Inderes Group - Q2: Muted performance in June takes Q2 below our estimates - SEB
Inderes delivered Q2 sales and EBITA somewhat below our estimates as event business, especially outside listed company target group, was weaker than we had expected. The Q2 sales deviation of EUR 0.4m owes purely to June taking the Q2 organic growth close to zero, we estimate. July sales were reported and at first glance the growth was broadly in line with our assumption for Q3. Yet, we note that the seasonality of Swedish operations in Q2 was higher than we had expected.
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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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