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Extensive research

Inderes - Finnish market done; pan-Nordic next - SEB

By SEB
Inderes
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After creating a dominant position in the commissioned equity research and virtual events markets in Finland, Inderes aims to take its platform to all Nordic countries. The Nordic market opportunity is much larger than the Finnish one, making the company’s long-term growth potential attractive. Near-term growth is supported by 2021 IPO activity. We initiate coverage on Inderes with a fair value range of EUR 35-39.

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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.

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Forum discussions

Mikael has commented that the fund business would not be compatible with the goal of independence:
yesterday
by Ilkka
15
Inderes would now have a golden opportunity to set up a “Small & mid-cap Nordics” fund There wouldn’t be a need to pay high valuations, as prices...
yesterday
by Kulta-Into Pii
9
@_TeemuHinkula interviewed @Tuulikki_Rautiainen about Inderes’ organizational model, among other things. Topics: 00:00 Start 01:35 Tuulikki ...
yesterday
by Sijoittaja-alokas
23
Q4 2025 Community Metrics Update Steady growth on the forum Social media has started to wake up There aren’t many of us shareholders left
1/7/2026, 1:46 PM
by @TeemuHinkula
50
Juha Ollikainen was responsible for the largest selling pressure in December, disappearing from the December shareholder list: Pauli Lohi also...
1/2/2026, 8:46 AM
by Karhu Hylje
28
Greetings to the Forum! Here is the Inderes Q4 preview we promised for this year. We also want to highlight a change in our team composition...
12/29/2025, 6:31 AM
62
Here’s a fresh look at Inderes from Sebu. Inderes delivered solid monthly sales in November with sales increasing by 15% y/y. The strong growth...
12/12/2025, 5:38 PM
by Sijoittaja-alokas
21
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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.