Search for 2026 Commissioned Student Coverage on Inderes
Inderes was born outside the industry, from our passion for investing. We were once the students who challenged the industry cabinets, and last year we initiated our first ever student coverage on Inderes stock. The coverage has proven to be of high quality, and we have decided to continue with Student Coverage.
"Taking part in the Inderes Student Coverage application process taught more than taking an advanced course in finance"
- Finalist 2024
The search is on!
We are looking for the new team of students to challenge us. Every investor needs independent research, informed views and a steady flow of investor information that cuts through the clutter. We are yet again looking for fresh contributors to push us further. Will you be one of them?
Here's what we want you to do:
Pitch the best initiation of coverage on Inderes as a company. The team with the best pitch gets to provide publicly available equity research of Inderes’ stock for one year, for which Inderes will pay the team €10,000.
In the research, you should take into account the company's business model, current business performance, strategy, target markets, financial situation and balance sheet structure, valuation level, risks and outlook.
You can watch here the kick-off session hosted on October 6th. You can enter the competition as a team of 1–3 students. We don’t care what phase you are in your studies, or what your major is, as long as you are still a student and want to take this opportunity to both learn and get recognition in the industry. The competition is open for all students in Finland and Sweden.
The due date for registration is November 30th, 2025. The deadline for the initiation of coverage pitches is December 31, 2025, and the best entries will be invited to present their work to the jury. The jury will be led by Petri Gostowski, Head of Research at Inderes, accompanied by Kaisa Vanha-Perttula, Lucas Mattsson, Miikka Laitila and Tuulikki Rautiainen.
The jury value the following features in the winning pitch entry:
- Quality: Well-informed views and research that includes forecasts, target price and recommendation. The research should have balance in short- and long-term perspectives. There are no right or wrong views, but there are well (or poorly) argued ones.
- Independence: The research is made for the investors, not the company.
- Passion: We value work that shows a love of the craft, a spirit of experimentation and innovative energy.
- The format for the Initiation of coverage and the coverage itself is free, as long as it can be distributed digitally. The pitch should be held in English.
The teams' research will be presented at an event organized by Inderes in January. Each team will have about 30 minutes to pitch, of which about 10 minutes will be for questions and discussion. Depending on the number of participants, we will select the most promising work (max. 5) to pitch.
The winner will be selected in early 2026 and the team will be notified personally. The names of the participants will not be published, but the names of the winners will be published when they start their coverage.
After the winner is announced, the winning team has an opportunity to finalize the initiation of coverage report before it is made public. The team will also have access to Inderes’ management for interviews.
Coverage updates will be published on Inderes' channels for one year. We expect the team to produce research that keeps the investors updated and serves their information needs. Throughout the year, the winning team will also have access to Inderes' management and team of experts for advice on research methods or publication formats.
Important dates:
October 6th, 2025 Kickoff webcast available here.
November 30th, 2025 Deadline for registration of pitch. Send an email to studentcoverage@inderes.com
December 31st, 2025 Deadline for submitting Initiation of Coverage pitches. Submit your pitch by sending an email to studentcoverage@inderes.com
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January 15th, 2026 Presentation of selected pitches to the jury
January 21st, 2026 (at the latest) Selection of the winner
Early February 2026 After Inderes’ Q4 publishing, the winner will interview the management
February 2026 Publication of the first coverage report
Indicative reporting schedule for 2026: April 2026 Q1 report, August 2026 Q2 report, October 2026 Q3 report, February 2026 Q4 report
Disclaimer
Organizer: Inderes Oyj, 2277600-2, Porkkalankatu 5, 00180 Helsinki ("Inderes”).
Who may enter: The opportunity is open to students who are studying in Finland or Sweden at the time of registration. Each student can only be part of one team.
General conditions: By applying, you agree to be bound by these terms. Inderes reserves the right to change these terms and will inform everyone who has submitted their entry if any changes are made to these terms. Inderes reserves the right to postpone or suspend the search, or not select any submitted work for publication, if the quality criteria issued by Inderes are not met.
Participants’ obligations: The team chosen by the jury commits to produce continuous investment research on Inderes’ stock which leads to an investment recommendation. The team chosen by the jury commits to exercise due diligence in their equity research. In their equity research, the team adheres to reliable sources and good practices, the law, objectivity and the applicable investment recommendations of the Financial Supervisory Authority. The team may not introduce or use information that may be construed as misleading, breaching the law or applicable regulations, unethical, against good practices or in poor taste. The team endeavors to use the most reliable sources and information when conducting research. No part of the research reports, or the reports as a whole, shall be transferred or shared in any form to the United States, Canada or Japan or the citizens of the aforementioned countries. The legislation of other countries may also lay down restrictions pertaining to the distribution of the information contained in the reports.
Judging: The decisions of the jury are final and cannot be appealed. Teams participating in the second round (pitch) will receive feedback on their performance. By participating, a participant confirms that they have designed and written the material themselves with which they participate. The jury reserves may disqualify any participant if it suspects cheating, breach of terms, or any other form of misconduct.
Assignment of rights: The participants grant Inderes full rights to use the material submitted by the participants in its marketing for an unlimited period of time, in any media, in any market, anywhere in the world.
By entering, participants agree to the names and photos of the chosen team’s members being published on Inderes' website and/or social media.
Personal Data: Inderes is the data controller for the processing of a participant’s email address, name and other relevant contact details that Inderes collects from participants in connection with participation. Inderes will delete all material containing personal data after the end of this process and when Inderes no longer needs the personal data to administer the process. If you have any questions regarding the processing of your personal data or the correction of inaccurate data, or if you wish to exercise your right to access, rectify or delete your personal data or to restrict the processing of your personal data, please contact us at studentcoverage@inderes.fi.
By entering, you agree that the information you provide about yourself when entering will be processed for the purposes of this process.
Payment: The payment for the equity research of Inderes’ stock will be disbursed in varying instalments over the course of the one-year term. The payment shall include all expenses incurred in connection with the provision of the equity research.