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Duell

1.29 EUR

-3.02 %

1,947 following
Corporate customer

DUELL

First North Finland

Retailers

Consumer Goods & Services

-3.02 %
-41.32 %
-56.44 %
-61.06 %
-62.75 %
-79.98 %
-95.70 %
-
-98.80 %

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
6.67M EUR
Turnover
16.58K EUR
P/E (adj.) (26e)
EV/EBIT (adj.) (26e)
P/B (26e)
EV/S (26e)
Dividend yield-% (26e)
Coverage
Recommendation
Reduce
Target price
Updated
10.04.2026
Disclaimer
Tommi Saarinen
Tommi Saarinen

Analyst

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
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
29
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
16
It’s standard practice; the bank uses them to protect their receivables. And when they are breached, worse terms are renegotiated. And the bank dictates. It’s just normal business. The bank won’t demand a bankruptcy. I’ve played that card myself: “if you, as finance professionals...
4/25/2026, 10:25 AM
by All in aina
8
sttinfo.fi Duell on sopinut Quad Lock -tuotteiden jakelusta Suomessa, Ruotsissa ja... Duell on sopinut aloittavansa Quad Lock -moottoripyörätuotteiden myynnin ja jakelun Suomessa, Ruotsissa ja Norjassa. Quad Lock on erikoistunut patentoituihin älypuhelinten kiinnitysratkaisuihin ...
4/22/2026, 10:55 AM
by Cadel
5
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
Duell recently announced the establishment of a supply chain organization aimed at improving inventory turnover. No numerical targets or timelines were disclosed in the announcement. The realization of benefits is expected to take place from the 2027 financial year onwards. Inderes...
yesterday
by Tommi_Saarinen
4
Let’s ask the reverse: if loan covenants don’t matter at all, why are they even put in there? Of course, it’s possible that breaching them doesn’t trigger any measures, or that they are renegotiated. But it’s quite optimistic to say that as long as payments are on time, loan covenants...
4/25/2026, 6:41 AM
3
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