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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.

The period leading up to the report has been marked by a clear acceleration in growth. H1 revenue came in at 11.4 MEUR, up 8.7% year-on-year, with an adjusted EBITA margin of 11.4% (11.3%) and Software as the fastest-growing unit at 23%. Monthly revenue has continued to build momentum since then, with June up 26% to 1.5 MEUR followed by 12% growth in both July and August (1.4 MEUR each), the fourth consecutive month of double-digit growth. According to management, growth has been driven primarily by recurring revenue in the Software and Research businesses. September figures will be published as part of the Business Review itself.

On September 28, Inderes issued a positive profit warning and raised its 2026 guidance. The company now expects revenue growth of 6 to 9% (previously an unquantified increase from 2025) and an adjusted EBITA margin of 12 to 14% (previously 10 to 13%), against 19.1 MEUR and 11.4% in 2025. Management pointed to strong Software growth in H2, improving market conditions, continued recurring revenue growth in Research, and better internal efficiency supported by the adoption of AI tools. All three business units are expected to grow, while profitability in the Events business is expected to be weaker than last year due to sales mix.

The new guidance implies full-year revenue of roughly 20.2 to 20.8 MEUR and adjusted EBITA of roughly 2.4 to 2.9 MEUR. With January to August revenue of 14.2 MEUR, close to 69% of the guidance midpoint has already been delivered, leaving a seasonally strong fourth quarter to carry the remainder.

Since the H1 report, Inderes has also decided on a second dividend instalment of EUR 0.23 per share (record date October 22, payment October 29), published its 2027 financial calendar, and continued its share buyback programme, which runs until the end of 2026 with a maximum of 70,000 shares and EUR 0.9m. In addition,

Investor focus at the event is likely to center on whether Q3 profitability supports the upper half of the raised guidance range, and on the drivers behind the acceleration in the Software business, including the international reference customers won in Denmark and Sweden. Beyond that, the recovery in the Finnish IPO market, the pace of the turnaround in Swedish Events, the shift toward fully digital AGMs ahead of the 2027 season, and the extent to which AI is lifting both internal efficiency and pricing power are likely to come into focus.

Disclaimer: HC Andersen Capital receives payment from Inderes for a Digital IR/Corporate Visibility subscription agreement. Inderes and HC Andersen Capital are strategic partners, and Inderes holds 20% ownership in HC Andersen Capital. A number of HC Andersen Capital employees own shares in Inderes. /Michael Friis, at 09.49 CEST, 06/10-2026.