Duell: Profitability below expectations - Evli

Profitability below expectations
Duell’s Q3 net sales came in at EUR 37.9m, slightly
below our estimate of EUR 38.8m as the sales declined
in the Nordics more than we estimated. On the cost
side, the gross margin was a positive surprise while
operating expenses were higher than estimated,
leading to lower-than-expected profitability.

Länk till analysen i sin helhet: https://1764719.fs1.hubspotusercontent-na1.net/hubfs/1764719/ERP/Raportit/Duell/Duell%20240703%20Q3%20Earnings%20flash.pdf