Shelly Group SE, a Sofia-based provider of IoT and smart building solutions, will be included in Germany's SDAX index, effective April 10, 2026. The SDAX comprises the 70 largest companies in the German equity market below the DAX and MDAX, based on free float market capitalization and trading volume. This inclusion results from the company's consistently executed capital markets strategy, which included a secondary listing in the Prime Standard of the Frankfurt Stock Exchange in November 2021, commencement of trading on XETRA in April 2024, and targeted increases in free float through placements by founders.
Dimitar Dimitrov, Co-CEO and Co-Founder of Shelly Group SE, stated that the inclusion marks a significant milestone and confirms the execution of the company's growth and capital markets strategy. He noted that Shelly Group is the first Bulgarian company to be admitted to trading on XETRA and now the first to be included in the SDAX. Wolfgang Kirsch, Co-CEO, added that the inclusion enters Shelly into a new phase in its capital markets development, with increased visibility among institutional investors and inclusion in index-based investment strategies expected to further enhance share liquidity.
Shelly Group is among the dynamically growing providers of smart home and building automation solutions worldwide. In the 2025 financial year, the company generated consolidated revenues of EUR 149.7 million, representing growth of more than 40% year-over-year. For 2026, Shelly Group expects revenues in the range of EUR 195 million to EUR 205 million, continuing its growth trajectory. The company develops, designs, and distributes IoT and smart building solutions for DIY and professional users, offering advanced technology, seamless interoperability, and technological flexibility. Products enable remote control, automation, and energy management of electrical appliances and smart building solutions via smartphones, PCs, or third-party home automation systems.
The inclusion in the SDAX carries implications for the technology and business sectors, particularly in IoT and smart building markets. For industry leaders, it signals the maturation of a European tech player and may influence investment flows into smart infrastructure companies. The broader visibility could accelerate adoption of IoT solutions in commercial and residential markets, as institutional investor interest often correlates with market validation and growth potential. For the global tech landscape, Shelly Group's rise from a Bulgarian base to a listed entity on a major European index underscores the decentralization of innovation hubs beyond traditional Silicon Valley or Western European centers.
Shelly Group benefits from asset-light production through contract manufacturers and has a strong presence in German-speaking countries, with products in over 100 countries. Sales organizations operate in regions including DACH, Benelux, the Nordics, Iberia, Poland, Italy, France, the United Kingdom, Bulgaria, Slovenia, the United States, and China. Additional information is available through its investor relations contact at CROSS ALLIANCE communication GmbH. The original release can be viewed on NewMediaWire.
