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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.
Inderes is expected to release its January to September 2026 Business Review on October 27, 2026. Inderes CEO Mikael Rautanen will present the results in a live online event on the same day at 13:00 CET, where you will also have the opportunity to ask questions.
Inderes raises its FY/26 guidance, driven by continued strong growth momentum within software. Also, the profitability trend in the research business has been good. In its new guidance, Inderes sees FY/26 sales growth of 6-9% and an EBITA margin of 12-14%. Prior to the guidance increase, we had forecast 2026 sales growth of 9% and an EBITA margin of 12.8%, meaning our current estimate stands at the new range's midpoint for EBITA. Thus, we see no material changes.
Inderes reported August sales in line with our estimate (rounded). The y/y growth of 12% speaks to the benign market environment and continued strong momentum in software solutions. Furthermore, the company notes further improving signs in the IPO market. While the Swedish expansion remains gradual, we note that market growth in Finland should convert into topline growth for Inderes, with high probability, due to its dominant market position.
