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Inderes operates in the financial industry. The company provides a community platform for investors and listed companies. Via the platform, users can communicate with each other and exchange investment tips. The customers consist of both companies and private individuals. In addition, the company offers analysis services and a basis for investment decisions. The largest operations are in the Nordic region.
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.
Inderes reported H1 2026 results this morning, showing growth in both revenue and earnings. Q2 sales increased by 14.1% to MEUR 5.9 (5.2). EUR, and H1 reached 11.4 (10.5) MEUR. EUR. Software grew by 23% in H1, and the EBITA margin in Q2 increased to 13.5% (2.6%). Guidance for higher sales than in 2025 and an EBITA margin of 10 to 13% is maintained. We are hosting an event with management later today.
Inderes reported H1 2026 results this morning, showing growth in both top and bottom lines. Q2 revenue increased by 14.1% to 5.9 MEUR (5.2 MEUR), and H1 reached 11.4 MEUR (10.5 MEUR). Software grew by 23% in H1, and the EBITA margin in Q2 rose to 13.5% (2.6%). Guidance for higher revenue than in 2025 and an EBITA margin of 10% to 13% is maintained. We will host an event with management later today.
Trifork announced this morning that its subsidiary Nine has won a four-year contract with the Danish Agency for Higher Education and Science, estimated at 50 MDKK. This highlights the increasing importance of the public sector, which grew from 42% of revenue in 2025 to 45% in Q1 2026. The H1 report will be released on August 17th at 1:00 PM. We will host an event with management
Trifork announced this morning that its subsidiary, Nine, has won a four-year contract with the Agency for Research and Education, estimated at 50 MDKK. DKK. This highlights the increasing weight of the public sector, which grew from 42% of sales in 2025 to 45% in Q1 2026. The H1 report will be released on August 17th at 1:00 PM. We are hosting an event with management.
https://www.inderes.dk/videos/trifork-h1-2026-presentation-and-qanda
Inderes delivered solid growth of 14% in Q2, topping our estimate thanks to continued software and events momentum in June. However, the Q2 EBITA of EUR 0.8m hit our estimate and hence on the profit lines the report was 'in line'. Based on the 7% y/y increase in research contracts and continued growth momentum in software, we see the company's growth momentum continuing in H2. Thus, we believe this warrants a positive share price reaction.
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).
