Shelly Group SE (Ticker: SLYG / ISIN: BG1100003166), a provider of IoT and smart building solutions based in Sofia, Bulgaria, will be included in the SDAX and thereby become part of Germany’s DAX index family, effective 10 April 2026, as announced by the index provider STOXX as part of an index adjustment. 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.
Shelly Group’s inclusion in the SDAX is the result of its consistently executed capital markets strategy. With its secondary listing in the Prime Standard of the Frankfurt Stock Exchange in November 2021, the commencement of trading on XETRA in April 2024, and the targeted increase in free float through placements by the company’s founders, Shelly Group has systematically built the foundation for index inclusion and now meets the relevant criteria for entry into the SDAX.
Dimitar Dimitrov, Co-CEO and Co-Founder of Shelly Group SE, commented: “The inclusion in the SDAX marks a significant milestone for Shelly and confirms the consistent execution of our growth and capital markets strategy. When we first set this goal, it was ambitious – all the more reason we are pleased to have achieved it. We are proud to have been the first Bulgarian company to be admitted to trading on XETRA and now also the first Bulgarian company to be included in the SDAX.”
Wolfgang Kirsch, Co-CEO of Shelly Group SE, added: “With our inclusion in the SDAX, Shelly enters a new phase in its 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. Over the past years, we have deliberately worked to create the prerequisites for a broader international investor base and to strengthen Shelly Group’s positioning in the European capital markets. At the same time, we view the index inclusion as validation of our operational progress and as an incentive to continue executing on our growth trajectory.”
Shelly Group is among the dynamically growing providers of smart home and building automation solutions worldwide. In the 2025 financial year, the company generated consolidated revenues of EUR 149.7 million, representing growth of more than 40% year-over-year. For 2026, Shelly Group expects revenues in the range of EUR 195 million to EUR 205 million, continuing its growth trajectory.
The inclusion in the SDAX is expected to boost Shelly Group's visibility among institutional investors and potentially increase trading liquidity. This development underscores the company's successful capital markets strategy and positions it for further growth within the European capital markets. More details can be found in the original press release.
