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
  pageUrl
  alternatePageUrls {
    pageUrl
    lang
  }
  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-fight-against-the-market-seb

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

alternatePageUrls

imgUrl

description

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.

(Replying in English for the student coverage questions) Q: Why personnel expenses are lower in Q3?  A: Like reaaliosinkoguy @_TeemuHinkula pointed out, it is the holiday salary accruals that are relased during the quarter (when people have their holidays) which creates this cost seasonality for Q3. Purely an accounting item withing the year. Q: Can AI boost your productivity?  A: Absolutely yes, it is boosting productivity in all teams already, we are actively using new tools to do things more efficiently. However, I don’t think this will bring any kind of sustainable advantage since the tools are out there for everyone else. The only way to stay ahead is to have a curious culture that adopts and implements new technologies and ways of working faster than the industry average. In this we have been fairly good historically, we’ve been always in indirect/direct competition with industry giants that have massive resources, but we’ve found our ways as the scarcity of resources has been driving our creativity. And new technologies, that are often free or very cheap, enable to implement these ideas. This goes for both incremential innovation such as boosting productivity of existing things and more radical innovation, coming up with completely new ways of doing things. It is equally a threat if we don’t stay on top of the game.

Tätä on käsitelty yleensä Q3 osareiden yhteydessä, mutta myös tästä ketjusta löytyy vastaus.

Kysymyksiä student coverageen: Miksi henkilöstökulut ovat kolmoskvartaaleissa olennaisesti pienemmät kuin muissa kvartaaleissa? Näettekö, että tekoäly voisi olla jonkinlainen tuottavuutta parantava ajuri ja jos niin millainen?

Onnea Mikael!  "Future Leader of the Year: Mikael Rautanen, Inderes Oyj Mikael Rautanen, CEO and co-founder of Inderes Oyj, has driven the company’s transformation from a startup to an internationally recognized public company with a focus on continuous development and innovation."                   Nordic Listed Leaders              Meet the winners of the Nordic Listed Leaders Awards — Nordic Listed Leaders    The first ever  Nordic Listed Leaders Gala (NLL Gala)  took place last night at Valkoinen Sali in Helsinki, bringing together 100 leaders from Nordic publicly listed companies to celebrate leadership and innovation. The highlight of the evening was...

*Student coverage Q&A part 2 We’ve received two questions that I will answer here so the information is again equally available for all teams and investors: Q: Can you open roadmap regarding Denmark? What goals you haven in Denmark during this strategy period? Voisitko avata askelmerkkejä Tanskan suhteen? Mitä tavoitteita nykyisellä strategiakaudella pyritään saavuttamaan Tanskassa? A: HCA partnership is strategically our access to the Danish market. HCA has strong local presence, great local team, customer access and active sales force towards the whole listed company ecosystem in Denmark. They have their own products and advisory services, but on top of that they resell our products and related services to local customers (IR web, press release system, agm, commissioned research, teleconferences). In a nutshell: they have the local team close to clients, we have the platform, tools and technology needed to run the operations and gain competitive edge. Strategically, we together aim to establish a strong position in the Danish IR product market with HCA during the upcoming years. As we need to test different go-to-market strategies to new countries, this partnership is also a pilot to how different partner models could work as a go-to-market tactic for Inderes. Q: How is revenue recognized from Denmark operation? What is the role of HCA and Inderes? Is there difference between sales of HCA or Inderes products? (Miten liikevaihto kirjautuu Tanskan liiketoiminnasta? Mikä on Inderesin ja mikä HCA:n rooli? Onko eroa siinä, myydäänkö Inderesin oma tuote vai HCA:n tuote? ) A: The partnership is based on fixed platform fee and on top of that we have a revenue share model on sales of products that apply Inderes technology. We have piloted successfully all our main products together with local clients, but it is still small volumes and mainly pilots so commercially the revenue share part is not significant, as we have communicated. If HCA grows in products outside Inderes’ scope, such as advisory, we benefit from that indirectly through our 20 % ownership. It is worth mentioning that Denmark is however a smaller IR market than Finland, and in many aspects not as mature as Finland. Technical details, not significant but good to understand for background. As an associate company (osakkuusyhtiö) where we have control through two board seats, HCA’s net result is recognized under our financial income/cost -line. Also, the 20 % ownership investment is annually depreciated under FAS accounting and this item is also booked under financial costs. This has no impact on cash flow (unless HCA pays dividend) and our adjusted EPS is adjusted for this slightly weird FAS accounting item.

Tässä on SEBin aatokset Inderesin marraskuusta ja vähän muustakin  Inderes’ November sales surprisingly declined y/y by -5% while we had expected growth of 5%. The month’s sales were impacted by timing of events and fewer number of large events vs. previous year. We had expected the CMD activity to be on the same level as in 2023. While timing of events can be overlooked our negative note goes to Swedish sales, which declined y/y in November. After Oct-Nov reports the Q4 sales are some EUR 0.2m behind our estimate for the quarter.                   Inderes              Inderes Group - November sales below our estimate - SEB    Inderes' November sales surprisingly declined y/y by -5% while we had expected growth of 5%. The month's sales were impacted by timing of events and fewer number of large events vs. previous year. We had expected the CMD activity to be on the same...

Inderes aloittaa Spotifyn seurannan. Ei ole ilmeisesti maksava asiakas kun ei rapsaan merkattu? Onko ajatus sama kuin Helsingin kansanosakkeiden maksuttomassa seurannassa, sisäänheittotuote (sijoittajille ja Spotifylle)?                   Inderes              Spotify initiation of coverage: The king of audio streaming - Inderes    Spotify’s impressive transformation into a profitable business with strong free cash flow generation, coupled with sustained high growth in its user base, underscores the platform’s strength and solid fundamentals.

Inderes

With the Q2 report was broadly in line with SEBe and the July sales report, our estimate changes for 2024 are muted.

<h4>With the Q2 report was broadly in line with SEBe and the July sales report, our estimate changes for 2024 are muted. We think that Inderes is fighting well against a diminishing market, which has not been helped by the recent market volatility. Swedish expansion is progressing, but in small steps. We take slightly more cautious view for 2025E growth and adjust our fair equity value range to EUR 19-21 per share from EUR 20-22 per share.</h4>

Inderes Group - Fight against the market - SEB

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