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Research

Inderes Group - Strong CMD season backs clear beat in November - SEB

By SEB
Inderes
Download report (PDF)

Inderes delivered solid monthly sales in November with sales increasing by
15% y/y. The strong growth owes to improved CMD activity. The sales beat our
estimate by EUR 0.2m, which was the case also in October. Consequently, after
two months of reporting in Q4 the sales run-rate is some EUR 0.4m above our
current projection. Our positive read-x is also supported by the fact that
Inderes has managed to win CMDs also in Sweden. 

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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

Hi There was some discussion about this in the Lindex thread Lindex Group (Stockmann Group) - #3288 käyttäjältä Rauli_Juva
1/23/2026, 6:32 AM
by Mikael Rautanen
11
Hi, DNB Carnegie has now started coverage of Lindex. Regarding Inderes, the research agreement with Lindex was terminated at the beginning of...
1/23/2026, 6:00 AM
by Aapo-Artturi
4
It’s great that we finally got to go public with this! Videosync’s “European partner” was revealed at the same time, meaning this partnership...
1/22/2026, 9:59 AM
by Mikael Rautanen
57
Inderes and Euronext Corporate Solutions to collaborate on sales of Inderes’ IR software in Sweden Nice to get some positive news. And now there...
1/22/2026, 8:24 AM
by raisinglines
49
Hi! Great to see the book is being read so closely That 80m is actually correct; it was our market cap right after the bell rang when the share...
1/14/2026, 7:31 PM
by Mikael Rautanen
50
Great to be back! Fulfilling a long-term dream was a fantastic experience, and at the same time, the 2-month break provided a good opportunity...
1/13/2026, 8:41 AM
by Mikael Rautanen
82
Mikael has commented that the fund business would not be compatible with the goal of independence:
1/10/2026, 2:24 AM
by Ilkka
25
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