Company Release – 10.4.2025

Duell has published the half-year 2025 financial report September 2024-February 2025

CEO Magnus Miemois commenting the performance of second quarter and first half.

“Demand for snowmobile products was disappointing, due of course to the unusually warm winter and poor snow conditions in the Nordic countries. Although demand in the most northern regions was normal, and good sales progress was made, overall volumes in the snow category were down and this had a significant impact on margin development. On a positive note, our strategic focus in Central Europe continued to deliver progress with sales growth, particularly with large e-commerce customers. All in all, we achieved 4% top-line growth also in the second quarter. From a first half-year perspective, we continue to deliver growth, and both operational efficiency and profitability are improving, so I am pleased with this development.”