Stock Analysis
Shelly Group AD Third Quarter 2023 Earnings: EPS: лв0.44 (vs лв0.30 in 3Q 2022)
Shelly Group AD (BUL:SLYG) Third Quarter 2023 Results
Key Financial Results
- Revenue: лв31.5m (up 43% from 3Q 2022).
- Net income: лв8.18m (up 51% from 3Q 2022).
- Profit margin: 26% (up from 25% in 3Q 2022). The increase in margin was driven by higher revenue.
- EPS: лв0.44 (up from лв0.30 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shelly Group AD Earnings Insights
Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in Europe.
Performance of the market in Bulgaria.
The company's shares are up 2.7% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Shelly Group AD's balance sheet.
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About BUL:SLYG
Shelly Group AD
Shelly Group AD designs, manufactures, and distributes IoT products in Bulgaria, Germany, and the United States.
Exceptional growth potential with flawless balance sheet.