The company registered a remarkable jump in the sales of devices from the MyKi and Shelly series compared to the same period in 2020.
19th of July, 2021, Sofia – Allterco JSCo reported, according to preliminary data, 74.8% growth in revenues from the sale of devices and related services for the Q2 2021 on a consolidated basis compared to the same period in 2020. Thus, for the first half of the year, the revenues amount to BGN 26,156,054.20, which is almost a double increase compared to this period last year, when the realized revenues were BGN 14,963,866.99. The company registered extremely high results for both of its product lines – 4100.9% growth in sales of devices and related services MyKi and 66.1% in sales of products from the Shelly range and related services. Allterco JSCo is to announce final data for the second quarter on a consolidated basis by the end of August 2021.
Preliminary data also show a significant increase in sales of devices on the US market, reaching BGN 1,188,279.39 by the end of the second quarter of 2021. This is almost double the growth of the same period in 2020 when registered sales amounted to BGN 479,939.71. The remarkable jump in the financial results of the company strengthens the leading position of Allterco JSCo, as well as its strong presence in key international markets.
“The high results achieved in the second quarter of 2021 are the logical continuation of the success of Allterco JSCo from the previous quarter and the previous year. But they are also the result of a combination of factors – ambition to be innovators, tireless work, a team of remarkable professionals, as well as our desire to continue to justify the trust our investors placed in us. I hope to strenghten this great success in the second half of 2021 when we will take another bold step forward, launching an entirely new professional line of Shelly Pro devices. And also very soon we will present on the market the new smar twatch for children MyKi 4 “- commented Dimitar Dimitrov, CEO of Allterco JSCo.
The successful results of the first half of the year are a continuation of the positive growth trend of the technology company from 2020. Its development and expansion continue with investment in the development and launch of a new special Pro series of products aimed at professional installers and designed for industrial business automation, residential and industrial buildings. The first innovative devices are expected to be launched in the next quarter of 2021.
The past months have been extremely successful for the holding and after the reported high results at the end of 2020, the company decided to distribute part of the profit for 2020 as a dividend of BGN 0.20 / share. The company received another valuable recognition, becoming a finalist in two categories in the prestigious annual Forbes Business Awards – Innovative Company of 2021 and Company of 2021 in the IT sector.