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- Duell - Mixed development
Duell - Mixed development
Duell reported Q2 net sales at EUR 29.3m, surpassing our forecast of EUR 28.3m, while adjusted EBITA reached EUR 1.1m, falling short of our estimate of EUR 1.5m. Growth in Europe exceeded our forecasts, while slow demand for snowmobile products due to weather conditions impacted margins more than we had expected.