Inderes Group - February sales broadly in line - SEB
Inderes reported February sales of EUR 1.7m, slightly below our estimate of EUR 1.8m. However, we note that the reported growth in February was 4%, which is in line with our estimate. The company flags an increase in the number of clients in new products (like IR software). During March-April the sales should be up seasonally due to the AGM season. According to Inderes AGM services sales have also progressed well. Overall, our impression is neutral.
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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