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Duell

1.32 EUR

+2.33 %

1,950 following
Corporate customer

DUELL

First North Finland

Retailers

Consumer Goods & Services

+2.33 %
-40.54 %
-54.17 %
-60.00 %
-62.61 %
-78.98 %
-95.69 %
-
-98.77 %

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
6.86M EUR
Turnover
65.85K EUR
P/E (adj.) (26e)
17.21
EV/EBIT (adj.) (26e)
12.66
P/B (26e)
0.15
EV/S (26e)
0.2
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
ShowingAll content types
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

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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
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
Covenants are part of the terms of a loan agreement, and they have also partly determined the price of that loan. If covenants are breached, uncertainty regarding the borrower’s ability to repay increases (even if there is cash on hand on the very day of the breach). Therefore, one...
4/15/2026, 9:17 AM
by Tuul1puku
27
A share issue may be needed to shore up the balance sheet if, for example, covenants are breached. This can happen even if there is enough cash to run the business itself. In Duell’s case, potential covenants tied to EBITDA or operating profit could be a reason for a share issue....
4/15/2026, 5:12 AM
15
Name: Tomi Virtanen Position: CEO Issuer: Duell Plc LEI: 743700MVGCRZQ2CR8244 Notification type: First notification Reference number: 150976/8/6 Date of transaction: 2026-04-10 Trading venue: First North Growth Market Finland (FSME) Instrument type: Share ISIN: FI4000582143 Nature...
4/13/2026, 1:31 PM
by Zen65
9
It has been stated many times that the cash resources are sufficient to run the business, and cash is released from inventory every day now that the summer season has begun (This is also clearly visible from the product inventory balances I follow). In addition, there is still the...
4/14/2026, 3:30 PM
by S_Nyyssonen
6
Generally speaking, when my own company has a few million in debt… no bank has cared yet even though covenants have been breached. And they’ve been broken both intentionally and unintentionally… I’ve gotten away with just a little slap on the wrist talk… a bank doesn’t kill a cash...
4/15/2026, 10:03 AM
by All in aina
5
The share price is now clearly pricing in an offering that would massively dilute ownership at this valuation level. If it doesn’t happen and we reach at least some kind of healthy level of business profitability, then a 10x increase would not be impossible in a couple of years, ...
4/14/2026, 3:06 PM
by Farseer
4
In theory, there are other options besides a share issue, even if banks were to start demanding new capital: Deleveraging by selling part of the company, such as TransAm (probably wouldn’t get a good price) A hybrid loan comparable to equity In theory, for instance, Hartwall as a...
4/15/2026, 9:49 AM
by Farseer
3
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