Inderes’s Q4 report was well in line with our forecast and we highlight the improved activity in the Swedish market.
Inderes's Q4 profitability was slightly ahead of our estimate, owing to slightly better than expected sales.
Inderes’ Oct-Nov sales show that we underestimated the bounce-back of the timing issue, which caused weak September sales.
Inderes delivered solid monthly sales in November with sales increasing by 15% y/y.