Inderes

Keskiviikon teemana ovat Media & Teknologia.

Inderes reported August sales in line with our estimate (rounded). The y/y growth of 12% speaks to the benign market environment and continued strong momentum in software solutions. Furthermore, the company notes further improving signs in the IPO market. While the Swedish expansion remains gradual, we note that market growth in Finland should convert into topline growth for Inderes, with high probability, due to its dominant market position.

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Inderes had a good first half, with revenue growing 9 %, and EBITA margin improving to 11,4 %.