Income Statement Shelly Group SE

Equities

SLYG

BG1100003166

Phones & Handheld Devices

End-of-day quote Bulgaria S.E. Other stock markets 2025-06-26			5-day change	1st Jan Change
49.40 ^EUR	+0.61%		+3.78%	+47.02%

Jun. 17	What impact will Bulgaria's entry into the eurozone have on the stockmarket?
Jun. 03	Shelly Group Se Expands Production for Accelerated Growth	CI

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Published financial data: SHELLY GROUP SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	46.34M	59.51M	93.18M	147M	209M
Total Revenues	46.34M	59.51M	93.18M	147M	209M
Cost of Goods Sold, Total	25.85M	26.72M	46.33M	63.5M	84.85M
Gross Profit	20.49M	32.79M	46.85M	83.04M	124M
Selling General & Admin Expenses, Total	8.29M	14.87M	24.42M	37.5M	75.16M
Provision for Bad Debts	-	97K	1.88M	1.52M	-
Other Operating Expenses	-399K	147K	630K	5.34M	-337K
Other Operating Expenses, Total	7.89M	15.11M	26.93M	44.36M	74.82M
Operating Income	12.6M	17.68M	19.92M	38.69M	49.03M
Interest Expense, Total	-117K	-109K	-122K	-96K	-206K
Interest And Investment Income	-	8K	-	18K	20K
Net Interest Expenses	-117K	-101K	-122K	-78K	-186K
Income (Loss) On Equity Invest.	-	32K	118K	49K	-25K
Currency Exchange Gains (Loss)	-499K	866K	734K	-622K	1.41M
Other Non Operating Income (Expenses)	-20K	-45K	-77K	-28K	-57K
EBT, Excl. Unusual Items	11.97M	18.43M	20.57M	38.01M	50.17M
Impairment of Goodwill	-480K	-	-	-34K	-
Gain (Loss) On Sale Of Investments	3.45M	250K	-119K	1.44M	-
Gain (Loss) On Sale Of Assets	-4K	-23K	-	-1.19M	-
Asset Writedown	-3K	-	-263K	294K	-
Insurance Settlements	-	26K	-	-	44K
Other Unusual Items	23K	40K	39K	-981K	92K
EBT, Incl. Unusual Items	14.95M	18.72M	20.23M	37.53M	50.3M
Income Tax Expense	1.51M	2.76M	2.8M	4.58M	6.8M
Earnings From Continuing Operations	13.44M	15.96M	17.43M	32.95M	43.51M
Earnings Of Discontinued Operations	-1.28M	-	-	-	1.24M
Net Income to Company	12.15M	15.96M	17.43M	32.95M	44.75M
Minority Interest	419K	-	-	644K	186K
Net Income - (IS)	12.57M	15.96M	17.43M	33.59M	44.93M
Net Income to Common Incl Extra Items	12.57M	15.96M	17.43M	33.59M	44.93M
Net Income to Common Excl. Extra Items	13.86M	15.96M	17.43M	33.59M	43.69M
Per Share Items
Net EPS - Basic	0.88	0.89	0.97	1.87	2.49
Basic EPS - Continuing Operations	0.96	0.89	0.97	1.87	2.42
Basic Weighted Average Shares Outstanding	14.37M	18M	17.98M	18M	18.08M
Net EPS - Diluted	0.88	0.89	0.97	1.87	2.49
Diluted EPS - Continuing Operations	0.96	0.89	0.97	1.87	2.42
Diluted Weighted Average Shares Outstanding	14.37M	18M	17.98M	18M	18.08M
Normalized Basic EPS	0.55	0.64	0.72	1.36	1.74
Normalized Diluted EPS	0.55	0.64	0.72	1.36	1.74
Dividend Per Share	0.2	0.1	0.25	0.25	-
Payout Ratio	1.97	21.53	10.33	13.4	10.21
Supplemental Items
EBITDA	13.65M	18.68M	20.81M	39.64M	50.63M
EBITA	13.05M	18.14M	20.46M	39.28M	50.14M
EBIT	12.6M	17.68M	19.92M	38.69M	49.03M
Effective Tax Rate - (Ratio)	10.1	14.74	13.83	12.22	13.52
Total Current Taxes	1.58M	2.35M	3.02M	5.21M	6.18M
Total Deferred Taxes	-66K	413K	-220K	-624K	622K
Normalized Net Income	7.9M	11.52M	12.86M	24.4M	31.54M
Interest on Long-Term Debt	6K	2K	4K	4K	32K
Non-Cash Pension Expense	-	-	1K	0	-
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	30.79M
Selling and Marketing Expenses	542K	2.7M	3.98M	10.17M	38.97M
General and Administrative Expenses	7.74M	12.17M	20.44M	27.33M	36.2M
Research And Development Expense From Footnotes	-	-	-	-	832K
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	26.05M	30.54M	28.15M	30.78M	27.35M
Total Cash And Short Term Investments	26.05M	30.54M	28.15M	30.78M	27.35M
Accounts Receivable, Total	13.95M	12.4M	21.65M	52.28M	70.13M
Other Receivables	709K	1.86M	3.52M	6.14M	5.32M
Notes Receivable	-	-	-	550K	-
Total Receivables	14.66M	14.27M	25.16M	58.97M	75.45M
Inventory	3.66M	7.56M	23M	18.27M	45.56M
Prepaid Expenses	42K	234K	512K	338K	942K
Other Current Assets, Total	2.68M	6.81M	279K	112K	622K
Total Current Assets	47.09M	59.41M	77.11M	108M	150M
Gross Property Plant And Equipment	-	6.72M	7.26M	8.73M	16.24M
Accumulated Depreciation	-	-1.82M	-2.31M	-2.93M	-3.02M
Net Property Plant And Equipment	5.11M	4.91M	4.95M	5.8M	13.23M
Long-term Investments	6.57M	2.66M	988K	403K	160K
Goodwill	2.8M	160K	160K	3.51M	3.64M
Other Intangibles, Total	3.64M	3.12M	4.22M	7.55M	13.36M
Accounts Receivable Long-Term	-	2.05M	1.03M	1.03M	-
Deferred Tax Assets Long-Term	485K	72K	348K	926K	303K
Other Long-Term Assets, Total	-	19K	-	-	-
Total Assets	65.69M	72.4M	88.8M	128M	181M
Liabilities
Accounts Payable, Total	1.55M	931K	1.8M	3.78M	9.39M
Accrued Expenses, Total	402K	1.25M	3.58M	6.35M	6.27M
Short-term Borrowings	-	-	150K	201K	305K
Current Portion of Long-Term Debt	511K	572K	518K	469K	519K
Current Portion of Leases	75K	58K	161K	216K	1.36M
Current Income Taxes Payable	283K	354K	530K	649K	1.27M
Unearned Revenue Current, Total	89K	556K	130K	329K	433K
Other Current Liabilities	3.4M	1.03M	1.1M	4.43M	2.15M
Total Current Liabilities	6.31M	4.75M	7.97M	16.42M	21.7M
Long-Term Debt	2.52M	2.01M	1.49M	1.02M	-
Long-Term Leases	31K	80K	157K	369K	9.9M
Pension & Other Post Retirement Benefits	-	-	112K	271K	327K
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	8.86M	6.83M	9.73M	18.08M	31.93M
Common Stock, Total	18M	18M	18M	18.05M	18.11M
Additional Paid In Capital	5.7M	5.4M	5.4M	5.4M	5.4M
Retained Earnings	33.29M	41.19M	56.92M	85.97M	125M
Treasury Stock	-138K	-	-780K	-	-
Comprehensive Income and Other	280K	975K	-468K	956K	434K
Total Common Equity	57.13M	65.57M	79.07M	110M	149M
Minority Interest	-296K	-	-	-776K	-530K
Total Equity	56.84M	65.57M	79.07M	110M	149M
Total Liabilities And Equity	65.69M	72.4M	88.8M	128M	181M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	18M	18M	17.96M	18.05M	18.11M
ECS Total Common Shares Outstanding	-	18M	17.96M	18.05M	18.11M
Book Value / Share	3.17	3.64	4.4	6.11	8.24
Tangible Book Value	50.69M	62.3M	74.69M	99.32M	132M
Tangible Book Value Per Share	2.82	3.46	4.16	5.5	7.3
Total Debt	3.14M	2.72M	2.47M	2.27M	12.08M
Net Debt	-22.92M	-27.82M	-25.67M	-28.5M	-15.27M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	112K	271K	-
Minority Interest, Total (Incl. Fin. Div)	-296K	-	-	-776K	-530K
Equity Method Investments, Total	-	40K	158K	403K	160K
Account Code - Inventory Valuation	5	5	6	6	6
Inventories - Raw Materials, Total	68K	454K	312K	22K	6.21M
Inventories - Finished Goods, Total	3.59M	7.11M	22.69M	18.25M	39.34M
Land - (BS)	-	1.48M	1.48M	1.48M	-
Buildings, Total	-	3.03M	3.09M	3.09M	314K
Machinery, Total	-	1.55M	1.87M	2.63M	2.86M
Full Time Employees	102	102	152	195	277
Accumulated Allowance for Doubtful Accounts (Supple)	-	237K	526K	2.04M	336K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	12.57M	15.96M	17.43M	33.59M	44.93M
Depreciation & Amortization - CF	650K	584K	418K	558K	872K
Amortization of Goodwill and Intangible Assets - (CF)	444K	467K	542K	593K	1.11M
Depreciation & Amortization, Total	1.09M	1.05M	960K	1.15M	1.98M
Amortization of Deferred Charges, Total - (CF)	-	17K	68K	51K	7K
Asset Writedown & Restructuring Costs	-	-	-	-	-
Other Operating Activities, Total	-9.61M	-8.9M	-18.19M	-19.77M	-41.55M
Change In Accounts Receivable	-	-	-	-	-
Change In Accounts Payable	-	-	-	-	-
Cash from Operations	4.06M	8.12M	271K	15.02M	5.38M
Capital Expenditure	-2.87M	-1.58M	-2.18M	-4.76M	-7.61M
Sale of Property, Plant, and Equipment	10K	44K	-	84K	-
Investment in Marketable and Equity Securities, Total	4.79M	2.04M	2.67M	-2.99M	3.52M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-548K	548K
Other Investing Activities, Total	-	-	-	149K	-
Cash from Investing	1.93M	497K	492K	-8.07M	-3.54M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	880K	-	-	263K	2.1M
Total Debt Issued	880K	-	-	263K	2.1M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-899K	-577K	-614K	-1.02M	-2.74M
Total Debt Repaid	-899K	-577K	-614K	-1.02M	-2.74M
Issuance of Common Stock	9M	-	-	1.12M	55K
Repurchase of Common Stock	-	-	-780K	-	-
Common Dividends Paid	-248K	-3.44M	-1.8M	-4.5M	-4.59M
Common & Preferred Stock Dividends Paid	-248K	-3.44M	-1.8M	-4.5M	-4.59M
Other Financing Activities, Total	472K	-118K	-132K	-69K	-68K
Cash from Financing	9.2M	-4.13M	-3.33M	-4.22M	-5.24M
Foreign Exchange Rate Adjustments	-	-	170K	-112K	-13K
Miscellaneous Cash Flow Adjustments	-70K	-	-	-	-
Net Change in Cash	15.12M	4.49M	-2.39M	2.63M	-3.42M
Supplemental Items
Cash Interest Paid	80K	73K	61K	57K	15K
Cash Income Tax Paid (Refund)	2.47M	2.09M	2.66M	5.08M	5.31M
Levered Free Cash Flow	-4.4M	1.03M	-5.91M	217K	-15.99M
Unlevered Free Cash Flow	-4.32M	1.09M	-5.83M	277K	-15.87M
Change In Net Working Capital	10.42M	9.44M	17.13M	20.34M	40.89M
Net Debt Issued / Repaid	-19K	-577K	-614K	-762K	-640K

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	14.92	16	15.45	22.34	19.88
Return on Total Capital	16.85	17.23	16.63	25	22.47
Return On Equity %	30.83	26.08	24.12	34.93	33.69
Return on Common Equity	31.73	26.02	24.12	35.46	33.66
Margin Analysis
Gross Profit Margin %	44.21	55.1	50.28	56.67	59.35
SG&A Margin	17.88	24.98	26.2	25.59	36.01
EBITDA Margin %	29.46	31.4	22.33	27.05	24.26
EBITA Margin %	28.15	30.49	21.96	26.81	24.03
EBIT Margin %	27.19	29.7	21.38	26.4	23.49
Income From Continuing Operations Margin %	29	26.82	18.71	22.48	20.85
Net Income Margin %	27.13	26.82	18.71	22.92	21.53
Net Avail. For Common Margin %	29.9	26.82	18.71	22.92	20.93
Normalized Net Income Margin	17.04	19.36	13.8	16.65	15.11
Levered Free Cash Flow Margin	-9.49	1.72	-6.34	0.15	-7.66
Unlevered Free Cash Flow Margin	-9.33	1.84	-6.26	0.19	-7.6
Asset Turnover
Asset Turnover	0.88	0.86	1.16	1.35	1.35
Fixed Assets Turnover	9.51	11.89	18.91	27.28	21.94
Receivables Turnover (Average Receivables)	4.78	5.68	4.57	3.96	3.41
Inventory Turnover (Average Inventory)	10.46	4.76	3.03	3.08	2.66
Short Term Liquidity
Current Ratio	7.47	12.52	9.68	6.61	6.91
Quick Ratio	6.45	9.44	6.69	5.43	4.74
Operating Cash Flow to Current Liabilities	0.64	1.71	0.03	0.91	0.25
Days Sales Outstanding (Average Receivables)	76.53	64.26	79.94	92.07	107.33
Days Outstanding Inventory (Average Inventory)	35	76.63	120.4	118.63	137.67
Average Days Payable Outstanding	19.17	13.81	8.27	17.33	21.5
Cash Conversion Cycle (Average Days)	92.36	127.08	192.07	193.37	223.5
Long Term Solvency
Total Debt/Equity	5.52	4.14	3.13	2.07	8.13
Total Debt / Total Capital	5.23	3.98	3.03	2.03	7.52
LT Debt/Equity	4.48	3.18	2.08	1.27	6.66
Long-Term Debt / Total Capital	4.25	3.06	2.02	1.24	6.16
Total Liabilities / Total Assets	13.48	9.44	10.95	14.16	17.68
EBIT / Interest Expense	107.71	162.17	163.28	403	238.01
EBITDA / Interest Expense	117.06	171.82	171.15	414.99	247.64
(EBITDA - Capex) / Interest Expense	92.54	157.29	153.31	365.35	210.7
Total Debt / EBITDA	0.23	0.15	0.12	0.06	0.24
Net Debt / EBITDA	-1.67	-1.49	-1.23	-0.72	-0.3
Total Debt / (EBITDA - Capex)	0.29	0.16	0.13	0.06	0.28
Net Debt / (EBITDA - Capex)	-2.12	-1.62	-1.37	-0.81	-0.35
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	39.09	28.41	56.58	57.27	42.42
Gross Profit, 1 Yr. Growth %	49.63	51.13	42.9	77.25	49.14
EBITDA, 1 Yr. Growth %	131.29	37.95	11.63	92.97	22.22
EBITA, 1 Yr. Growth %	142.94	39.87	13.06	94.47	22.12
EBIT, 1 Yr. Growth %	155.2	40.27	12.98	96.82	21.16
Earnings From Cont. Operations, 1 Yr. Growth %	83.96	18.78	9.7	89	32.04
Net Income, 1 Yr. Growth %	91.63	26.95	9.7	92.7	33.76
Normalized Net Income, 1 Yr. Growth %	179.91	45.84	11.9	91.1	23.63
Diluted EPS Before Extra, 1 Yr. Growth %	81.23	-8.02	9.82	92.44	29.5
Accounts Receivable, 1 Yr. Growth %	156.82	45.09	12.94	141.51	34.15
Inventory, 1 Yr. Growth %	184.82	106.56	204.26	-20.56	149.32
Net Property, Plant and Equip., 1 Yr. Growth %	10.09	-3.95	0.88	17.09	128.23
Total Assets, 1 Yr. Growth %	64.68	10.22	22.64	43.79	41.45
Tangible Book Value, 1 Yr. Growth %	113.86	22.9	20.03	32.97	33.12
Common Equity, 1 Yr. Growth %	89.1	14.77	20.72	39.59	35.18
Cash From Operations, 1 Yr. Growth %	-36.19	100.27	-96.67	5.44K	-64.22
Capital Expenditures, 1 Yr. Growth %	60.28	-44.82	37.46	118.98	59.69
Levered Free Cash Flow, 1 Yr. Growth %	65.73	-123.17	-650.09	-103.58	-1.3K
Unlevered Free Cash Flow, 1 Yr. Growth %	66.98	-125.12	-613.12	-104.62	-1.24K
Dividend Per Share, 1 Yr. Growth %	566.67	-50	150	1.72	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.62	33.64	41.8	56.92	49.66
Gross Profit, 2 Yr. CAGR %	26.77	54.74	46.96	59.15	62.59
EBITDA, 2 Yr. CAGR %	90.14	77.93	23.94	45.84	56.98
EBITA, 2 Yr. CAGR %	95	83.81	25.59	47.32	57.56
EBIT, 2 Yr. CAGR %	100.98	89.2	25.73	48.13	57.93
Earnings From Cont. Operations, 2 Yr. CAGR %	127.08	47.82	13.9	43.99	57.98
Net Income, 2 Yr. CAGR %	99.44	55.98	17.75	45.39	60.55
Normalized Net Income, 2 Yr. CAGR %	106.71	102.05	27.6	45.72	57.17
Diluted EPS Before Extra, 2 Yr. CAGR %	133.73	29.11	0.27	45.37	57.86
Accounts Receivable, 2 Yr. CAGR %	35.01	51.13	59.12	65.15	79.99
Inventory, 2 Yr. CAGR %	94.85	142.55	150.69	55.47	40.73
Net Property, Plant and Equip., 2 Yr. CAGR %	4.99	2.83	-1.57	8.68	63.48
Total Assets, 2 Yr. CAGR %	24.62	34.72	16.26	32.79	42.61
Tangible Book Value, 2 Yr. CAGR %	128.63	62.12	21.39	26.34	33.04
Common Equity, 2 Yr. CAGR %	40.66	47.32	17.64	29.81	37.37
Cash From Operations, 2 Yr. CAGR %	161.78	13.04	-74.15	35.86	345.39
Capital Expenditures, 2 Yr. CAGR %	20.13	-5.96	-12.91	73.5	87
Levered Free Cash Flow, 2 Yr. CAGR %	-3.11	-37.81	15.48	-55.04	62.33
Unlevered Free Cash Flow, 2 Yr. CAGR %	-4.96	-34.99	15.7	-50.62	62.7
Dividend Per Share, 2 Yr. CAGR %	5.41	82.57	11.8	59.47	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.75	9.86	40.89	46.78	51.93
Gross Profit, 3 Yr. CAGR %	21.32	37	50.69	56.43	55.74
EBITDA, 3 Yr. CAGR %	59.77	70.41	52.2	43.04	39.52
EBITA, 3 Yr. CAGR %	60.42	74.22	56.19	44.67	40.45
EBIT, 3 Yr. CAGR %	59.6	78.27	59.19	45.34	40.62
Earnings From Cont. Operations, 3 Yr. CAGR %	70.44	82.97	33.63	34.85	39.89
Net Income, 3 Yr. CAGR %	67.3	71.56	38.51	38.76	41.41
Normalized Net Income, 3 Yr. CAGR %	63.64	84.02	65.79	45.64	40.02
Diluted EPS Before Extra, 3 Yr. CAGR %	75.31	71.28	22.14	24.61	39.88
Accounts Receivable, 3 Yr. CAGR %	6.28	17.47	58.55	82.86	54.09
Inventory, 3 Yr. CAGR %	62.05	98.68	161.59	70.91	81.98
Net Property, Plant and Equip., 3 Yr. CAGR %	4.5	1.92	2.17	4.3	39.18
Total Assets, 3 Yr. CAGR %	18.34	19.62	30.57	24.8	35.62
Tangible Book Value, 3 Yr. CAGR %	92.95	85.9	46.61	25.13	28.56
Common Equity, 3 Yr. CAGR %	29.75	31.44	37.81	24.55	31.58
Cash From Operations, 3 Yr. CAGR %	45.1	139.42	-65.07	54.71	-12.91
Capital Expenditures, 3 Yr. CAGR %	-13.84	-7.31	6.73	18.43	68.76
Levered Free Cash Flow, 3 Yr. CAGR %	14.47	-39.71	30.58	-63.41	146.07
Unlevered Free Cash Flow, 3 Yr. CAGR %	14.23	-38.85	31.07	-60.08	140.82
Dividend Per Share, 3 Yr. CAGR %	-	-17.79	102.74	8.34	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	10.38	12.76	18.92	26.7	44.33
Gross Profit, 5 Yr. CAGR %	13.58	28.39	32.49	45.47	55.34
EBITDA, 5 Yr. CAGR %	66.37	59.05	44.12	60.04	53.7
EBITA, 5 Yr. CAGR %	70.52	60.93	45.3	62.84	56.33
EBIT, 5 Yr. CAGR %	69.53	60.59	45.07	65.46	58.26
Earnings From Cont. Operations, 5 Yr. CAGR %	80.31	63.08	45.06	66.1	42.88
Net Income, 5 Yr. CAGR %	77.43	63.53	45.37	60.43	46.93
Normalized Net Income, 5 Yr. CAGR %	70.81	62.9	48.14	67.54	62.06
Diluted EPS Before Extra, 5 Yr. CAGR %	78.67	57.68	40.2	60.25	35.34
Accounts Receivable, 5 Yr. CAGR %	-1.9	6.18	13.25	46.86	66.8
Inventory, 5 Yr. CAGR %	108.9	75.28	92.95	80.11	104.14
Net Property, Plant and Equip., 5 Yr. CAGR %	39.82	79.95	2.03	4.57	23.31
Total Assets, 5 Yr. CAGR %	13.94	17.89	17.5	24.73	35.26
Tangible Book Value, 5 Yr. CAGR %	66	60.33	60.3	59.25	41.03
Common Equity, 5 Yr. CAGR %	23.9	22.65	24.77	30.76	37.63
Cash From Operations, 5 Yr. CAGR %	-12.17	58.63	-27.23	90.94	-3.3
Capital Expenditures, 5 Yr. CAGR %	32.18	0.42	-13.47	19.1	33.57
Levered Free Cash Flow, 5 Yr. CAGR %	94.67	-3.52	15.04	-45.9	43.24
Unlevered Free Cash Flow, 5 Yr. CAGR %	96.25	-2.1	14.98	-43.44	43.71
Dividend Per Share, 5 Yr. CAGR %	-	-	-	7.16	-