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Duell
Duell (DUELL) investor relations material
Duell Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary14 Jan, 2026
Executive summary
Net sales and profitability declined 11.7% year-over-year in Q1 2026, mainly due to a delayed winter season and ongoing brand portfolio transitions in France.
Performance Uplift program and warehouse consolidation in the Nordics are progressing as planned to improve efficiency and profitability.
Positive momentum observed in the Eastern European motorcycle market, especially Poland, despite fierce competition.
Inventory levels remain high despite improved net working capital management.
Financial highlights
Net sales for Q1 2026 were €25.0 million, down 11.7% from €28.3 million in Q1 2025.
Adjusted EBITA was -€0.1 million (margin -0.5%), compared to €0.7 million last year.
Gross margin was 24.1%, slightly down from 24.9% year-over-year.
Operating expenses reduced to €5.8 million from €6.1 million.
Net cash flow from operating activities improved to -€1.9 million from -€4.8 million year-over-year.
Outlook and guidance
Guidance for the fiscal year remains unchanged: organic net sales and adjusted EBITA expected to be at last year's level.
Market environment anticipated to stay suppressed due to fragile consumer sentiment and ongoing uncertainty.
How will 2026 guidance be met after Q1 loss?
Plan to reduce high inventory levels?
Strategy for France brand portfolio issues?
France brand portfolio rebuild sales impact
Specific actions to reduce high inventory levels
Strategies to counter increasing Nordic competition
Partial view of Summaries dataset, powered by Quartr API
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Latest events from Duell
- Sales and profitability improved, driven by Central Europe and stronger financials.DUELL
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- Organic sales and margin growth continued, led by Central Europe and online channels.DUELLQ2 202524 Nov 2025
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- Sales grew 1.6% but profitability fell amid France setbacks and ongoing market headwinds.DUELLQ4 202516 Oct 2025
- Sales rose and margins improved, but logistics and weak demand pressured profitability.DUELLQ3 202413 Jun 2025
Next Duell earnings date
Q2 20269 Apr, 2026
Duell
Next Duell earnings date
Q2 20269 Apr, 2026
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