Duell Oyj (DUELL) Earnings Call Transcripts

Duell Oyj's Latest Earnings Call - April 9, 2026

Duell Oyj reported a challenging second quarter for fiscal year 2026, with net sales declining to EUR 28.8 million, a decrease of EUR 0.5 million year-over-year. The adjusted EBITDA fell significantly to EUR 0.4 million from EUR 1.1 million in the previous year. Management has adjusted guidance downward, expecting organic net sales of around EUR 150 million and adjusted EBITDA of approximately EUR 2 million for the full fiscal year. The company is grappling with weak consumer confidence and geopolitical uncertainties, particularly impacting its operations in France.

Reported metrics

Guidance from management

Guidance was lowered, with expectations for organic net sales around EUR 150 million and adjusted EBITDA around EUR 2 million for FY 2026. Management cited ongoing market challenges and weak performance in France.

What management said

Good morning, and welcome to Duell's First Half 2026 Financial Report Webcast. We have today here presenting the report, Tomi Virtanen, CEO; and Caj Malmsten, CFO. And my name is Pellervo Hamalainen from Investor Relations. During the webcast, there's opportunity to send questions in Finnish and English via chat. And at the end of the webcast, we come back with the questions-and-answer session. So I think we are re...

Thank you. Very good. We are ready now then to move to the questions-and-answer session. So I think we could start from the markets, divide the Central Europe or Europe and the Nordics. How do you see that we have managed in the Nordic countries? Have we maintained our market share? Or has there been more competition? And how do you see is there some pressure?

What analysts pressed on

Analysts expressed concerns about the ongoing challenges in France and the impact on profitability. Questions focused on the effectiveness of new leadership and brand strategies in France, as well as the company's ability to meet covenant requirements and manage inventory levels effectively.

Main topics on the call

• Revenue Decline — Net sales for Q2 2026 were EUR 28.8 million, down EUR 0.5 million year-over-year, primarily due to weak market conditions in France and a soft winter season in the Nordics.
• Profitability Challenges — Adjusted EBITDA dropped to EUR 0.4 million from EUR 1.1 million, with a margin decline from 3.9% to 1.2%. This was attributed to a weaker product mix and challenges in the French market.
• Inventory Management — The company improved net working capital, reducing inventories to EUR 49.4 million from EUR 50.2 million. This was achieved despite a weak winter season.
• Operational Efficiency — Duell consolidated its warehouse operations, reducing the number of warehouses from 7 to 5, which is expected to improve operational efficiency.

Read the full Duell Oyj transcript (April 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 5 Duell Oyj earnings call transcripts on record, spanning January 16, 2025 to July 2, 2026. Based on this history, Duell Oyj reports semi-annually. The most recent call on file is dated July 2, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

DUELL

Exchange

HLSE

Country

FI

Sector

Consumer Discretionary

Industry

Distributors

Calls on record

5

First call

January 16, 2025

Most recent

July 2, 2026

Reporting cadence

semi-annually