Inderes: Sweden shows improving activity - SEB

Inderes’s Q4 report was well in line with our forecast and we highlight the improved activity in the Swedish market. However, we have lowered our profit estimates somewhat as the internationalisation requires further investment in opex. We believe the investments, if rightly executed, to be necessary as gaining momentum internationally is the key catalyst for the case. We have trimmed our fair value range to EUR 18-20 (EUR 19-21).

Länk till analysen i sin helhet: https://research.sebgroup.com/corporate/reports/139780