Duell Corporation, a Nordic powersports aftermarket distributor, reported a challenging start to its 2026 financial year as a delayed winter season weighed on demand in key Nordic markets. 

Net sales fell 12% to EUR 25 million in the September to November period due to a delayed winter season and weaker demand, particularly in the Nordics and France, the wholesale company that sells spare parts for powersports and bicycles announced today. Adjusted EBITA declined to EUR -0.1 million, compared with EUR 0.7 million a year earlier, while earnings per share fell to EUR -0.28.

“In the Nordic countries, the first quarter of the 2026 financial year is winter driven,” said Chief Executive Magnus Miemois. “Due to a slow start to the winter season and challenges in France, net sales and profitability were lower than in the previous year.”

Miemois said conditions varied across regions, noting that Central Europe developed largely as planned, while Eastern Europe showed encouraging signs. “In the Eastern European market, especially in Poland, we noted positive development, even though competition is relatively fierce,” he said.

Despite the weak quarter, Duell is pressing ahead with operational changes and investments. “The renewal and expansion of our ecommerce service is proceeding according to plan,” Miemois said, adding that logistics optimization and performance improvement measures are advancing as expected.

Duell kept its full-year guidance unchanged, expecting organic net sales and adjusted EBITA to remain at last year’s levels.