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Bulgaria's Allterco Robotics reports Black Friday, Cyber Monday sales of 4.6 mln euro

Author Vasil Kolchev
Bulgaria's Allterco Robotics reports Black Friday, Cyber Monday sales of 4.6 mln euro Author: Allterco / All rights reserved.

SOFIA (Bulgaria), December 2 (SeeNews) - Bulgarian Internet of Things (IoT) products developer Allterco [BUL:A4L] said on Thursday that its unit Allterco Robotics recorded sales of over 9 million levs ($5.2 million/4.6 million euro) during its 2021 Black Friday and Cyber Monday campaigns.

Allterco Robotics sold over 400,000 home automation devices bearing the company's Shelly brand at its online store and distribution network to clients from over 120 countries worldwide, Allterco said in a bourse exchange filing.

Clients in Germany showed the biggest interest in Allterco's products, followed by customers in Italy and Portugal.

According to the IoT company's 2020 Black Friday bourse filing published last year, it recorded sales of 7 million levs by selling some 320,000 devices during the campaigns then.

Allterco said it 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.

As at 10:45 CET on Thursday, shares in Allterco changed hands 4.10% lower at 23.40 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

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