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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Shelly Group
Shelly Group (SLYG) investor relations material
Shelly Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary13 Aug, 2026
Executive summary
Achieved strong H1 2026 results, with revenue and EBIT meeting targets, gross profit exceeding expectations, and profitability and cash generation improving year-over-year, driven by supply chain optimization, expanding installer network, and product innovation including AI integration.
Strategic shift from smart home to broader building and energy management solutions, opening larger markets and supporting ecosystem growth.
Signed major distribution contracts, expanded presence in DACH and rest of Europe, made significant progress in the U.S. market, and onboarded new distributors and installers.
Premium service user base and monetization continued to rise, with new product launches and AI-driven efficiency set to drive H2 acceleration.
Interim consolidated financial statements prepared as of June 30, 2026, with all figures in thousands of euros following Bulgaria's adoption of the euro as official currency from January 1, 2026.
Financial highlights
H1 2026 revenue reached €68.3M, up 26.5% year-over-year; EBIT was €17.7M, up 46% year-over-year, with a 26% EBIT margin; two-year CAGR of ~28%.
Net income rose 51% year-over-year to €15.4M; EPS increased to €0.85 from €0.56; net income margin at 22.6%.
Gross profit grew 39% year-over-year to €41.8M, with gross margin expanded to 61.2%.
Cash position nearly €32M at Q2 end, up 72% year-over-year and 61.1% since March 2026, with €18M net cash inflow since year start.
Operating cash flow tripled year-over-year to €22.3M; equity ratio exceeded 80%.
Outlook and guidance
FY26 guidance confirmed: €195-205M revenue, €47-52M EBIT; cash position expected to reach €35M–€45M by year-end.
H2 expected to be strong, with key contributions from new product launches, geographic expansion, and seasonal factors.
U.S. market ramp-up anticipated in 2027; further international expansion under consideration.
Management expects continued growth in sales and inventory levels, driven by expanding product assortment and market reach.
No direct impact anticipated from ongoing geopolitical conflicts; supply chains remain stable.
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Next Shelly Group earnings date
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Shelly Group
Next Shelly Group earnings date
Q3 202611 Nov, 2026
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Frequently asked questions
Shelly Group AD develops and manufactures smart home automation solutions, specializing in IoT-enabled devices that allow users to remotely monitor and control lighting, climate, energy usage, and security systems. Known for its product lines of wireless relays, sensors, and controllers, the company serves both residential and commercial markets, aiming to enhance convenience, energy efficiency, and connectivity in smart environments. Shelly Group’s devices are designed for easy integration with popular home automation platforms, offering compatibility and control through mobile applications. The company is headquartered in Sofia, Bulgaria, and its shares are listed on the Bulgarian Stock Exchange.