# Inderes Oyj - "The company belongs to everyone" **URL:** https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104 **Category:** Osakkeet **Tags:** inderes, osakkeet, inderes-oyj, inderes-group **Created:** [April 16, 2021, 3:16pm UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104 "2021-04-16T15:16:49Z") **Posts on this page:** 20 **Page:** 118
### Author: ![Tomi\_Valkeajarvi](https://forum.inderes.com/user_avatar/forum.inderes.com/tomi_valkeajarvi/32/188748_2.png) [@Tomi\_Valkeajarvi](https://forum.inderes.com/u/Tomi_Valkeajarvi) #### Post date: [April 30, 2026, 8:46am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2611 "2026-04-30T08:46:25Z")
A big thank you again to everyone who responded to the community survey, there was a record number of you this year! 😍 I wrote up the results in the form of an article so that you can also take a look behind the numbers at how you think Inderes’ service has developed over the year. 😊 Happy May Day to everyone! đŸ„‚ > **[Vuoden 2026 yhteisökyselyn tulokset: Ei niin hyvÀÀ, ettei jotain huonoakin -...](https://www.inderes.fi/articles/vuoden-2026-yhteisokyselyn-tulokset-ei-niin-hyvaa-ettei-jotain-huonoakin)** > > Vuosittain jĂ€rjestettĂ€vĂ€n yhteisökyselyn perusteella tyytyvĂ€isyys Inderesin palveluun oli korkeimmillaan muutama vuosi takaperin pysyen silti edelleen erinomaisella tasolla. ---
### Author: ![Mikael\_Rautanen](https://forum.inderes.com/user_avatar/forum.inderes.com/mikael_rautanen/32/74973_2.png) [@Mikael\_Rautanen](https://forum.inderes.com/u/Mikael_Rautanen) #### Post date: [April 30, 2026, 9:45am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2613 "2026-04-30T09:45:23Z")
A few deep-diving investors have been asking me about compliance products, so I thought I’d provide some more background on this from an investor’s perspective. Every listed company is required to manage insider lists. It can be done manually, but it’s a bit of a cumbersome process, especially if there are quite a few projects involved. In Sweden, practically everyone uses software for this, while in Finland, there are still some manual processes in use. As a product, this falls somewhere between legal and IR (Investor Relations). Inderes has a tight strategic focus on the IR category. However, in some markets and certain customer segments (especially small and medium-sized companies), the company’s IR department wants to buy IR tools and insider tools as a “single package.” Ease of use, simplicity, clear packaging. This partnership addresses this; we can offer a more comprehensive package. Naturally, we also evaluated entering this market ourselves at one point, but the compliance market is quite a different game and there are already many strong specialized players, so it would be difficult for us to build unfair competitive advantages. Therefore, a partnership is a natural model for us to fill this piece of the puzzle, especially since we already work extensively with Euronext Corporate Solutions in other areas anyway. ---
### Author: ![Tomi\_Valkeajarvi](https://forum.inderes.com/user_avatar/forum.inderes.com/tomi_valkeajarvi/32/188748_2.png) [@Tomi\_Valkeajarvi](https://forum.inderes.com/u/Tomi_Valkeajarvi) #### Post date: [April 30, 2026, 2:13pm UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2614 "2026-04-30T14:13:20Z")
2 posts were merged into the thread: [Inderes Coffee Room (Part 11)](https://forum.inderes.com/t/inderesin-kahvihuone-osa-11/71919/3223) ---
### Author: ![NukkeNukuttaja](https://forum.inderes.com/user_avatar/forum.inderes.com/nukkenukuttaja/32/7748_2.png) [@NukkeNukuttaja](https://forum.inderes.com/u/NukkeNukuttaja) #### Post date: [May 4, 2026, 6:16am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2615 "2026-05-04T06:16:08Z")
Latest shareholder list, Tero Jokinen is selling, Inderes is buying from him, to put it simply 🙂 . These are likely shares obtained from the Flik deal and is Tero even on Inderes’ payroll anymore!? : [https://group.inderes.fi/fi/sijoittajat/osaketieto/osakkeenomistajat](https://group.inderes.fi/fi/sijoittajat/osaketieto/osakkeenomistajat) ---
### Author: ![NukkeNukuttaja](https://forum.inderes.com/user_avatar/forum.inderes.com/nukkenukuttaja/32/7748_2.png) [@NukkeNukuttaja](https://forum.inderes.com/u/NukkeNukuttaja) #### Post date: [May 4, 2026, 8:07am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2616 "2026-05-04T08:07:47Z")
Mikael still managed to make an additional purchase on May Day Eve, 346 shares: [https://www.kauppalehti.fi/porssitiedotteet/a/ef24d8ab-3f01-4715-9163-7a970622a3fe](https://www.kauppalehti.fi/porssitiedotteet/a/ef24d8ab-3f01-4715-9163-7a970622a3fe) ---
### Author: ![anon25139457](https://forum.inderes.com/letter_avatar_proxy/v4/letter/a/6de8d8/32.png) [@anon25139457](https://forum.inderes.com/u/anon25139457) #### Post date: [May 4, 2026, 8:35am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2617 "2026-05-04T08:35:18Z")
Speaking of shareholder lists, Inderes could sharpen up a bit on updating the shareholder listings for the other companies they have taken on. For example, the Tokmanni shareholder data listings, which are under Inderes’s responsibility, have not yet been updated on the website. More punctual operators already updated their April shareholder information on Friday. ---
### Author: ![Karhu\_Hylje](https://forum.inderes.com/user_avatar/forum.inderes.com/karhu_hylje/32/60722_2.png) [@Karhu\_Hylje](https://forum.inderes.com/u/Karhu_Hylje) #### Post date: [May 4, 2026, 8:45am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2618 "2026-05-04T08:45:25Z")
> [@JuhaR](#): > > Speaking of shareholder lists, Inderes could sharpen up a bit on updating the shareholder listings for other companies they have taken over. For example, the Tokmanni shareholder information listings, which are Inderes’s responsibility, have not yet been updated on the website. More punctual operators already updated their April shareholder data on Friday. Furthermore, the new and praised “Shareholders” view hasn’t updated on the Inderes site yet either, even though they have already updated on the companies’ own pages. These matters certainly belong more in the threads concerning Inderes’s content. ---
### Author: ![korkea-siksak.01](https://forum.inderes.com/letter_avatar_proxy/v4/letter/k/7feea3/32.png) [@korkea-siksak.01](https://forum.inderes.com/u/korkea-siksak.01) #### Post date: [May 4, 2026, 3:45pm UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2619 "2026-05-04T15:45:32Z")
Hi! Over the past couple of days, I’ve been building my own research tool on top of Inderes’ Premium MCP (mainly for learning purposes — I was interested in multi-agent systems). I made this for my own use and was surprised by how well the system works. The saying “AI systems are as good as the underlying data” holds true, and Inderes’ MCP seems to be of excellent quality. **What does my tool do?:** You write a question about a Nordic stock (or stocks) in natural language, and in the background, 5 specialized AI agents run in parallel: - **QUANT** numbers — P/E, ROE, target prices, etc. (Uses Python for calculations) - **RESEARCH** analyst content, reports, transcripts - **SENTIMENT** insider trades, forum - **PORTFOLIO** model portfolio - **LEAD** compiles the answer with sources, Inderes’ own recommendation badge, and suggestions for follow-up questions In the video, there are a couple of different types of queries as examples — analyzing Puuilo’s sales and dividend populism 😃 For the techies: We can discuss infra, models, trade-offs, frameworks, etc., either here or in another suitable forum 👍 ⚠ **Disclaimers for clarity:** - Personal learning project — **not affiliated with Inderes** in any way 😃 - **Not investment advice** — the tool only surfaces Inderes’ own signals (recommendation, target price, insider activity, forum) into a single view. The user always decides for themselves. - Uses my own Premium subscription for MCP access The most interesting question in my opinion is: **what would you add?** Big thanks to Inderes for making the MCP possible - exemplary work! [![](https://img.youtube.com/vi/2lw6lC2ho_c/maxresdefault.jpg "MULTI-AGENT RESEARCH: INDERES + MCP + AGENTIT = INSIGHTS?") ](https://www.youtube.com/watch?v=2lw6lC2ho_c) Go check it out! The future is agentic đŸ€– ---
### Author: ![Karhu\_Hylje](https://forum.inderes.com/user_avatar/forum.inderes.com/karhu_hylje/32/60722_2.png) [@Karhu\_Hylje](https://forum.inderes.com/u/Karhu_Hylje) #### Post date: [May 5, 2026, 12:02pm UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2620 "2026-05-05T12:02:16Z")
CEO Rautanen put his hand in his pocket once again: > **[Inderes Oyj - Johdon liiketoimet – Mikael Rautanen](https://www.inderes.fi/releases/inderes-oyj-johdon-liiketoimet-mikael-rautanen-6)** > > Inderes Oyj, johtohenkilöiden liiketoimet, 5.5.2026 klo 15.00Inderes Oyj - Johdon liiketoimet – Mikael Rautanen\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_IlmoitusvelvollinenNimi: Mikael RautanenAsema... ---
### Author: ![Karhu\_Hylje](https://forum.inderes.com/user_avatar/forum.inderes.com/karhu_hylje/32/60722_2.png) [@Karhu\_Hylje](https://forum.inderes.com/u/Karhu_Hylje) #### Post date: [May 6, 2026, 12:24pm UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2621 "2026-05-06T12:24:34Z")
One man is buying the whole exchange. Rautanen put his hand in his pocket again: > **[Inderes Oyj - Johdon liiketoimet – Mikael Rautanen](https://www.inderes.fi/releases/inderes-oyj-johdon-liiketoimet-mikael-rautanen-7)** > > Inderes Oyj, johtohenkilöiden liiketoimet, 6.5.2026 klo 15.00Inderes Oyj - Johdon liiketoimet – Mikael Rautanen\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_IlmoitusvelvollinenNimi: Mikael RautanenAsema... ---
### Author: ![KarhuKakstoista](https://forum.inderes.com/letter_avatar_proxy/v4/letter/k/ed8c4c/32.png) [@KarhuKakstoista](https://forum.inderes.com/u/KarhuKakstoista) #### Post date: [May 8, 2026, 11:22am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2622 "2026-05-08T11:22:18Z")
The CEO continues buying 👍 [Inderes Oyj - Johdon liiketoimet – Mikael Rautanen](https://www.inderes.fi/releases/inderes-oyj-johdon-liiketoimet-mikael-rautanen-8) Could this be the reinvestment of dividends, of which Mikael received approximately €50 thousand gross. ![Sieppaa](https://eu3.dh-cdn.net/uploads/db2934/original/3X/5/9/59471ee76b46aa682b44c79a6621c562fea541da.jpeg) ---
### Author: ![TJT](https://forum.inderes.com/user_avatar/forum.inderes.com/tjt/32/58062_2.png) [@TJT](https://forum.inderes.com/u/TJT) #### Post date: [May 13, 2026, 11:56am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2623 "2026-05-13T11:56:29Z")
> **[Inderesin liikevaihto kasvoi 7 prosenttia huhtikuussa 2026](https://www.inderes.fi/releases/inderesin-liikevaihto-kasvoi-7-prosenttia-huhtikuussa-2026)** > > Inderesin liikevaihto kasvoi 7 prosenttia huhtikuussa 2026Inderes Oyj, Lehdistötiedote, 13.5.2026 klo 13.00 Inderesin liikevaihto kasvoi 7 prosenttia huhtikuussa 2026 ja oli 2,6 (2,4) miljoonaa... ![image](https://eu3.dh-cdn.net/uploads/db2934/original/3X/4/9/49a1fe2a9f273a765aedc457542864b56eaf4527.png) Is this a growth company after all? New analysis clients have been acquired from Sweden as well, so perhaps something new has been come up with on that front, just as Mikael mentioned in the AGM presentation. [![](https://img.youtube.com/vi/TcnCn0dg4NA/maxresdefault.jpg "Inderesin yhtiökokous | Toimitusjohtajan katsaus 15.4.2026") ](https://www.youtube.com/watch?v=TcnCn0dg4NA&t=99) > **[Fasadgruppen seurannan aloitus: Uudistettu sijoitustarina houkuttelevaan...](https://www.inderes.fi/research/fasadgruppen-seurannan-aloitus-uudistettu-sijoitustarina-houkuttelevaan-hintaan)** > > Aloitamme Fasadgruppenin seurannan osta-suosituksella ja 26 SEK:n tavoitehinnalla per osake. Fasadgruppenin arvonluontimalli perustuu liiketoimintojen omistamiseen ja kehittÀmiseen samalla, kun se konsolidoi pirstaloitunutta kiinteistöjen ulkotöiden... When you add the initiation of coverage for ByggmÀstaren in February to this, there are finally some positive signs here for a change. > **[ByggmÀstaren laaja raportti: NÀytöt historiasta kohtaavat houkuttelevan...](https://www.inderes.fi/research/byggmastaren-laaja-raportti-naytot-historiasta-kohtaavat-houkuttelevan-ostopaikan)** > > ByggmÀstaren on sijoitusyhtiö, joka keskittyy pitkÀn aikavÀlin arvonluontiin aktiivisen omistajuuden kautta keskitetyssÀ pienten ja keskisuurten yritysten portfoliossa. ---
### Author: ![StudentCoverage\_2026](https://forum.inderes.com/letter_avatar_proxy/v4/letter/s/e79b87/32.png) [@StudentCoverage\_2026](https://forum.inderes.com/u/StudentCoverage_2026) #### Post date: [May 13, 2026, 5:22pm UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2624 "2026-05-13T17:22:00Z")
**Hello to the forum!** We published a short comment on the April results. → [https://www.inderes.fi/analyst-comments/aprils-revenue-in-line-with-our-estimates-with-7percent-growth-26-meur-reached](https://www.inderes.fi/analyst-comments/aprils-revenue-in-line-with-our-estimates-with-7percent-growth-26-meur-reached) Revenue was in line with our forecasts; we are making no changes for now. Did you notice this “[Salvos postpones its listing](https://www.kauppalehti.fi/uutiset/a/777b318c-b3f7-4d36-beea-529cd809b78b)” → Possible delay in the IPO cycle. _“The company (Salvos) states that the uncertain market situation is such that a listing would not serve the interests of the shareholders.”_ **Best regards, Student Coverage 2026** ---
### Author: ![\_TeemuHinkula](https://forum.inderes.com/user_avatar/forum.inderes.com/_teemuhinkula/32/57458_2.png) [@\_TeemuHinkula](https://forum.inderes.com/u/_TeemuHinkula) #### Post date: [May 14, 2026, 7:42pm UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2625 "2026-05-14T19:42:19Z")
> [@TJT](#): > > Is this a growth company after all? ![image](https://eu3.dh-cdn.net/uploads/db2934/original/3X/4/a/4a550b3374271b4bd5fe0dc136683d6e6a8165e7.png) ---
### Author: ![Tomi\_Valkeajarvi](https://forum.inderes.com/user_avatar/forum.inderes.com/tomi_valkeajarvi/32/188748_2.png) [@Tomi\_Valkeajarvi](https://forum.inderes.com/u/Tomi_Valkeajarvi) #### Post date: [May 22, 2026, 7:19am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2626 "2026-05-22T07:19:10Z")
This week, I was joined on Salkkukatsaus (Portfolio Review) by Inderes’ latest recruit: @Harri_Sieppi, Head of International Growth, who is known as the founder and former CEO of Witted. đŸ€© In addition to his compelling story, Harri shared how he ended up working at Inderes and what kind of potential he sees in internationalization. đŸ’Ș Discussion about Inderes’ business operations at [52:52](https://youtu.be/gm6G3ACnfpQ?si=2wOWUDP7_J-6wWzp&t=3232) and Inderes as an investment case at [01:23:37.](https://youtu.be/gm6G3ACnfpQ?si=DiswqSWmMhMAMqAj&t=5017) https://www.youtube.com/embed/gm6G3ACnfpQ A warm welcome once again to Inderes, Harri! 💙 ---
### Author: ![TJT](https://forum.inderes.com/user_avatar/forum.inderes.com/tjt/32/58062_2.png) [@TJT](https://forum.inderes.com/u/TJT) #### Post date: [May 29, 2026, 9:03am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2627 "2026-05-29T09:03:29Z")
> **[Evli lopettaa sijoitustutkimuksen](https://www.kauppalehti.fi/uutiset/a/d7d0d25c-374f-4063-9bcc-43abfa1c4acd)** > > OsakeanalyysejÀ ei enÀÀ jatkossa tuoteta. Positive for Inderes as an investment, but negative for the field as a whole, as these were pleasant to read and were conveniently available through Inderes as well. ---
### Author: ![TJT](https://forum.inderes.com/user_avatar/forum.inderes.com/tjt/32/58062_2.png) [@TJT](https://forum.inderes.com/u/TJT) #### Post date: [May 30, 2026, 2:15pm UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2628 "2026-05-30T14:15:49Z")
I’ll raise one more topic for the forum to kick off the weekend, and that is the share ownership of the Board and senior management! ![image](https://eu3.dh-cdn.net/uploads/db2934/original/3X/a/8/a8fc3a5ae3ca07e77fb671817f5e0194ed75f7ec.png) Operational management—Tero and Joakim—get a pass on this, but why do Helena, Niina, and Hanna collectively own shares worth only a bit over ten thousand euros? The share price recently hit an ATL (all-time low), and each of them has been on the Board for at least a year. Do they have a genuine commitment and motivation to work for shareholder value? There have certainly been opportunities to buy, as Mikael scraped the bottom of the barrel to add more shares (lappuja) to his portfolio, even though his position was already relatively solid. ---
### Author: ![KalleH](https://forum.inderes.com/user_avatar/forum.inderes.com/kalleh/32/55442_2.png) [@KalleH](https://forum.inderes.com/u/KalleH) #### Post date: [May 30, 2026, 4:36pm UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2629 "2026-05-30T16:36:25Z")
> [@TJT](#): > > Executive management gets a free hand here for Tero and Joakim, but why do Helena, Niina, and Hanna only own a bit over ten thousand euros worth of shares in total! Research shows that women are smarter investors and put their money into broadly diversified low-cost funds instead of risky individual stocks from “pölhölĂ€â€ (the land of fools). ---
### Author: ![Karhu\_Hylje](https://forum.inderes.com/user_avatar/forum.inderes.com/karhu_hylje/32/60722_2.png) [@Karhu\_Hylje](https://forum.inderes.com/u/Karhu_Hylje) #### Post date: [June 1, 2026, 6:31am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2630 "2026-06-01T06:31:13Z")
Rautanen is buying, while Vilen and partners are selling. The smallest additions are likely share-based incentives: ![image](https://eu3.dh-cdn.net/uploads/db2934/original/3X/8/f/8fb66767af5fb69631788d027ed4eab5ccacf78c.png) Mikko MĂ€kinen is also buying: ![image](https://files.uploads-eu3.communiteq-cloud.com/uploads/db2934/optimized/3X/3/5/35708c687762c8c51ab678f8697023909793ff18_2_690x32.png) ![image](https://files.uploads-eu3.communiteq-cloud.com/uploads/db2934/optimized/3X/d/5/d5e1d30fb16b790bc000d66a3fc7d0b773e6148a_2_690x30.png) So, who should we follow? ---
### Author: ![Karhu\_Hylje](https://forum.inderes.com/user_avatar/forum.inderes.com/karhu_hylje/32/60722_2.png) [@Karhu\_Hylje](https://forum.inderes.com/u/Karhu_Hylje) #### Post date: [June 2, 2026, 5:50am UTC](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104/2632 "2026-06-02T05:50:20Z")
More pleasant news flow from Inderes’ home market as Savox announced its IPO intentions this morning. Within just the last few weeks, Reaktor and KPY have also announced their plans to go public. Inderes has already produced videos with all of them, meaning customer relationships have been established. It was also nice to note the initiation of coverage for Framery. These IPOs should also provide support for the guidance, which is weighted towards the end of the year. [Previous page](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104.md?page=117) [Next page](https://forum.inderes.com/t/inderes-oyj-yhtio-kuuluu-kaikille/17104.md?page=119)