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Research

Inderes Group - Headwinds to fade towards 2026 - SEB

By SEB
Inderes
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Inderes’Q3 miss was not a surprise after the recent profit warning. While topline growth faces headwinds on the event side,recurring revenue maintained steady growth driven by software. We stick to our growth view for 2026E, which we find will be driven by market tailwinds that materialise through IPOs. However, we lower our estimates on a weaker base in 2025E and our fair value range to EUR 18-20 (from EUR 19-21).

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

Ending the year with accelerating growth - SEB Target price of 19-21 from SEB in pre-earnings analysis.
22 hours ago
by raisinglines
16
How big of a threat (or opportunity) is AI for Inderes? Analysis Business AI streamlines the work of analysts, but is a human analyst still ...
yesterday
by Karhu Hylje
16
These have been quite relaxed, at least we aim to keep them as informal as possible! Usually, 5-10 people have shown up, mostly private investors...
yesterday
by Mikael Rautanen
28
What kind of ”public events” are your financial statement releases? I’m wondering how serious of an investor one needs to be if they intend ...
1/29/2026, 8:33 AM
7
Now things are starting to look good. We just need to ensure this new hire gets all the support they need from the company’s management; without...
1/28/2026, 5:52 PM
by Hawkmountdiver
14
Now this looks like some serious business. linkedin.com Inderes Rekrytointi Senior Sales Manager, New Accounts Helsinki | LinkedIn Lähetetty...
1/28/2026, 5:11 PM
by @TeemuHinkula
41
Financial statement preparations are currently in full swing here in Ruoholahti. Welcome to hear the Q4 announcement in person (at the Ruoholahti...
1/28/2026, 2:05 PM
by Mikael Rautanen
23
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