Inderes Group - Q1: Above our estimates thanks to AGM and analysis services - SEB

Av 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.