Welcome to follow Inderes' first Capital Markets Day on Friday, May 26 at 9:30 am EEST on inderesTV.

Inderes Oyj
Press release 27 April, 2023 14:00 EET

Invitation to Inderes Capital Markets Day on May 26, 2023

Inderes invites investors, Inderes community members, analysts, financial media, and other capital markets representatives to its Capital Markets Day, which will take place on May 26, 2023, from 9:30 am until 11:30 am (EET). The event can be attended on-site at Inderes’ event studios in Helsinki, Töölönlahdenkatu 2, 00100 Helsinki, and in Stockholm at Västra Trädgårdsgatan 19, 111 53 Stockholm, or remotely via webcast.

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' sales in Jan-Feb showed growth of 52%. We remind that growth is driven by the Swedish acquisitions, of which seasonality is driven by earnings seasons. We have input Q1 growth of 40%; following the published Jan-Feb numbers, our estimate implies March sales of EUR 2.0m vs EUR 1.5m a year ago (growth of 29%). Thus, we conclude that the reported Jan-Feb came in broadly in line with our Q1 estimate and, if anything, risks are skewed to the upside.