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Duell

2.17 EUR-3.13 %8/7 17:29
1,955 following

DUELL

First North Finland

Retailers

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-3.13 %
+12.44 %
+3.83 %
-30.45 %
-34.24 %
-45.61 %
-90.61 %
-
-97.97 %

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.

Read more
Market cap
11.27M EUR
Turnover
7.91K EUR
P/E (adj.) (26e)
14
EV/EBIT (adj.) (26e)
10.93
P/B (26e)
0.25
EV/S (26e)
0.24
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
2.40 EUR
Updated
2026-07-03
Disclaimer
Tommi Saarinen
Tommi Saarinen

Analyst

Latest research

Latest analysis report

Released: 2026-07-03

Latest extensive report

Released: 2026-06-09

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Business risk
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Forum discussions
I recommend watching and listening to the post-earnings webcast: Inderes Duell, Webcast, Q3'26 - Inderes Time: 02.07.2026 klo 10.30 Language: en Language: en Sector: Retail & Consumer Goods Activity: Webcast As well as the CEO interview: Based on these, I am puzzled by the analyst...
7/5/2026, 4:08 PM
10
Taking accounts receivable, accounts payable, and inventory into account in the EV (Enterprise Value) is an interesting question in itself. Often, when calculating net debt (incl. covenants), the entire cash balance is used (i.e., gross debt - cash and equivalents), but indeed not...
7/5/2026, 9:51 AM
by Pyrkyri
6
A well-justified challenge. I double-checked the figures in the model, as the overall picture is a bit confusing. I agree with this characterization: I started outlining the forecast through the revenue share of the French operations. For the 2025 financial year, the revenue of the...
yesterday
by Tommi_Saarinen
5
Net debt is stated in the report, and it was €22m at the end of Q3. Otherwise, comparing operating profit (EBIT) to market cap makes no sense, because financing costs and taxes are only deducted after the operating profit. Operating profit should always be compared to EV (Enterprise...
7/5/2026, 9:28 AM
by Karhu Hylje
5
I did listen to it, but there wasn’t really anything particularly challenging about it. The CEO was challenged quite fairly in that webcast, and according to him, the guidance was realistic. There are two months left in the quarter, and I would find it extremely strange if the CEO...
7/5/2026, 5:36 PM
4
Whether you or I agree doesn’t matter because the bank uses the net debt reported by Duell for covenant calculations, which is standard in that regard. I’m not even claiming that additional financing is likely. It is still valid to say that there is a balance sheet risk. That risk...
7/5/2026, 11:45 AM
by Karhu Hylje
4
Let’s say a company had 100 million in accounts receivable and 20 million in accounts payable, or alternatively, 20 million in accounts receivable and 100 million in accounts payable—would you still agree that the net debt is still 22 million? When it comes to calculating EV in Duell...
7/5/2026, 9:41 AM
by S_Nyyssonen
2
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
15/10
2026

Annual report '26

24/11
2026

General meeting '26

Press release2026-07-07 09:40

Appointments at Duell Corporation – Jonathan Delalu and Tarja Kaipio

Duell
Duell Q3'26: Bättre högsäsong än vi befarade
Research2026-07-03 05:00 by
Tommi Saarinen

Duell Q3'26: Bättre högsäsong än vi befarade

Våra nuvarande estimat ligger högre än vad guidningen indikerar.

Duell
Regulatory press release2026-07-02 16:04

Correction: Duell Corporation nine months 2026 financial report September 2025-May 2026

Duell

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Duell, Webcast, Q3'26
Webcast2026-07-02 09:30

Duell, Webcast, Q3'26

Duell
Duell Q3'26 snabbkommentar: Försäljningen i Norden drev estimatöverträffelse
Analyst Comment2026-07-02 08:31 by
Tommi Saarinen

Duell Q3'26 snabbkommentar: Försäljningen i Norden drev estimatöverträffelse

Duells Q3-rapports omsättning överträffade vår förväntning tydligt, drivet av en starkare försäljning än väntat i Norden.

Duell
Regulatory press release2026-07-02 07:30

Duell Corporation nine months 2026 financial report September 2025-May 2026

Duell
Regulatory press release2026-07-01 15:45

Changes in Duell’s Management Team

Duell
Duell Q3'26 förhandskommentar: Frankrike tynger marginalen, fokus på balansräkningen
Analyst Comment2026-06-26 06:40 by
Tommi Saarinen

Duell Q3'26 förhandskommentar: Frankrike tynger marginalen, fokus på balansräkningen

Även om marknadsläget verkar ha förbättrats i Norden, förväntar vi oss att omsättningen och marginalen har försvagats jämfört med jämförelseperioden, framför allt till följd av det franska dotterbolagets svaga utveckling.

Duell
Regulatory press release2026-06-15 14:51

Changes in Duell’s Management Team

Duell
Duell omfattande analys: Söker en U-sväng
Extensive research2026-06-09 08:23 by
Tommi Saarinen

Duell omfattande analys: Söker en U-sväng

Vi har höjt våra estimat för innevarande år, men balansräkningen förblir stram.

Duell
Tomi Virtanen har utsetts till permanent VD för Duell
Analyst Comment2026-05-08 08:03 by
Tommi Saarinen

Tomi Virtanen har utsetts till permanent VD för Duell

Att hitta en lämplig VD snabbt var enligt vår mening viktigt för att företaget skulle kunna övervinna sina utmaningar.

Duell
Regulatory press release2026-05-07 14:30

Inside Information: Duell Corporation appoints Tomi Virtanen as a CEO

Duell
Press release2026-04-27 11:01

Duell is establishing a Supply Chain organisation to improve net working capital management

Duell
Press release2026-04-20 10:32

Jean-Marc Autheman appointed as new head of Duell’s French operations

Duell
Regulatory press release2026-04-13 12:21

Duell Corporation, Managers’ Transactions, Tomi Virtanen

Duell
Third party research2026-04-10 08:46

Duell: Headwinds in France delay the turnaround - Evli

Duell’s Q2 held up slightly better than feared following the profit warning, but the downgrade shifts the burden clearly to H2. The ongoing French portfolio transition is set to weigh more heavily in the second half, delaying the earnings recovery.

Duell
Duell Q2'26: Riskerna har ett fast grepp om gasreglaget
Research2026-04-10 06:24 by
Tommi Saarinen

Duell Q2'26: Riskerna har ett fast grepp om gasreglaget

Vi sänkte våra estimat avsevärt, vilka visade sig vara optimistiska i och med vinstvarningen.

Duell
Third party research2026-04-09 09:43

Duell: Quarter slightly better than feared after yesterday’s profit warning - Evli

Duell issued a profit warning yesterday ahead of its Q2 note, significantly lowering guidance for both net sales and adj. EBITA. Our estimates still reflected the old guidance. While Q2 performance remained challenging, the outcome was somewhat better...

Duell
Duell, Webcast, Q2'26
Webcast2026-04-09 09:30

Duell, Webcast, Q2'26

Duell
Duell Q2'26 snabbkommentar: Efter vinstvarningen kunde man ha fruktat det värre
Analyst Comment2026-04-09 08:28 by
Tommi Saarinen

Duell Q2'26 snabbkommentar: Efter vinstvarningen kunde man ha fruktat det värre

Jämfört med låga förväntningar var rapportperioden måttlig och en negativ vinstvarning pekar på en mycket svag sommarsäsong.

Duell