Shelly Group SE reported sales results for the First Quarter 2025. For the quarter, the company reported increase in consolidated sales revenues with Shelly devices and related services of around 29% to c. EUR 26.5 million (c. BGN 51.8 million) in First Quarter 2025 compared to the previous year. In doing so, the Shelly Group significantly exceeded the sales revenue increase of up to 25% projected for First Quarter 2025.