Duell

1.69 EUR

+6.29 %

1,948 following

DUELL

First North Finland

Retailers

Consumer Goods & Services

+6.29 %
+31.52 %
-40.28 %
-48.79 %
-45.13 %
-75.15 %
-90.97 %
-
-98.42 %

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
8.78M EUR
Turnover
21.11K EUR
P/E (adj.) (26e)
22.04
EV/EBIT (adj.) (26e)
13.68
P/B (26e)
0.19
EV/S (26e)
0.22
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
1.30 EUR
Updated
2026-04-09
Disclaimer
Tommi Saarinen
Tommi Saarinen

Analyst

Latest research

Latest analysis report

Released: 2026-04-10

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
2/7
2026

Business review Q3'26

15/10
2026

Annual report '26

24/11
2026

General meeting '26

Risk
Business risk
Valuation risk
Low
High
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Third party research

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
Third party research

Duell: Headwinds persist ahead of Q2 - Evli

Duell is set to report Q2 (Dec-Feb) on Thursday, April 9. We expect another soft quarter, reflecting continued market headwinds, weak seasonal demand, and ongoing challenges in France. Following the weak Q1, the need to catch up is evident, and the risk...

Duell
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
Forum discussions
Just as a small clarification to this conclusion, my portfolio management rights and obligations at Aktia ended on July 31, 2021. The Duell offering apparently took place on November 24, 2021.
5/10/2026, 11:32 AM
by ”Arvo” Heikkilä
34
There might be a glimmer of hope for investors carrying Duell’s balance sheet risks. There are several signals suggesting that Q3 will go quite well in the Nordics: The weather has been extremely favorable for outdoor hobbies in Finland (and perhaps also in Sweden). It has been sunny...
5/11/2026, 11:30 AM
by Karhu Hylje
18
In Finland as well, the retail segments connected to Duell performed well in April compared to the last couple of years. Good figures were already received earlier from March. Last year’s May was particularly dismal (motorcycles), so with the current weather conditions, we will likely...
17 hours ago
by Karhu Hylje
7
In terms of seasonal conditions for recreational riding, Q3 could hardly have been better for Duell, at least in the Nordics. I have received cautious signals that business has been picking up for many operators in the industry. From what I’ve been tracking regarding stock levels...
5/27/2026, 12:49 PM
by S_Nyyssonen
7
March figures for motorcycle-related trade have also come out of Sweden, and it appears to be the highest monthly figure ever. I wonder what the driver is now:
5/27/2026, 11:52 AM
by Karhu Hylje
6
Retail data from Sweden arrived this morning as well, showing bicycle-related trade at last year’s April levels. Overall, March-April is now slightly ahead of last year and the best since 2022. Norway shows strong figures in categories linked to Duell. Especially that rightmost column...
16 hours ago
by Karhu Hylje
4
I recently drove a longer distance in Finland, and I encountered more motorcycles than I can ever remember, and they weren’t groups going to rallies or such. Similarly, there were truck convoys just like in Central Europe; for the first time in Finland, I saw strings of 5-7 trucks...
5/27/2026, 1:00 PM
by Pk
3
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