Inderes Group - Q1: Above our estimates thanks to AGM and analysis services - SEB
Inderes delivered solid Q1 with sales and EBITA above our estimates. We flag the solid organic growth of 25% and the increased number of commisioned research agreements. Also the demand for AGM services has been good, up 40% y/y. We continue to see the repeated guidance as conservative. A good report overall that shows the recovery from the soft H1/22 is progressing well.
Inderes
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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