Duell Corporation nine months financial report

Duell has today published its nine months financial report from September 2021-May 2022. In uncertain market conditions the demand for the products varied from month to month in the third quarter. After a good demand in March, in April the consumer demand significantly slowed down in all countries but recovered back to normal levels in May. Despite that, net sales grew strongly by 43.5% including the impact of acquisitions. Inventory levels remained high to ensure the availability of products for dealers. Despite the uncertain market conditions, Duell has good position to implement the growth strategy supported by the recent acquisition of a leading bicycle wholesaler, PowerFactory. 

 

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