NoHo Partners Oyj

NoHo Partners Plc released its interim report for January to September 2024, highlighting sustainable and profitable growth despite challenging market conditions. In the third quarter, turnover increased by 11% to EUR 106.6 million, and operational EBITDA rose by 15.7% to EUR 12.2 million. The EBIT margin was 9.3%. For the first nine months, turnover grew by 15.8% to EUR 307.1 million, with an operational EBITDA increase of 7.2% to EUR 33.6 million. The company aims for a 2024 turnover of approximately EUR 430 million and an EBIT margin of 9.5%. It plans to focus on profitable growth and shareholder value in its international business and aims to reduce its net debt ratio. The CEO noted strong performance in Finland and growth opportunities in the international market, particularly in Switzerland. The company has signed a new financing agreement to support growth investments and expects a decrease in financing costs. NoHo Partners continues to expand its restaurant portfolio, including new openings in Finland and Switzerland.

NoHo Partners Plc announced its financial reporting schedule for 2025. The company will release its Financial Statements for 2024 on February 12, its Interim Report for Q1 2025 on May 6, its Half-Year Report for H1 2025 on August 5, and its Interim Report for Q1-Q3 2025 on November 4. A 30-day silent period will precede each release. The Annual Report for 2024 will be available by March 19, 2025, and the Annual General Meeting is planned for April 9, 2025, in Tampere. NoHo Partners, founded in 1996 and listed on Nasdaq Helsinki in 2013, operates around 300 restaurants across Finland, Denmark, Norway, and Switzerland. The company employs approximately 2,800 full-time equivalent staff and reported a turnover of around EUR 370 million in 2023. Its vision is to be the leading restaurant operator in Northern Europe. For more details, visit noho.fi/en.

NoHo Partners Plc will release its Interim Report for the period from January 1 to September 30, 2024, on November 5, 2024, at approximately 8:00 EET. The report will be accessible on their website. A webcast presentation in Finnish, featuring CEO Jarno Suominen and CFO Jarno Vilponen, will occur at 10:00 EET to discuss the financial results, key events, current business status, and outlook. Analysts can attend the event in person at Sanomatalo, Flik Studio Eero, and are requested to register by November 1, 2024. The webcast can also be followed online, with questions taken via chat or phone. A recording will be available later on the company's website. NoHo Partners, a Finnish restaurant services group founded in 1996 and listed on Nasdaq Helsinki in 2013, operates around 300 restaurants in Finland, Denmark, Norway, and Switzerland. The company employs approximately 2,800 full-time employees and had a turnover of approximately 370 million euros in 2023. Their vision is to be the leading restaurant operator in Northern Europe.

NoHo Partners Plc has acquired a majority stake in H5 Ravintolat Oy, which operates eight restaurants in Tampere, through a stock transaction. The entrepreneurs Lassi Vänttinen and Marko Meronen, who sold their stakes, will remain significant shareholders and continue their operational roles. The acquisition includes restaurants such as H5 Bar&Cellar, Pub Kujakolli, and the sports bar Kultainen Ilves, with total annual revenues exceeding 8 million euros. As part of the deal, NoHo's restaurant Patarouva will join H5 Ravintolat. NoHo Partners' CEO, Jarno Suominen, expressed enthusiasm for the acquisition, citing the profitability and quality of H5 Ravintolat's operations. Marko Meronen of H5 Ravintolat also expressed optimism about the future collaboration. NoHo Partners, established in 1996 and listed on Nasdaq Helsinki in 2013, operates around 300 restaurants across Finland, Denmark, Norway, and Switzerland, with a vision to be the leading restaurant operator in Northern Europe.

NoHo Partners Plc reported a manager's transaction involving Maria Koivula, a senior manager, who acquired shares of the company on October 4, 2024, at NASDAQ Helsinki. The transaction included two purchases totaling 20,689 shares at a unit price of 7.25 EUR. NoHo Partners, a Finnish company specializing in restaurant services, was established in 1996 and listed on Nasdaq Helsinki in 2013. The company operates around 300 restaurants across Finland, Denmark, Norway, and Switzerland, with well-known brands like Elite and Savoy. In 2023, NoHo Partners had a turnover of approximately 370 million euros and employed about 2,800 full-time equivalent employees.

NoHo Partners Plc announced a managers' transaction involving Paul Meli Holdings Oy, a closely associated legal entity with Paul Meli, a senior manager at NoHo Partners. The transaction, an acquisition of shares, took place on October 2, 2024, at NASDAQ Helsinki. The transaction involved 12,500 shares at a unit price of 7.3 EUR. NoHo Partners, established in 1996, is a Finnish group specializing in restaurant services and operates around 300 restaurants across Finland, Denmark, Norway, and Switzerland. The company was listed on Nasdaq Helsinki in 2013 and aims to be the leading restaurant operator in Northern Europe. In 2023, NoHo Partners had a turnover of approximately 370 million euros and employed about 2,800 full-time equivalent employees.