Inderes Group . Q1: In-line report - SEB
Inderes delivered a Q1 report well in line with our estimates. Rounded off, sales were a notch higher than our estimate, while EBITA missed by tens of thousands of euros. The number of commissioned research contracts was also in line. Guidance was reiterated and we flag that sales growth should pick up from Q2 as AGM season was more skewed towards Q2 this year. All in all, we expect a neutral reaction and at first glance believe that estimate revisions should be small.
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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