JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Investing.com -- Shelly Group AD (F:SLYGG) reported a 29.3% year-on-year jump in group revenues to €54 million for the first half of the year, up from €41.6 million in the year-ago period.
EBIT for the first six months jumped 12.2% to €12.2 million, giving a margin of 22.6% in line with expectations. Adjusted for FX effects, the EBIT margin stood at 25.4%.
Net profit increased 10.1% to €10.2 million.
Free cash flow came in at €4.1 million, boosted by improved working capital through optimized procurement, lower inventories, and tighter receivables management, marking a €5.7 million improvement from last year.
The Shelly Cloud user base expanded to about 2.3 million from 1.9 million at the end of 2024.
“In H1 2025, we have successfully continued our profitable growth story and further strengthened our market position," said Wolfgang Kirsch, Co-CEO of Shelly Group.
"Based on the sustained strong momentum in all regions, we are confident about the rest of the year and confirm our forecast.”
The company reaffirmed its 2025 guidance for revenue of €145–155 million and EBIT of €35–40 million.