Income Statement

Duell's revenue growth in the last quarter was driven by the success of sales-focused initiatives, particularly in the Nordic countries, where sales increased during the spring and early summer. However, the company's performance in France continues to be a concern, with weak sales and a delayed impact from new replacement brands. Despite these challenges, Duell's CEO, Tomi Virtanen, is optimistic about the company's prospects, citing progress in strengthening its market position in Sweden and Norway, and restoring profitable growth in France. The company's efforts to reduce inventory levels and introduce new brands to its customers are also expected to contribute to future revenue growth. Overall, Duell's revenue development is expected to remain suppressed in the current market environment, but the company's strategic initiatives are likely to drive growth in the long term.

The realised revenue for Q2 2026 is 39.5 million Euros, and the predicted revenue for Q2 2027 (e) is 39.8 million Euros. The revenue is expected to increase by 0.3 million Euros, which is a 0.76% change from Q2 2026 to Q2 2027 (e). The revenue is expected to increase by 6.4 million Euros from 2025 to 2026, which represents a 5.2% change. From 2026 to 2027, the revenue is predicted to decrease by 1.9 million Euros, a 1.5% change. The annual revenue values are 123.3 million Euros in 2025, 129.7 million Euros in 2026, and 127.8 million Euros in 2027.

Duell's EBIT profitability has experienced a decline, primarily due to the changes in the French brand portfolio, which has had a significant impact on the company's overall profitability. The integration of new brands has been challenging, leading to increased costs and decreased efficiency. Additionally, the weak winter conditions in the Nordics during the first quarter have also contributed to the decline in profitability. Despite these challenges, Duell has implemented various initiatives to improve profitability, including the re-engineering of supply chain operations and inventory optimization. However, the non-recurring negative impact of these initiatives on the company's full-year result is expected to be substantial, further exacerbating the decline in EBIT profitability.

The realised Ebit for Q2 2026 is 1.2 million Euros, while the predicted Ebit for Q2 2027 (e) is 2.8 million Euros. The expected change in Ebit from Q2 2026 to Q2 2027 (e) is 1.6 million Euros, representing a 133.33% increase. The Ebit is expected to increase by 1.3 million Euros from 2025 to 2026, which represents a 18.2% change. From 2026 to 2027, the Ebit is predicted to rise by 2.8 million Euros, a 117.4% increase. The annual Ebit values are 1.1 million, 2.4 million, and 5.2 million Euros for the years 2025, 2026, and 2027, respectively.

The realised value for Q2 2026 is 0.5 million Euros, while the predicted value for Q2 2027 (e) is 2.8 million Euros. The expected change in one year is an increase of 1.3 million Euros, which represents a 260% change from the realised value. The profit before tax is expected to increase by 2.8 million Euros from 2025 to 2026, representing a 233% change. From 2026 to 2027, the profit before tax is predicted to increase by 3.6 million Euros, representing a 225% change. The annual values for profit before tax are -1.2 million Euros in 2025, 1.6 million Euros in 2026, and 5.2 million Euros in 2027.

The realised profit for Q2 2026 is 0.6 million Euros, while the predicted profit for Q2 2027 (e) is 2.3 million Euros. The profit is expected to increase by 1.7 million Euros, which is a 283% change from the realised value. The profit is expected to increase by 2.9 million Euros from 2025 to 2026, which is a 182% change. From 2026 to 2027, the profit is predicted to increase by 2.7 million Euros, representing a 193% change. The annual profit values are -1.6 million Euros in 2025, 1.4 million Euros in 2026, and 4.1 million Euros in 2027.