Shelly Group SE, a Bulgarian provider of IoT and smart building solutions, will join Germany's SDAX small-cap index effective April 10, 2026, becoming part of the DAX index family following an announcement by index provider STOXX. The SDAX comprises the 70 largest companies in the German equity market below the DAX and MDAX, based on free float market capitalization and trading volume. This inclusion marks a significant milestone for the company and represents the culmination of a deliberate capital markets strategy executed over several years.
The company's path to index inclusion began with its secondary listing in the Prime Standard of the Frankfurt Stock Exchange in November 2021, followed by the commencement of trading on XETRA in April 2024. Shelly Group systematically increased its free float through placements by company founders, meeting the relevant criteria for SDAX entry. Dimitar Dimitrov, Co-CEO and Co-Founder of Shelly Group SE, noted that the company is proud to have been the first Bulgarian company admitted to trading on XETRA and now also the first Bulgarian company included in the SDAX. View the original release on www.newmediawire.com for complete details.
Wolfgang Kirsch, Co-CEO of Shelly Group SE, explained that the inclusion represents a new phase in the company's capital markets development. "The increased visibility among institutional investors and inclusion in index-based investment strategies are expected to further enhance the liquidity of our shares," Kirsch stated. He added that the company has deliberately worked to create prerequisites for a broader international investor base and strengthen Shelly Group's positioning in European capital markets. The index inclusion serves as validation of operational progress and an incentive to continue executing the company's growth trajectory.
Shelly Group has demonstrated strong financial performance, generating consolidated revenues of EUR 149.7 million in the 2025 financial year, representing growth of more than 40% year-over-year. For 2026, the company expects revenues in the range of EUR 195 million to EUR 205 million, continuing its growth trajectory. The company develops, designs, and distributes IoT and smart building solutions for DIY and professional users, offering advanced technology, seamless interoperability, and technological flexibility. Shelly products enable remote control and automation as well as energy management of electrical appliances and smart building solutions via smartphones, PCs, or third-party home automation systems.
The company maintains an asset-light production model through contract manufacturers and has a strong presence in German-speaking countries, with products represented in more than 100 countries globally. With sales organizations across multiple regions including DACH, Benelux, Nordics, Iberia, Poland, Italy, France, the United Kingdom, Bulgaria, Slovenia, the United States, and China, Shelly Group has established broad international reach. The inclusion in the SDAX represents not only a corporate milestone but also signals growing recognition of technology companies from emerging European markets within established Western European financial indices.
