30.6.2025 09:30:48 EEST | Duell Oyj | Company Announcement

Duell Corporation lowers its guidance for the 2025 financial year due to market uncertainty, further declining consumer confidence leading to a weaker-than-expected third quarter. At the same time, the company removes its current medium-term financial targets, which it will redefine later. In the short term, Duell's focus will be on improving profitability and increasing organic net sales.

New guidance for the financial year 2025

The market environment has become more challenging, which has impacted Duell's net sales and profitability performance. As a result, the company is lowering its guidance for the 2025 financial year. The new guidance for the 9/2024-8/2025 financial year is:

• Duell expects organic net sales with comparable currencies to be at the same level or lower as the previous year.
• Adjusted EBITA is expected to be below last year’s level.

Previous guidance for financial year 2025 published on 10 April 2025

Markets have somewhat stabilised, but consumer sentiment remains fragile due to uncertainties. Duell expects the demand over the next 12 months to be slightly better than the comparison period, but there may be variations between product categories. The industry in which Duell operates remains relatively fragmented, which provides long-term opportunities and favours the larger players, of which Duell is one. Therefore, our guidance for financial year 9/2024-8/2025 is, that: 

• Duell expects that organic net sales with comparable currencies will be at the same level or higher than previous year.
• Duell will continue to focus on improving profitability and expects adjusted EBITA to improve from last year’s level.

Duell will publish its third quarter financial report on 3 July 2025.

Further information:

Magnus Miemois, CEO
Duell Corporation
+358 50 558 1405
magnus.miemois@duell.eu

Pellervo Hämäläinen, Communications and IR Manager
Duell Corporation
+358 40 674 5257
pellervo.hamalainen@duell.eu

Certified Advisor 

Oaklins Finland Ltd,
+358 9 612 9670

Duell Corporation (Duell) is an import and wholesale company based in Mustasaari, Finland, established in 1983. Duell imports, manufactures, and sells products through an extensive distribution network in Europe covering approximately 8,500 dealers. The range of products includes over 130,000 items under more than 500 brands. The assortment covers spare parts and accessories for Motorcycling, Bicycling, ATVs/UTVs, Snowmobiling, Marine and Garden/Forest categories. Logistics centres are in Finland, Sweden, Netherlands, France, and the UK. Duell’s net sales in 2024 was EUR 125 million and it employs over 200 people. Duell’s shares are listed on the Nasdaq First North Growth Market Finland marketplace. www.duell.eu.