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Duell

2.11 EUR

-3.65 %

1,930 following
Corporate customer

DUELL

First North Finland

Retailers

Consumer Goods & Services

-3.65 %
-25.44 %
-36.06 %
-33.02 %
-49.52 %
-67.84 %
-92.88 %
-
-98.03 %

Duell is an import company. The company's own and imported products are sold through a distribution network covering the European markets. Duell’s range of imported products includes equipment, accessories and spare parts for motorcycling, snowmobiling. boating, bicycling, ATVs/UTVs, mopeds and scooters. The company was founded in 1983 and its headquarters is located in Mustasaari, Finland.

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Market cap
10.96M EUR
Turnover
10.8K EUR
P/E (adj.) (26e)
9.98
EV/EBIT (adj.) (26e)
6.67
P/B (26e)
0.23
EV/S (26e)
0.22
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
2.80 EUR
Updated
2026-03-05
Disclaimer
Tommi Saarinen
Tommi Saarinen

Analyst

Latest research

Latest analysis report

Released: 2026-03-05

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
9/4
2026

Interim report Q2'26

2/7
2026

Business review Q3'26

15/10
2026

Annual report '26

Risk
Business risk
Valuation risk
Low
High
ShowingAll content types
Third party research

Duell: Catching up required after Q1 miss - Evli

Duell's Q1 figures fell short of our estimates, particularly on the top line, with sales weaker than expected in both the Nordics and Central Europe. Challenges in France are expected to affect performance throughout the year, prompting us to lower net...

Duell

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Third party research

Duell: A slightly softer quarter than expected - Evli

Duell reported Q1 net sales at EUR 25.0m, below our forecast of EUR 27.0, while adj. EBITA came in at EUR -0.1m, also below our estimate. Issues in France persisted and the slow start to the winter season affected sales in the Nordics.

Duell
Third party research

Duell: Expecting a challenging start to FY26 - Evli

Duell reports Q1 (Sep–Nov) on January 14. We expect a challenging quarter, with weak market conditions, elevated dealer inventories and France weighing on performance.

Duell
Forum discussions
My view is that a lot of those problems are already priced into the current share price, and the valuation relative to the balance sheet is at rock bottom. The news of the CEO’s firing alone has dropped the share price by -20% from already low levels. Duell’s market cap is now only...
3/13/2026, 11:30 AM
by S_Nyyssonen
7
Here are the latest Tran-Am figures I managed to find.
3/9/2026, 1:43 PM
by S_Nyyssonen
7
A more recent report on Duell from SEB: research.sebgroup.com SEB Research Market not helpful in turnaround We expect sales and adj. EBITA to fall y/y; the market looks to have remained weak and challenges in France persist, while efficiency actions should gradually add support. ...
3/13/2026, 10:21 AM
by Karhu Hylje
5
Those Tran-am figures already came out in the autumn and have already been discussed here as well. Today, the interesting figures for Tecno Globe (Duell’s French operations) from the last financial year were made public. Revenue dropped from €22m to €17.4m. Operating profit dropped...
3/10/2026, 8:40 AM
by Karhu Hylje
5
Duell just keeps on falling, as there seems to be enough sellers. Q2 is coming in 10 days, and expectations don’t seem high after the CEO’s dismissal. France is the biggest question mark for me here. Last year in Q2, revenue was 29.3 million euros and Adjusted EBITA was 1.1 million...
4 hours ago
by S_Nyyssonen
4
A few images of Duell’s dealer network—it was quite a surprise to me how many different distributors Duell has and how widely they have spread across Europe.
3/11/2026, 11:17 AM
by S_Nyyssonen
3
Pure speculation, but the subsidiary’s financial statements likely include quite a bit of purchases/sales to other group companies. In addition, some expenses may be managerially allocated to the French operations, but legally occur in another country (e.g., Mustasaari). Of course...
3/10/2026, 11:14 AM
by Pyrkyri
3
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