Inderes

Ahead of Inderes’s Q2 report, we have slightly hiked estimates on back of the better-than-expected April-May sales data. In a big-picture context, we emphasise the activated IPO market, which means the underlying market for Inderes is growing. That said, the improving market situation is already in our estimates; our focus is on the gradual expansion in the Swedish market. Fair value range rises a notch to EUR 19-21 (18-20).

Inderes is expected to release its H1 2026 results on August 11, 2026. Inderes CEO Mikael Rautanen will present the results in a live online event on the same day at 13:00 CEST, where you will also have the opportunity to ask questions.