January 11 (SeeNews) - Bulgarian IoT products manufacturer Allterco [BUL:A4L] said on Tuesday that its consolidated sales of IoT devices and related services went up 51% year-on-year in 2021, reaching 59.5 million levs ($34.5 million/30.4 million euro).
Sales of devices from the home automation brand Shelly grew by 62% last year, whereas sales of the MyKi brand of tracking devices for kids dropped by 21%, mainly due to pandemic-induced restrictions on mobility in foreign markets to which these devices are exported, Allterco said in a stock exchange filing, quoting preliminary data.
As at 10:20 CET on Tuesday, shares in Allterco traded 0.83% lower at 24 levs on the Bulgarian Stock Exchange.
Allterco had a very successful 2021, launching two new product series, Shelly Plus and Shelly Pro, as well as completing its secondary listing on the Frankfurt Stock Exchange, thus becoming the first Bulgarian company directly listed on a foreign bourse. It also set up a unit in Germany, Allterco Europe GmbH.
(1 euro = 1.95583 levs)