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Inderes (INDERES) investor relations material
Inderes Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 10.9% to €4.323M; EBITA increased 35% to €0.968M, lifting margin to 22.4% from 18.4%.
9M revenue grew 9.1% to €15.682M; updated 2026 guidance is 6–9% revenue growth and a 12–14% adjusted EBITA margin.
Financial highlights
9M recurring revenue grew 8.5% to €9.4M and project revenue increased 10.1% to €6.3M.
9M adjusted EBITA was €2.3M versus €1.9M, with margin of 14.4% versus 13.2%; no non-recurring items were recorded in the period.
Q3 recurring revenue rose 8.8% to €3.2M; project revenue grew 17.1% to €1.2M, partly reflecting a weak comparison period.
9M EBITDA was €2.488M versus €1.514M; EBIT was €1.738M versus €0.793M.
Outlook and guidance
Updated 2026 guidance is revenue growth of 6–9% and adjusted EBITA margin of 12–14%, versus prior margin guidance of 10–13%.
Target markets are expected to grow slightly and all three business units are expected to expand; Software international-growth investments weigh on EBITA.
Year-to-date performance exceeded expectations; market recovery and a stronger product portfolio support profitable growth prospects.
- Q3 revenue grew 41%, while margin eased; FY2021 guidance held steady.INDERES
Q3 2021 - Revenue rose 36% in 2021; 2022 guidance targets €14.0–15.5m.INDERES
Q4 2021 - Q3 growth lifted margins; unchanged guidance faces Q4 cost pressure and muted Finnish markets.INDERES
Q3 2024 - Q2 growth accelerated, with IR software and events lifting profitability.INDERES
Q2 2024 - Q3 growth and margins strengthened; FY2026 guidance targets 6–9% revenue growth.INDERES
Q3 2026 - H1 revenue up 9% to €11.4M, EBITA margin 11.4%, driven by software, AI, and international growth.INDERES
Q2 2026 - Revenue up 8.7% and adjusted EBITA margin at 11.4% in H1 2026, led by strong Software growth.INDERES
Q2 2026 - Q1 2026 revenue up 4%, margins stable, recurring and international sales drive growth.INDERES
Q1 2026 - H1 2024 revenue up 8% and EBITA up 25%, with strong IR Software and Events growth.INDERES
Q2 2024
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