Pressmeddelanden, rapporter och bolagsmeddelande för NoHo Partners Oyj

NoHo Partners has updated its strategy and long-term financial targets for the period 2025-2027, aiming to accelerate growth, strengthen the balance sheet, and increase dividends. The Finnish restaurant group plans to continue its strong growth in the domestic market, while also exploring strategic options to accelerate international growth. The company's updated strategy and financial targets will be presented at the Capital Markets Day on 22 May 2024. NoHo Partners operates around 300 restaurants in Finland, Denmark, Norway, and Switzerland, and reported a turnover of approximately €370 million in 2023.

NoHo Partners Plc's interim report for Q1 2024 reveals a 23.1% increase in turnover to €93.5m compared to the same period last year. Operational EBITDA rose by 12.9% to €9.1m, while EBIT was €6.9m, up 15.7%. The result for the period was €-0.1m, compared to €2.4m in Q1 2023. The company's CEO noted that despite a challenging market environment, the company delivered a 7.3% EBIT margin. The company's international business had a strong EBIT margin of over 8%, and profitability in Finland remained around 7%. NoHo Partners expects total turnover of approximately €430m and an EBIT margin of approximately 9.5% for the financial year 2024.

NoHo Partners Plc will publish its Q1 2024 Interim Report on 7 May 2024, and will hold a briefing at Helsinki Camping at 10:00 EET. The briefing, to be led by CEO Aku Vikström, will present the company's financial performance and key events for the period from January to March 2024. The event will be live-streamed and questions can be asked through the webcast chat function. The company, listed on Nasdaq Helsinki since 2013, operates around 300 restaurants in Finland, Denmark, Norway, and Switzerland, and reported a turnover of approximately €370 million in 2023.