Reported Earnings • Jul 02
Third quarter 2026 earnings: Revenues exceed analyst expectations Third quarter 2026 results: Revenue: €39.7m (up 4.0% from 3Q 2025). Net income: €588.0k (down 23% from 3Q 2025). Profit margin: 1.5% (down from 2.0% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Retail Distributors industry in Europe. Announcement • Jun 16
Duell Corporation Announces Anne-May Asplund Leaves as Chief People Officer and Member of Management Team on 15 September 2026 Duell Corporation announced its Chief People Officer and member of the Management Team Anne-May Asplund will leave the Company on 15 September 2026. The company will initiate a recruitment process for a successor immediately. Major Estimate Revision • Apr 16
Consensus EPS estimates fall by 214% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €121.7m to €117.8m. Losses expected to increase from €0.28 per share to €0.87. Retail Distributors industry in Finland expected to see average net income growth of 17% next year. Consensus price target down from €2.57 to €1.33. Share price rose 2.4% to €1.29 over the past week. New Risk • Apr 13
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €2.3m Forecast net loss in 3 years: €564k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€6.44m market cap, or US$7.54m). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (€564k net loss in 3 years). Breakeven Date Change • Apr 10
Forecast breakeven date pushed back to 2028 The 3 analysts covering Duell Oyj previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 47% per year to 2027. The company is expected to make a profit of €600.0k in 2028. Average annual earnings growth of 76% is required to achieve expected profit on schedule. Reported Earnings • Apr 09
Second quarter 2026 earnings: Revenues exceed analyst expectations Second quarter 2026 results: Revenue: €28.9m (down 1.2% from 2Q 2025). Net loss: €649.0k (loss widened 46% from 2Q 2025). Revenue exceeded analyst estimates by 4.7%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Retail Distributors industry in Europe. New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€6.83m market cap, or US$7.97m). Major Estimate Revision • Mar 24
Consensus EPS estimates upgraded to €0.27 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -€0.30 to -€0.267 per share. Revenue forecast steady at €122.0m. Retail Distributors industry in Finland expected to see average net income growth of 17% next year. Consensus price target down from €2.97 to €2.73. Share price fell 6.5% to €2.16 over the past week. Price Target Changed • Mar 23
Price target decreased by 12% to €2.73 Down from €3.10, the current price target is an average from 3 analysts. New target price is 19% above last closing price of €2.29. Stock is down 65% over the past year. The company is forecast to post a net loss per share of €0.27 next year compared to a net loss per share of €0.20 last year. Announcement • Feb 17
Duell Oyj to Report Fiscal Year 2026 Final Results between Oct 26, 2026 and Oct 30, 2026 Duell Oyj announced that they will report fiscal year 2026 final results on between Oct 26, 2026 and Oct 30, 2026 Announcement • Jan 14
Duell Oyj Provides Unchanged Earnings Guidance for 2026 Duell Oyj provided unchanged earnings guidance for the year 2026. For the year, the company expects organic net sales to remain at the same level as last year. Breakeven Date Change • Dec 25
Forecast breakeven date pushed back to 2027 The 3 analysts covering Duell Oyj previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 95% to 2026. The company is expected to make a profit of €1.00m in 2027. Average annual earnings growth of 75% is required to achieve expected profit on schedule. Price Target Changed • Dec 22
Price target decreased by 19% to €3.80 Down from €4.70, the current price target is an average from 3 analysts. New target price is 23% above last closing price of €3.10. Stock is down 56% over the past year. The company is forecast to post earnings per share of €0 next year compared to a net loss per share of €0.20 last year. Announcement • Nov 28
Duell Oyj Announces Board and Committee Changes The Board of Directors of Duell Corporation has decided in the organisational meeting held after Annual General Meeting 2025 that Anna Hyvönen is elected as the Chair of the Board of Directors and Kim Ignatius as the Vice Chair of the Board of Directors as well as Alex Lindholm and Elina Rahkonen as members of the Board of Directors. Anna Hyvönen is elected as the Chair of the People and Remuneration Committee and Elina Rahkonen as a member of the People and Remuneration Committee. Kim Ignatius is elected as the Chair of the Audit Committee and Axel Lindholm and Elina Rahkonen as members of the Audit Committee. Announcement • Oct 11
Duell Oyj, Annual General Meeting, Nov 24, 2026 Duell Oyj, Annual General Meeting, Nov 24, 2026. Reported Earnings • Jul 04
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €38.4m (up 11% from 3Q 2024). Net income: €767.0k (down 10% from 3Q 2024). Profit margin: 2.0% (down from 2.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Buy Or Sell Opportunity • Jul 04
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to €4.10. The fair value is estimated to be €5.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Major Estimate Revision • Jul 02
Consensus EPS estimates fall by 44% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €129.3m to €126.6m. EPS estimate also fell from €0.273 per share to €0.153 per share. Net income forecast to grow 65% next year vs 17% growth forecast for Retail Distributors industry in Finland. Consensus price target down from €8.38 to €6.95. Share price fell 35% to €4.28 over the past week. Price Target Changed • Jul 01
Price target decreased by 13% to €7.70 Down from €8.83, the current price target is an average from 4 analysts. New target price is 77% above last closing price of €4.34. Stock is down 42% over the past year. The company is forecast to post earnings per share of €0.22 next year compared to a net loss per share of €0.76 last year. New Risk • Jun 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 5.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (5.8% average weekly change). Minor Risk Market cap is less than US$100m (€34.7m market cap, or US$40.7m). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to €4.87, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Retail Distributors industry in Europe. Total loss to shareholders of 99% over the past three years. Major Estimate Revision • Apr 22
Consensus EPS estimates increase by 51% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €0.19 to €0.287. Revenue forecast steady at €129.3m. Net income forecast to grow 163% next year vs 29% growth forecast for Retail Distributors industry in Finland. Consensus price target down from €8.83 to €8.50. Share price rose 2.9% to €6.32 over the past week. New Risk • Apr 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€32.4m market cap, or US$36.2m). Announcement • Jan 31
Duell Oyj Announces Director Changes Duell Corporation’s HR Director and member of the Management Team Pia Hoseus will leave the Company in early February 2025. The company will initiate a recruitment process for a successor immediately. In the interim period, Duell’s CFO and member of the Management Team Caj Malmsten will assume the HR Director responsibilities alongside his current duties. Price Target Changed • Jan 21
Price target decreased by 91% to €9.00 Down from €105, the current price target is an average from 2 analysts. New target price is 28% above last closing price of €7.04. Stock is down 6.9% over the past year. The company is forecast to post earnings per share of €14.27 next year compared to a net loss per share of €0.76 last year. Reported Earnings • Jan 17
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: €0.082 loss per share. Revenue: €28.3m (up 4.7% from 1Q 2024). Net loss: €423.0k (loss narrowed 78% from 1Q 2024). Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Retail Distributors industry in Europe. Announcement • Jan 02
Duell Oyj to Report Fiscal Year 2025 Final Results on Oct 27, 2025 Duell Oyj announced that they will report fiscal year 2025 final results on Oct 27, 2025 Price Target Changed • Dec 19
Price target increased by 47% to €155 Up from €105, the current price target is an average from 2 analysts. New target price is 2,056% above last closing price of €7.17. Stock is down 20% over the past year. The company is forecast to post earnings per share of €21.10 next year compared to a net loss per share of €0.76 last year. New Risk • Dec 18
New major risk - Revenue and earnings growth Earnings have declined by 65% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 65% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 32x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (€37.9m market cap, or US$39.7m). Price Target Changed • Nov 25
Price target increased by 47% to €0.78 Up from €0.53, the current price target is an average from 2 analysts. New target price is 90% below last closing price of €7.80. Stock is down 88% over the past year. The company is forecast to post earnings per share of €0.11 next year compared to a net loss per share of €0.0038 last year. New Risk • Nov 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (over 32x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (€40.3m market cap, or US$42.0m). Reported Earnings • Oct 09
Full year 2024 earnings: Revenues miss analyst expectations Full year 2024 results: Revenue: €124.9m (up 5.1% from FY 2023). Net loss: €2.63m (loss narrowed 7.1% from FY 2023). Revenue missed analyst estimates by 2.4%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Retail Distributors industry in Europe. Announcement • Oct 08
Duell Oyj, Annual General Meeting, Nov 25, 2025 Duell Oyj, Annual General Meeting, Nov 25, 2025. Reported Earnings • Apr 07
First half 2024 earnings released: €0.013 loss per share (vs €0.071 loss in 1H 2023) First half 2024 results: €0.013 loss per share. Revenue: €55.2m (up 7.6% from 1H 2023). Net loss: €4.34m (loss widened 141% from 1H 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Retail Distributors industry in Europe. Price Target Changed • Apr 05
Price target increased by 48% to €0.77 Up from €0.52, the current price target is an average from 3 analysts. New target price is 2,081% above last closing price of €0.035. Stock is down 98% over the past year. The company is forecast to post a net loss per share of €0.0015 next year compared to a net loss per share of €0.10 last year. Announcement • Jan 30
Duell Corporation Announces Riitta Niemelä Decides to Leave as Chief Financial Officer Duell Corporation announced that Chief Financial Officer, Riitta Niemelä, has decided to leave the company. Niemelä will continue in her current position until the end of April 2024. The recruitment process for the successor has started. Announcement • Dec 06
Duell Corporation Announces Changes to the Committees Duell Corporation announced that Anu Ora is elected as the chair of the People and Remuneration Committee and Anna Hyvönen and Niko Mokkila as members of the People and Remuneration Committee. Kim Ignatius is elected as the chair of the Audit Committee and Niko Mokkila and Anu Ora as members of the Audit Committee. Announcement • Dec 01
Duell Oyj has filed a Follow-on Equity Offering in the amount of €20.160013 million. Duell Oyj has filed a Follow-on Equity Offering in the amount of €20.160013 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,008,000,642
Price\Range: €0.02
Transaction Features: Rights Offering Buying Opportunity • Dec 01
Now 84% undervalued after recent price drop Over the last 90 days, the stock is down 96%. The fair value is estimated to be €0.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 1.1% in a year. Earnings is forecast to grow by 43% in the next year. New Risk • Oct 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.47m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€9.47m market cap, or US$9.97m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Oct 10
Full year 2023 earnings: Revenues in line with analyst expectations Full year 2023 results: Revenue: €119.1m (down 4.0% from FY 2022). Net loss: €2.83m (down 247% from profit in FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Retail Distributors industry in Europe. Announcement • Oct 01
Duell Oyj Appoints Magnus Miemois as COO and Deputy CEO, Effective January 1, 2024 Duell Oyj announced Magnus Miemois, M.Sc. (Tech.) will start as COO and Deputy CEO of Duell Corporation latest on January 1, 2024. Magnus joins Duell from Lamor Corporation, where he has been responsible for the Eurasia business and global sales development. Prior Lamor, Magnus has worked for Wärtsilä in various global positions. Initially, Magnus is responsible for Duell’s Operations and related development activities. The plan is for Magnus to become Duell’s CEO during 2024. In connection with this change, the current CEO Jarkko Ämmälä will become Duell’s Commercial Director with responsibility for Key Accounts, Key suppliers, and strategic initiatives. Major Estimate Revision • Sep 22
Consensus EPS estimates fall by 467% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €123.0m to €118.0m. Losses expected to increase from €0.015 per share to €0.085. Retail Distributors industry in Finland expected to see average net income growth of 13% next year. Consensus price target down from €1.87 to €1.33. Share price fell 27% to €0.74 over the past week. Announcement • Jul 07
Duell Reaffirms Earnings Guidance for the Year 2023 Duell reaffirms earnings guidance for the year 2023. The company updated the outlook and guidance for financial year 2023 on 17 May 2023. The market and business cycle continue to be weak and uncertain. The continuing inflation and the overall economic environment have decreased consumer confidence. These factors will reduce predictability. Duell is adjusting its operating costs to meet lower-than-expected demand. Duell will continue to execute its growth strategy despite uncertain market conditions. Duell expects net sales to be close to previous year's level. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €1.26, the stock trades at a forward P/E ratio of 64x. Average forward P/E is 10x in the Retail Distributors industry in Europe. Total loss to shareholders of 57% over the past year. Price Target Changed • Jun 06
Price target decreased by 28% to €1.55 Down from €2.15, the current price target is an average from 2 analysts. New target price is 37% above last closing price of €1.14. Stock is down 72% over the past year. The company is forecast to post earnings per share of €0.04 for next year compared to €0.076 last year. Price Target Changed • May 23
Price target decreased by 11% to €2.00 Down from €2.25, the current price target is an average from 2 analysts. New target price is 70% above last closing price of €1.18. Stock is down 74% over the past year. The company is forecast to post earnings per share of €0.04 for next year compared to €0.076 last year. Announcement • May 18
Duell Oyj Revises Earnings Guidance for the Fiscal Year 2023 Duell lowers its outlook and guidance for financial year 2023 due to weaker than expected market and lower sales. The market and business cycle continues to be weak and uncertain. The continuing inflation and the overall economic environment have decreased consumer confidence. These factors will reduce predictability. For the year, the company expects net sales to be close to previous year's level. Earlier company has expected net sales to grow organically and inorganically. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €1.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 10x in the Retail Distributors industry in Europe. Total loss to shareholders of 71% over the past year. Reported Earnings • Apr 06
First half 2023 earnings: Revenues miss analyst expectations First half 2023 results: Revenue: €51.4m (down 5.3% from 1H 2022). Net loss: €1.80m (loss widened 250% from 1H 2022). Revenue missed analyst estimates by 13%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Retail Distributors industry in Europe. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.78, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Retail Distributors industry in Europe. Total loss to shareholders of 77% over the past year. Announcement • Jan 09
Duell Corporation Appoints Jukka Smolander as Business Director Jukka Smolander has been appointed a Business Director for Duell Corporation's bicycle business. Jukka Smolander (MSc. Economics) has been appointed a member of Duell Corporation's Management Team with responsibility for the group's bicycle business. The position is new at Duell. Smolander will join Duell from Broman Group's Head of PMO position, and he has a long experience in the retail industry. Smolander start will start his position on January 9 2023. Announcement • Dec 01
Duell Corporation Announces Resignation of Dennis Nylund as Chief Operating Officer and Member of the Management Team Duell Corporation’s Chief Operating Officer and member of the Management Team, Dennis Nylund, has resigned from the company to move to other positions outside the company. Nylund will continue in his current position until the end of January 2023. The decision of search for a successor or other position related reorganisation has not yet been made. Major Estimate Revision • Nov 24
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast fell from €136.0m to €131.9m. EPS estimate rose from €0.14 to €0.17. Net income forecast to grow 117% next year vs 13% growth forecast for Retail Distributors industry in Finland. Consensus price target of €2.35 unchanged from last update. Share price fell 2.6% to €2.10 over the past week. Reported Earnings • Nov 19
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: €0.076 (down from €0.77 in FY 2021). Revenue: €124.0m (up 62% from FY 2021). Net income: €1.93m (down 42% from FY 2021). Profit margin: 1.6% (down from 4.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 75%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Retail Distributors industry in Europe. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.65, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Retail Distributors industry in Europe. Announcement • Jul 08
Duell Provides Sales Guidance for the Financial Year Ending August 31, 2022 Duell expects organic net sales growth of at least 15% for the financial year ending August 31, 2022. Growth: net sales in the range of EUR 200 - EUR 300 million by the end of 2025, achieved through a combination of clearly above 10% annual organic growth and acquisitions. Announcement • May 13
Duell Oyj (HLSE:DUELL) acquired Powerfactory Nordic Oy Ab for €9.17 million. Duell Oyj (HLSE:DUELL) acquired Powerfactory Nordic Oy Ab for €9.17 million on May 12, 2022. The purchase will be carried out in cash. For the time being, Pasi Huura, the company’s chief executive officer and owner, will continue to be responsible of the bicycle spare parts segment. Powerfactory had net sales of €15.1 million and EBITDA of €1.4 million in 2021
Duell Oyj (HLSE:DUELL) completed the acquisition of Powerfactory Nordic Oy Ab on May 12, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 29
Pellervo Hämäläinen Takes Charge of Duell´S Marketing, Communications and Investor Relations Pellervo Hämäläinen has been appointed a member of Duell Corporation's Management Team with responsibility for the company's marketing, communications and investor relations. Pellervo Hämäläinenhas been appointed a member of Duell Corporation's Management Team with responsibility for the company's marketing, communications and investor relations. Hämäläinen has more than 25 years experience in several management and specialist positions in communications, marketing and investor relations. Marketing and Communications Manager Sami Takaneva will continue to be responsible for the company's marketing in Nordics.