Inderes Group - Sales in November broadly in line with our Q4 expectation - SEB
Inderes' November sales were EUR 1.7m, up 11% from the previous year. The October-November sales data implies that our Q4 sales estimate is well in place, i.e. flat y/y performance in December. The commissioned research business will be the growth driver in December while project revenue (especially outside listed company clients) and Swedish FX remain the headwinds. All in all, we call the data point neutral to the case.
Inderes
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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