NoHo Partners Oyj

NoHo Partners Plc released its Half Year Financial Report for January–June 2024, showing a 14.7% increase in turnover to MEUR 107.0 for April–June and a 18.5% increase to MEUR 200.5 for January–June. Operational EBITDA decreased by 3.5% to MEUR 12.2 for April–June but increased by 2.9% to MEUR 21.3 for January–June. EBIT decreased by 9.8% to MEUR 9.7 for April–June and by 0.8% to MEUR 16.6 for January–June. The result for April–June was MEUR 3.5, down 15.9%, and for January–June was MEUR 3.4, down 48.4%. Earnings per share also fell significantly. The company aims for a turnover of MEUR 430 and an EBIT margin of 9.5% for the full year 2024. Long-term targets include achieving a turnover of MEUR 400 in Finnish operations and profitable growth internationally. CEO Aku Vikström highlighted the company's good performance despite market challenges, driven by a diverse restaurant portfolio and flexible operations. NoHo Partners plans to continue its growth strategy, including international expansion and the acquisition of Danish firm Triple Trading. The company also saw growth in its Better Burger Society chain in Finland and Switzerland. The company faced challenges in the domestic market due to weak consumer confidence but expects an improvement by the end of the year. This report marks Vikström's last as CEO, with Jarno Suominen set to succeed him. A briefing for media, analysts, and investors will be held on 6 August 2024 at 10:00 EET, available via live webcast. Additional information can be obtained from CEO Aku Vikström and other company executives.

NoHo Partners Plc has appointed Jarno Suominen as CEO, effective 1 September 2024. Suominen, who has been with the company since 2005 and served as CFO and Deputy CEO, will succeed the current CEO, Aku Vikström. Vikström will continue in his role until Suominen takes over and will then join Orkla Foods Europe as CEO. The Board of Directors expressed confidence in Suominen's extensive experience in the restaurant industry and his role in the company's growth. The announcement coincides with the release of NoHo Partners’ Half-Year Financial Report 2024. The company will present the results and introduce the new CEO at a webcast and media event on 6 August 2024. NoHo Partners, listed on Nasdaq Helsinki, operates around 300 restaurants in multiple countries and aims to be the leading restaurant operator in Northern Europe.

NoHo Partners Plc will release its Half-Year Financial Report for the period from January 1 to June 30, 2024, on Tuesday, August 6, 2024, at approximately 8:00 EET. The report will be available on their website. A webcast in Finnish will be held at 10:00 EET on the same day, where CEO Aku Vikström will discuss the company's financial performance, key events, current business status, and future outlook. Questions can be asked via the webcast chat function or by phone, with prior registration required for phone participation. The webcast recording will be available on the company’s website later that day. NoHo Partners Plc, established in 1996, is a Finnish restaurant group listed on Nasdaq Helsinki since 2013, operating around 300 restaurants in multiple countries and employing approximately 2,800 full-time employees. In 2023, the company’s turnover was about MEUR 370. More information can be found on their website.

NoHo Partners Plc reported managers' transactions involving Hanna-Stiina Niemi, a closely associated person to Mika Niemi, a Member of the Board. The transactions, which took place on July 4, 2024, involved the disposal of shares on NASDAQ Helsinki Ltd and CEUX. On NASDAQ Helsinki, multiple transactions totaling 2,829 shares were executed at an average price of 8.31424 EUR per share. On CEUX, 171 shares were sold at 8.3 EUR per share. NoHo Partners Plc, a Finnish group 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, employing approximately 2,800 full-time employees and generating a turnover of around 370 million EUR in 2023. For more details, contact CFO Jarno Vilponen.

NoHo Partners Plc reported managers' transactions involving Hanna-Stiina Niemi, a closely associated person to Mika Niemi, a member of the Board. Transactions involved the disposal of shares on NASDAQ Helsinki Ltd and TQEX on June 18 and 19, 2024. The transactions aggregated to volumes of 3,436 shares at an average price of 8.3856 EUR on NASDAQ Helsinki Ltd, 466 shares at an average price of 8.40691 EUR on TQEX, and 98 shares at an average price of 8.46 EUR on NASDAQ Helsinki Ltd. NoHo Partners Plc is a Finnish restaurant group with around 300 restaurants in Northern Europe and a turnover of approximately MEUR 370 in 2023. For more information, visit noho.fi/en.