Duell: Catching up required after Q1 miss - Evli
This is a third party research report and does not necessarily reflect our views or values
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 sales estimates, while profitability should remain relatively resilient.