Curated News
By: NewsRamp Editorial Staff
April 09, 2026

Shelly Group Makes History as First Bulgarian Company Joining Germany's SDAX Index

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TLDR

  • Shelly Group's SDAX inclusion offers investors exposure to a high-growth IoT company with 40% revenue growth and expected €195-205 million in 2026.
  • Shelly Group achieved SDAX inclusion through a systematic capital markets strategy including Frankfurt Stock Exchange listing, XETRA trading, and increasing free float.
  • Shelly Group's IoT solutions enable energy management and smart building automation, contributing to more efficient resource use and sustainable living environments.
  • Shelly Group becomes the first Bulgarian company to join Germany's SDAX index, marking a historic milestone in European capital markets.

Impact - Why it Matters

This development matters because it represents a significant validation of Shelly Group's growth strategy and operational success, potentially increasing investor confidence and liquidity for the company's shares. For investors, inclusion in the SDAX typically leads to greater visibility among institutional investors and automatic inclusion in index-tracking funds, which can stabilize and potentially increase share valuation. For the European tech sector, it demonstrates that companies from emerging European markets can achieve recognition in established financial indices, potentially encouraging more international investment in the region's technology companies. For the smart home and IoT industry, Shelly Group's success validates the market potential for interoperable, user-friendly automation solutions, particularly as energy management and remote control capabilities become increasingly valuable to consumers and professionals alike.

Summary

Shelly Group SE, a leading provider of IoT and smart building solutions headquartered in Sofia, Bulgaria, has achieved a major capital markets milestone by being included in Germany's SDAX index, effective April 10, 2026. This inclusion, announced by index provider STOXX, makes Shelly Group part of the prestigious DAX index family, specifically within the SDAX which comprises the 70 largest companies in the German equity market below the DAX and MDAX. The company, trading under ticker SLYG, has systematically executed its capital markets strategy to reach this point, building on its secondary listing in the Prime Standard of the Frankfurt Stock Exchange in November 2021 and the commencement of trading on XETRA in April 2024. This achievement marks Shelly Group as the first Bulgarian company to be included in the SDAX, following its earlier distinction as the first Bulgarian company admitted to trading on XETRA.

The company's leadership emphasizes the strategic importance of this development. Co-CEO and Co-Founder Dimitar Dimitrov described the inclusion as a "significant milestone" that confirms the consistent execution of the company's growth and capital markets strategy, noting that the goal was ambitious when first set. Co-CEO Wolfgang Kirsch added that entering the SDAX represents a new phase in Shelly Group's capital markets development, expected to increase visibility among institutional investors and enhance share liquidity through inclusion in index-based investment strategies. Both executives view the index inclusion as validation of the company's operational progress and as an incentive to continue executing on its growth trajectory, which has been deliberately designed to create prerequisites for a broader international investor base and strengthen Shelly Group's positioning in European capital markets.

Shelly Group's operational performance underscores its qualification for SDAX inclusion. The company, which develops, designs, and distributes IoT and smart building solutions for DIY and professional users, generated consolidated revenues of €149.7 million in the 2025 financial year, representing year-over-year growth exceeding 40%. For 2026, the company projects revenues between €195 million and €205 million, continuing its dynamic growth trajectory. With its asset-light production model using contract manufacturers, Shelly Group offers advanced technology with seamless interoperability and high technological flexibility, enabling remote control and automation of electrical appliances and smart building solutions via smartphones, PCs, or third-party systems. The company maintains a strong presence in German-speaking countries and operates in over 100 countries through sales organizations across Europe, the United States, and China, generating revenue from both device sales and cloud applications.

Source Statement

This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Shelly Group Makes History as First Bulgarian Company Joining Germany's SDAX Index

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