contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  availableLanguages
  pageUrl
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


inderes-group-signs-of-life-in-the-ipo-market-seb

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

availableLanguages

pageUrl

imgUrl

description

Inderes är verksamt inom finansbranschen. Bolaget tillhandahåller en communityplattform för investerare och börsnoterade företag. Via plattformen kan användarna kommunicera med varandra och utbyta investeringstips. Kunderna består av både företag och privatpersoner. Utöver erbjuder bolaget analystjänster och underlag för investeringsbeslut. Störst verksamhet återfinns inom Norden.

Inderes

Inderes posted a solid Q3 report, with sales up 11.5% in a tough market. Our read is that while headwinds remain for the underlying market, growth was delivered by cross-selling and gradual steps in Sweden. Positively, the company sees improving signs in the IPO funnel. We share the company’s view and think the IPO market could reopen; we lift our 2024-26 estimates and raise our fair value range to EUR 21-23 (EUR 19-21).

<div>
<h4>Inderes posted a solid Q3 report, with sales up 11.5% in a tough market. Our read is that while headwinds remain for the underlying market, growth was delivered by cross-selling and gradual steps in Sweden. Positively, the company sees improving signs in the IPO funnel. We share the company&#x2019;s view and think the IPO market could reopen; we lift our 2024-26 estimates and raise our fair value range to EUR 21-23 (EUR 19-21).</h4>
<p>&#xa0;</p>
</div>
<div>
<h4>Q3 outcome: Beat owing to event projects in September</h4>
<p>Our read is that Inderes&#x2019; Q3 earnings beat was largely thanks to improved event project activity in Sweden, which had a favourable timing effect in September. Hence, we do not extrapolate the beat to Q4. However, we raise our 2025 estimates following signs of a revival in IPO activity. Also, the number of commissioned research contracts was again above our estimate.</p>
</div>
<div>
<h4>2025 could also welcome market-driven growth</h4>
<p>Should improved IPO activity materialise, it means a growing market for Inderes. In addition to a high win-rate in research agreements among newly listed companies, we think selling the whole product range to IPO candidates is relatively easy. On top of market growth, Inderes should still be able to increase market penetration in AGM services and IR software. However, the market environment remains uncertain and new geopolitical tensions or financial market woes could see the planned IPOs pulled. In Sweden, Inderes&#x2019; growth remains less dependent on market growth. Inderes keeps winning new deals but at relatively slow pace, as introducing Inderes&#x2019; research model takes time. However, we continue to think that once critical mass is reached, Swedish growth could accelerate. However, defining such a point remains difficult.</p>
</div>
<div>
<h4>Fair value range raised to EUR 21-23</h4>
<p>2025E-26E EBITA rises by 6%. We also see a reduced risk of estimates falling, which lets us raise our fair value range.</p>
</div>

Q3 outcome: Beat owing to event projects in September

2025 could also welcome market-driven growth

Fair value range raised to EUR 21-23

Inderes

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