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Bulgaria's Allterco reports 55% rise in 9-mo cons IoT device sales

Bulgaria's Allterco reports 55% rise in 9-mo cons IoT device sales Allterco/All rights reserved

SOFIA (Bulgaria), October 12 (SeeNews) - Bulgarian IoT products maker Allterco [BUL:A4L] said that its consolidated sales of IoT devices and related services rose by an annual 55% to 37.8 million levs ($22.3 million/19.3 million euro) in the nine months through September.

The sales of devices from the home automation brand Shelly rose 62% on the year in the January-September period, while sales from the kids smartwatches brand MyKi fell 19%, Allterco said in a stock exchange filing on Monday, quoting preliminary data.

In the third quarter alone, sales of IoT devices and related services added 21% year-on-year to 11 65 million levs, according to the statement.

As at 14:45 CET on Tuesday, shares in Allterco traded 1.96% lower at a price of 20 levs on the Bulgarian Stock Exchange, bourse data showed.

(1 euro = 1.95583 levs)

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