called balcony power plants, are becoming increasingly popular among consumers as a way of generating their own environmentally friendly energy and thus becoming less dependent on price increases. As a result, another sustainable growth market is emerging for Shelly Group’s smart building solutions. Additional growth is promised for the balcony power plant market in Germany with new regulations coming into force from 1 January 2024, allowing for higher power generation capacity of up to 800 watts in the future. In addition, bureaucratic obstacles will be removed and registration procedures simplified.

According to a study by the Berlin University of Applied Sciences (HTW), the number of balcony power plants installed in Germany alone has already almost doubled to as many as 190,000 between 2020 and 2021. In addition, more than two-thirds of newly installed solar power systems on private buildings in Germany are now combined with home energy storage. According to industry association SolarPower Europe (SPE), Germany was the largest market in Europe in 2021 with a market share of 59 percent, followed by Italy with 14 percent and Austria with 6 percent, while Sweden and Poland had the highest growth rates. Experts expect average annual growth of over 29 percent across Europe until 2026.

Zendure is a fast-growing energy tech startup based in the tech hubs of Silicon Valley, USA, and with offices in the Greater Bay Area, China, as well as in Japan and Germany. Founded in 2017, the company has extensive and deep experience in clean energy generation, as well as home energy storage and grid feed-in, with numerous patents and awards: SolarFlow balcony energy storage system transforms sunlight into a safe, reliable, and long-lasting energy source, while SuperBase V offers a plug-and-play whole-home energy storage system.

Dimitar Dimitrov, Co-CEO of Shelly Group AD, comments on the collaboration research and development with Zendure: “This partnership once again highlights our expertise in seamlessly integrating and interoperating hardware and software from a wide range of manufacturers and use cases to provide real added value with smart building solutions that take into account both user preferences and energy efficiency. We are all the more pleased to be able to offer end-users solutions for smart energy management, for example for balcony power plants, together with Zendure in the future. Based on our experience with professional users, we want to set new standards for excellence in this market as well.”

Wolfgang Kirsch, Co-CEO of Shelly Group AD, adds on the economic advantages: “With clean energy management solutions for consumers, we are tapping into another sustainable growth market in addition to solutions for professional users. It is a particular advantage that we can draw on both our own experience and structures in clean energy management and those of our strategic partner Zendure. Of course, the cost advantages are also reflected in the prices for our customers: a win-win-win situation.”

Shelly presents smart ideas for the energy transformation at IFA 2023 in Berlin from 1 to 5 September 2023. Come and visit us in Hall 22, Stand 112! More about IFA, the world’s largest trade fair for consumer electronics and household appliances at: https://www.ifa-berlin.com/en/.

About Shelly Group

Shelly Group AD is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, China, USA, Slovenia and Germany. Shelly Group’s products have already conquered over 100 markets. Shelly Group AD has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


01.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Shelly Group enters into ground-breaking partnership with Vodafone

EQS-News: Shelly Group AD / Key word(s): Alliance
Shelly Group enters into ground-breaking partnership with Vodafone
25.09.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group enters into ground-breaking partnership with Vodafone
 

  • Partnership to monitor real-time energy consumption at Vodafone in Africa
  • Shelly Pro Series as powerful energy monitoring system
  • Accelerating growth with professional customers

Sofia / Munich, 25 September 2023 – Shelly Group AD (ticker SLYG / ISIN: BG1100003166) (“Shelly Group”), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has entered into a partnership with Vodafone in Africa. Under the signed group agreement, Shelly Group will equip all Vodafone sites in Africa with Shelly Pro devices. Using Shelly Pro 3EM, Vodacom, Vodafone’s African subsidiary, will be able to measure and monitor energy consumption at its sites. This will provide Vodacom with important real-time information on a central platform for further processing and analysis.

The partnership with global mobile carrier Vodafone is an important milestone for Shelly Group. The partnership will initially give Shelly Group access to all 20 countries where Vodacom is present, as well as further 40 partner networks. However, the activities in Africa are only the first step on the way to a global rollout, as the Shelly pro product line is part of the internal procurement database of the Vodafone Procurement Company (VPC) – the Vodafone Group subsidiary responsible for the procurement and purchasing of goods and services for the entire Vodafone Group.

The partnership with one of the world’s largest mobile operators confirms Shelly Group’s strategy to accelerate cooperation with professional users and thus grow stronger in the larger market compared to the do-it-yourself segment. At the same time, the cooperation with Vodafone underlines the quality and reliability of Shelly products.

Dimitar Dimitrov, Co-CEO of Shelly Group: “This partnership is evidence of our commitment to innovation and excellence, and we are proud to be at the forefront of the industry providing innovative solutions to our customers. We are confident that with this exciting collaboration, we will continue to revolutionize the professional market and set new standards for excellence in the industry”.

Wolfgang Kirsch, Co-CEO of Shelly Group, adds: “The business relationship with Vodafone in Africa is a significant step in the implementation of our strategy in the professional market segment. Our efforts to further develop our product portfolio for professional customers are paying off. With our products, we also help companies with the careful use of resources, in Vodafone’s case through energy savings.”

About Shelly Group

Shelly Group AD is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, China, USA, Slovenia, and Germany. Shelly Group’s products have already conquered over 100 markets. Shelly Group AD has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


25.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Shelly Group broadens free float following successful share placement by major shareholder

EQS-News: Shelly Group AD / Key word(s): Miscellaneous
Shelly Group broadens free float following successful share placement by major shareholder
27.09.2023 / 17:10 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group broadens free float following successful share placement by major shareholder

Sofia / Munich, 27 September 2023 – Shelly Group AD (ticker SLYG / ISIN: BG1100003166) (“Shelly Group”), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has been informed by its major shareholder and member of the Board of Directors Svetlin Todorov about the placement of shares out of his ownership. Svetlin Todorov, co-founder of Shelly Group and head of the Company’s US business, has thus responded to the great interest in shares of the Company based on its strong business performance as well as the general desire of the capital market to broaden the free float, by placing shares representing approximately 2% of the Company’s capital to institutional investors through private placement. The transaction was executed at a price above the average share price of the last 3 months. Svetlin Todorov continues to fully support the development of the Shelly Group and intends to remain a major shareholder of the Company in the future.

Wolfgang Kirsch, Co-CEO of Shelly Group, explained: “Shelly Group welcomes the placement of part of the shares of its co-founder Svetlin Todorov. With the broadening of the free float and the associated increase in liquidity, Shelly shares are becoming more and more attractive for institutional investors. We consider the obvious interest in the placement in the current challenging market environment for small caps as a clear sign of confidence in our business model and our positioning in the market. In addition to broadening our shareholder base, we continue to strive for inclusion in Xetra trading.”

About Shelly Group

Shelly Group AD is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Germany, and Slovenia as well as in China and USA. Shelly Group’s products have already conquered over 100 markets. Shelly Group AD has been listed on the Bulgarian Stock Exchange since December 2016 and in the Prime Standard of the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


27.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Shelly Group tops mark of 10 million smart home devices sold for first time in Company’s history

EQS-News: Shelly Group AD / Key word(s): Miscellaneous
Shelly Group tops mark of 10 million smart home devices sold for first time in Company’s history
05.10.2023 / 18:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group tops mark of 10 million smart home devices sold for first time in Company’s history

Sofia / Munich, 5 October 2023 – Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has topped the mark of 10 million devices sold since the launch of Shelly-branded smart home solutions in 2018, which is more than twice as many devices in the market as a European competitor of comparable size. Compared to year-end 2022, the total number of Shelly devices sold thus increased by around 2.5 million alone. The number of Shelly app users increased by around 63% to 1.1 million in the same period.

Dimitar Dimitrov, Co-CEO and Co-Founder of Shelly Group: “I am more than proud of what we have achieved in less than five years since the launch of the first Shelly products. More than 10 million devices sold to date and a steadily growing customer base of 1.1 million users of our Shelly App speak for themselves. From the very beginning, the added value we offer our customers has been at the heart of the continuous development of our powerful and feature-rich hardware and our flexible and forward-looking software. We will continue on this path of technology leadership and continuous improvement of the customer experience, thanks to our motivated, talented, and international team.”

About Shelly Group

Shelly Group AD is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Germany, and Slovenia as well as in China and USA. Shelly Group’s products have already conquered over 100 markets. Shelly Group AD has been listed on the Bulgarian Stock Exchange since December 2016 and in the Prime Standard of the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


05.10.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Shelly Group expands production capacity taking into account further growing demand

EQS-News: Shelly Group AD / Key word(s): Miscellaneous
Shelly Group expands production capacity taking into account further growing demand
31.10.2023 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group expands production capacity taking into account further growing demand

Sofia / Munich, 31 October 2023 – Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166), a provider of IoT and smart building solutions based in Sofia, Bulgaria, continues to experience growing demand for its energy efficiency management products and solutions, as well as plug-and-play and recently launched new Bluetooth and Z-Wave products. To increase supply volumes accordingly for the upcoming Black Friday and Christmas shopping season, Shelly ramped up two new production lines at its partner factory in China, which will also provide capacity for planned growth in 2024. The two new production lines represent a potential revenue contribution of up to EUR 30 million per year. This is part of Shelly’s growth strategy for reaching the sales growth of 43% per year on average to over EUR 200 million by the end of 2026 as envisaged in the medium-term guidance.

Dimitar Dimitrov, Co-CEO of Shelly Group: “We are very pleased so soon after the recent announcement of more than 10 million units sold that we can now announce an expansion of our production capacity driven by current demand. The continuous expansion of our technology portfolio and the associated broadening of the product range for both end consumers and professional users is bearing fruit. As such, we are very proud of the increasing demand for our energy management solutions and products from industrial and professional users. The Z-Wave products for smart home solutions and intelligent building systems acquired under the Qubino brand at the beginning of the current fiscal year are also already paying off on the Company’s success.”

Wolfgang Kirsch, Co-CEO of Shelly Group, adds: “The ramp-up of new production lines is evidence of Shelly’s successful business development in the current economic environment and also marks an important milestone in the continuation of our growth strategy. Based on the increasing importance of energy efficiency management and smart building solutions, as well as our success in tapping and developing attractive niche markets, we remain on track to achieve our medium-term guidance.”

About Shelly Group

Shelly Group AD is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Germany, and Slovenia as well as in China and USA. Shelly Group’s products have already conquered over 100 markets. Shelly Group AD has been listed on the Bulgarian Stock Exchange since December 2016 and in the Prime Standard of the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


31.10.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Shelly Group: Invitation to unaudited 9M 2023 earnings webcast/call on 14 November 2023

EQS-News: Shelly Group AD / Key word(s): 9 Month figures/Conference
Shelly Group: Invitation to unaudited 9M 2023 earnings webcast/call on 14 November 2023
09.11.2023 / 15:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group: Invitation to unaudited 9M 2023 earnings webcast/call on 14 November 2023

Sofia / Munich, 9 November 2023 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166) (“Shelly Group”), a provider of IoT and smart building solutions based in Sofia, Bulgaria, cordially invites investors and analysts to the earnings webcast/call on the unaudited 9M 2023 results with Management Board members on 14 November 2023, 09.00 CET (10.00 EET).

The 9M 2023 unaudited results will be announced on 13 November 2023 after the close of trading.

Earnings Call:

Co-CEOs Dimitar Dimitrov and Wolfgang Kirsch will comment on the unaudited consolidated 9M 2023 results by means of a webcast presentation. The webcast/call will be held in English.

Please register to participate in the webcast/call at:
Shelly Group – Earnings Call Unaudited 9M 2023.

About Shelly Group

Shelly Group AD is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Germany, and Slovenia as well as in China and USA. Shelly Group’s products have already conquered over 100 markets. Shelly Group AD has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


09.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Shelly Group remains on track with continued high revenue and earnings growth in 9M 2023

EQS-News: Shelly Group AD / Key word(s): Quarterly / Interim Statement/9 Month figures
Shelly Group remains on track with continued high revenue and earnings growth in 9M 2023
13.11.2023 / 21:25 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group remains on track with continued high revenue and earnings growth in 9M 2023
 

  • Group revenue increased by 49.3% to EUR 44.1 million (BGN 86.3 million)
  • EBIT grew by 68.6 to EUR 11.9 million (BGN 23.2 million)
  • Net profit at Group level increased by 65.6% to EUR 9.9 million (BGN 19.4 million)
  • Shelly cloud user base growth of 62.5% driven by new app to 1.1 million in 9M/23 (31 December 2022: 677 thousand)
  • Outlook 2023 confirmed: Revenue growth of 51.0% to EUR 72.0 million and EBIT to increase by at least 63.5% to more than EUR 17.0 million

Sofia / Munich, 13 November 2023 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166) (“Shelly Group”), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has continued its encouraging business performance recorded in the first half of the year throughout the third quarter of 2023, despite geopolitical uncertainties. The lighting and energy management markets in particular showed strong growth. With a positive revenue trend in all focus markets, the German-speaking region continued to make the largest contribution to growth, more than doubling to EUR 22.1 million. Northern and Southern Europe are developing promisingly.

Group figures (unaudited)

in EUR million   9M/23   9M/22  
Group revenues   44.1   29.6   49.3%
EBIT   11.9   7.0   68.6%
Net profit   9.9   6.0   65.6%
             
Equity ratio   84.6%   89.0%   -5.0%
             
Operating cash flow   9.6   -2.5   n/a
Cash and cash equivalents   18.1   14.3   25.6%

Note: The equity ratio comparison is from 30 September 2023 to 31 December 2022. The figures for the nine-month period 2023 are unaudited. Rounding differences may occur.

Shelly Group achieved a 49.3% increase in group revenues to EUR 44.1 million (BGN 86.3 million) in the nine-month period 2023. Earnings before interest and taxes (EBIT) following the intensified investment in sales and R&D structures in the previous year increased by 68.6% to EUR 11.9 million (BGN 23.2 million). Optimizations in the supply chain and product portfolio more than offset the overall cost increase. Net result at the Group level increased by 65.6% to EUR 9.9 million (BGN 19.4 million).

With an equity ratio of 84.6% as of 30 September 2023, Shelly Group enjoys a solid balance sheet (31 December 2022: 89.0%). Here, the unappropriated profit was offset in particular, by an increase in trade liabilities in connection with the expansion of business activities. In addition, loss carryforwards in connection with the acquisition of a Slovenian company, bonus payments to employees, and the distribution of dividends were noticeable.

Cash flow from operating activities in the nine-month period 2023 with an inflow of EUR 9.6 million (BGN 18.8 million) reflects in particular a lower inventory level alongside an increase in receivables. With a cash outflow of EUR 2.5 million (BGN 4.9 million), the prior-year period was characterized in particular by increased inventory levels and advance payments to suppliers to proactively manage potential delays in the supply chains. Cash and cash equivalents as of 30 September 2023 increased accordingly to EUR 18.1 million (BGN 35.4 million) compared to EUR 14.4 million (BGN 28.2 million) as of 31 December 2022. Shelly Group maintains a sufficient basis for financing further growth.

Outlook 2023 confirmed

For the current fiscal year 2023, the Board of Directors continues to expect revenue growth of 51.0% to EUR 72.0 million and EBIT to increase by at least 63.5% to more than EUR 17.0 million.

Dimitar Dimitrov, Co-CEO of Shelly Group, commented on product development: “In the nine-month period of 2023, we more than quadrupled the number of product launches compared to the previous year to 22 devices. And we still have surprises in the pipeline for the fourth quarter to offer customers added value. Our customer focus and technological leadership through new functions and areas of application are paying off, as is the expansion of our research and development team. The Gen3 products with Shelly chip are due for market launch in 2024 and we want the Gen4 products to follow in 2025. In doing so, we remain well ahead of technology trends in the market. This lead, combined with our very strong value-for-money positioning, has always been the foundation of Shelly’s success.”

Wolfgang Kirsch, Co-CEO of Shelly Group, added on business performance: “The Shelly Group continued its encouraging business performance recorded in the first half of the year throughout the third quarter of 2023, despite the geopolitical uncertainties. Particularly in challenging times, we can score points with the consistent value-for-money focus of our products, as demonstrated by the strong demand in the areas of lighting and energy management. The same applies to the professional sector, for example in the partnership with Vodafone for energy management in Africa or with Zendure for photovoltaic balcony power plants. Our core markets are developing splendidly and the rest of Europe and our US business are also showing an increasingly positive trend. With the recent expansion of production capacities, we are prepared for further company growth.“

Earnings Call:

Co-CEOs Dimitar Dimitrov and Wolfgang Kirsch will comment on the unaudited consolidated 9M 2023 results by means of a webcast presentation on 14 November 2023, 09.00 CET (10.00 EET). The webcast/call will be held in English.

Please register to participate in the webcast/call at:
Shelly Group – Earnings Call Unaudited 9M 2023.

The unaudited nine-month report is available in the Investor Relations section of the Company’s website at allterco.com.

Note: EUR/BGN exchange rate fixed at EUR 1 = BGN 1.95583.

About Shelly Group

Shelly Group AD is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Germany, and Slovenia as well as in China and USA. Shelly Group’s products have already conquered over 100 markets. Shelly Group AD has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker SLYG.

Contact Investor Relations

CROSS ALLIANCE communication GmbH
Sven Pauly
Phone: +49 89 125 09 0331
Mail: sp@crossalliance.de
www.crossalliance.de


13.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Shelly Group AD: Svetlin Todorov, sell

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
27.09.2023 / 16:55 CET/CEST
The issuer is solely responsible for the content of this announcement.

1. Details of the person discharging managerial responsibilities / person closely associated

a) Name

Title:
First name: Svetlin
Last name(s): Todorov

2. Reason for the notification

a) Position / status

Position: Member of the Board of Directors

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name

Shelly Group AD

b) LEI

8945007IDGKD0KZ4HD95 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code

Type: Share
ISIN: BG1100003166

b) Nature of the transaction

Disposal

c) Price(s) and volume(s)

Price(s) Volume(s)
19.00 EUR 6,868,500.00 EUR

d) Aggregated information

Price Aggregated volume
19.00 EUR 6,868,500.000 EUR

e) Date of the transaction

2023-09-26; UTC+2

f) Place of the transaction

Outside a trading venue


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Shelly Group AD: Dimitar Dimitrov, sell

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
02.10.2023 / 16:45 CET/CEST
The issuer is solely responsible for the content of this announcement.

1. Details of the person discharging managerial responsibilities / person closely associated

a) Name

Title:
First name: Dimitar
Last name(s): Dimitrov

2. Reason for the notification

a) Position / status

Position: Chief Executive Officer (CEO)

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name

Shelly Group AD

b) LEI

8945007IDGKD0KZ4HD95 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code

Type: Share
ISIN: BG1100003166

b) Nature of the transaction

Disposal

c) Price(s) and volume(s)

Price(s) Volume(s)
37.161 BGN 2,638,431.000 BGN

d) Aggregated information

Price Aggregated volume
37.161 BGN 2,638,431.000 BGN

e) Date of the transaction

2023-09-28; UTC+2

f) Place of the transaction

Outside a trading venue


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Shelly Group PLC: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Shelly Group PLC: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
21.08.2023 / 19:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group PLC: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Sofia / Munich, 21 August 2023 – Shelly Group PLC (ticker SLYG / ISIN: BG1100003166) (“Shelly Group” / “the Company”), previously: Allterco JSCo, a provider of IoT and smart home products based in Sofia, Bulgaria, herewith and within the legally established term informs that the following notification under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council was received at the office of Shelly Group PLC:

Notification under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council from Mr. Wolfgang Kirsch, in his capacity as a person discharging managerial responsibilities and namely – as Chief Executive Officer of Shelly Group PLC, of transactions conducted by this person and on his own account as follows: purchasing of in total 1,300 shares of Shelly Group PLC (ISIN BG1100003166) on 17 August 2023 through the Frankfurt Stock Exchange at an average price of EUR 20.00 per share and namely:

  • Purchase of 400 shares at EUR 20.00 per share;
  • Purchase of 900 shares at EUR 20.00 per share.

The transaction is not linked to the exercise of share option programs.

For further information, please visit allterco.com.

Investor Relations Contact

CROSS ALLIANCE communication GmbH
Sven Pauly
Tel: +49 89 125 09 0331
E-Mail: sp@crossalliance.de
www.crossalliance.de


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DGAP-DD: Allterco JSCo english

Allterco JSCo: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
07.12.2021 / 19:15
The issuer is solely responsible for the content of this announcement.

Sofia / Munich, 7 December 2021 –  Allterco JSCo (ticker A4L / ISIN: BG1100003166) (‘Allterco’), a provider of IoT and smart home products based in Sofia, Bulgaria, herewith and within the legally established term informs that the following notifications under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council were received at the office of Allterco JSCo:

  • Notification by Allterco Robotics EOOD of а transaction performed by the company on 02.12.2021 outside the regulated market – through the Managing Company Expat Asset Management and namely – disposal of 9,117 shares (ISIN BG1100003166) of Allterco JSCo – additional remuneration of employees of Allterco Robotics EOOD, at average price of BGN 24.40 per share. The notification was submitted by Allterco Robotics EOOD as a person closely associated with a person discharging managerial responsibilities and namely – Mr. Svetozar Iliev, who is a manager of Allterco Robotics EOOD and CFO of Allterco JSCo.
  • Notification by Mr. Svetozar Iliev, as a person discharging managerial responsibilities, of а transaction performed by him on 02.12.2021 outside the regulated market – through the Managing Company Expat Asset Management and namely – acquisition of 1,750 shares (ISIN BG1100003166) of Allterco JSCo – additional remuneration in his capacity as an employee – general manager of Allterco Robotics EOOD, at price of BGN 24.40 per share.

For further information, please visit allterco.com.

Investor Relations contact
CROSS ALLIANCE Kommunikation GmbH
Sven Pauly
Telefon: +49 (0) 89-1250903-31
E-Mail: sp@crossalliance.de
www.crossalliance.de


07.12.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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DGAP-DD: Allterco JSCo english

Allterco JSCo: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
16.12.2021 / 19:15
The issuer is solely responsible for the content of this announcement.

Sofia / Munich, 16 December 2021 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (‘Allterco’), a provider of IoT and smart home products based in Sofia, Bulgaria herewith and within the legally established term informs that the following notifications under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council were received at the office of Allterco JSCo:

Notification by IMPETUS CAPITAL OOD, in its capacity as a person closely associated with a person discharging managerial responsibilities and namely – Nikolay Angelov Martinov – member of the Board of Directors of Allterco JSCo, of transactions conducted by IMPETUS CAPITAL OOD and on the own account of this entity as follows:

  • Repurchase agreement (repo) (an opening transaction) for 135 000 shares of Allterco JSCo, (ISIN BG1100003166) at price of BGN 1.90 per share, on 13.12.2021 outside the regulated market through the investment intermediary Elana Trading AD.
  • Repurchase agreement (repo) (a closing transaction) for 135 000 shares of Allterco JSCo, (ISIN BG1100003166) at price of BGN 1.971 per share, on 13.12.2021 outside the regulated market through the investment intermediary Elana Trading AD.

For further information, please visit allterco.com.

Investor Relations Contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Tel: +49 89 125 09 0331
E-Mail: sp@crossalliance.de
www.crossalliance.de


16.12.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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DGAP-DD: Allterco JSCo english

Allterco JSCo: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
07.06.2022 / 16:30
The issuer is solely responsible for the content of this announcement.

Allterco JSCo: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Sofia / Munich, 7 Juni 2022 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, herewith and within the legally established term informs that the following notification under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council was received at the office of Allterco JSCo:

Notification under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council from IMPETUS CAPITAL OOD, in its capacity as a person closely associated with a person discharging managerial responsibilities and namely – Nikolay Angelov Martinov – member of the Board of Directors of Allterco JSCo, of a transaction conducted by IMPETUS CAPITAL OOD and on the own account of this entity as follows:

  • Repurchase agreement (repo) (a closing transaction) for 135,000 shares of Allterco JSCo, (ISIN BG1100003166) at a price of BGN 1.969 per share, on 03.06.2022 outside the regulated market through the investment intermediary Elana Trading AD.

The transaction is not linked to the exercise of share option programs.

For further information, please visit allterco.com.

Investor Relations contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Tel: +49 (0) 89-1250903-31
E-Mail: sp@crossalliance.de
www.crossalliance.de


07.06.2022 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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DGAP-DD

English2022english2022
DGAP-DD: Allterco JSCo english

Allterco JSCo: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
05.07.2022 / 11:30
The issuer is solely responsible for the content of this announcement.

Allterco JSCo: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Sofia / Munich, 5 July 2022 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria herewith and within the legally established term informs that the following notification under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council was received at the office of Allterco JSCo:

Notification under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council from IMPETUS CAPITAL OOD, in its capacity as a person closely associated with a person discharging managerial responsibilities and namely – Nikolay Angelov Martinov – member of the Board of Directors of Allterco JSCo, of a transaction conducted by IMPETUS CAPITAL OOD and on the own account of this entity as follows:

  • Pledge of 162,000 shares of Allterco JSCo, (ISIN BG1100003166) on 30.06.2022 outside the regulated market.

The transaction is not linked to the exercise of share option programs. 

For further information, please visit allterco.com.

Investor Relations Contact
CROSS ALLIANCE communication GmbH
Sven Pauly
Tel: +49 89 125 09 0331
E-Mail: sp@crossalliance.de
www.crossalliance.de


05.07.2022 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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DGAP-DD

English2022english2022
Allterco JSCo: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Allterco JSCo: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
19.05.2023 / 17:40 CET/CEST
The issuer is solely responsible for the content of this announcement.

Allterco JSCo: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Sofia / Munich, 19 May 2023 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, herewith and within the legally established term informs that the following notification under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council was received at the office of Allterco JSCo:

Notification under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council from Mr. Wolfgang Kirsch, in his capacity as a person discharging managerial responsibilities and namely – as Chief Executive Officer of Allterco JSCo, of transactions conducted by this person and on his own account as follows: purchasing of in total 4,100 shares of Allterco JSCo, (ISIN BG1100003166) on 16 May 2023 through XFRA (Frankfurt Stock Exchange) at average price of EUR 12.10 per share and namely:

  • Purchase of 600 shares at EUR 12.10 per share;
  • Purchase of 1,500 shares at EUR 12.10 per share;
  • Purchase of 2,000 shares at EUR 12.10 per share.

The transactions are not linked to the exercise of share option programs.

For further information, please visit allterco.com.

Investor Relations Contact

CROSS ALLIANCE communication GmbH
Sven Pauly
Tel: +49 89 125 09 0331
E-Mail: sp@crossalliance.de
www.crossalliance.de


19.05.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Shelly Group PLC: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Shelly Group PLC: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
03.07.2023 / 18:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

Shelly Group PLC: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Sofia / Munich, 3 Juy 2023 – Shelly Group PLC (ticker A4L / ISIN: BG1100003166) (“Shelly Group” / “the Company”), previously: Allterco JSCo, a provider of IoT and smart home products based in Sofia, Bulgaria, herewith and within the legally established term informs that the following notification under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council was received at the office of Shelly Group PLC:

Notification under Art. 19, para. 1 of Regulation (EU) № 596/2014 of the European Parliament and of the Council from Mr. Svetozar Iliev, in his capacity as a person discharging managerial responsibilities and namely – as Chief Financial Officer of Shelly Group PLC and Managing Director of “Allterco Robotics” EOOD, of transactions conducted by this person and on his own account in his capacity as employee – and as follows: purchasing of in total 4,619 shares of Shelly Group PLC (ISIN BG1100003166) from the capital increase of Shelly Group PLC, that was addressed to employees of the Company and its subsidiaries (including managers), on 29 June 2023 through the investment intermediary Karoll AD at an average price of EUR 1.00 per share.

The transactions are not linked to the exercise of share option programs.

For further information, please visit allterco.com.

Investor Relations Contact

CROSS ALLIANCE communication GmbH
Sven Pauly
Tel: +49 89 125 09 0331
E-Mail: sp@crossalliance.de
www.crossalliance.de


03.07.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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EQS-DD

English2023english2023