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NoHo Partners

7.12 EUR

-0.56 %

9,114 following
Corporate customer

NOHO

NASDAQ Helsinki

Consumer Services

Consumer Goods & Services

-0.56 %
-6.56 %
-9.64 %
-13.38 %
-10.33 %
-26.14 %
-17.02 %
-13.91 %
+43.26 %

NoHo Partners is a Finnish group specialized in services within the restaurant industry. The group operates a number of restaurants in Finland, Denmark, Norway and other parts of Europe. The company's restaurant concepts include, among others. Elit, Savoy, Teatteri, Sea Horse, Stefans Steakhouse, Palace, Löyly, Hangö Sushi, Friends & Brgrs Cock's & Cows and Holy Cow! . The company was founded in 1996.

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Market cap
149.84M EUR
Turnover
53.95K EUR
P/E (adj.) (26e)
EV/EBIT (adj.) (26e)
P/B (26e)
EV/S (26e)
Dividend yield-% (26e)
Coverage
Recommendation
Accumulate
Target price
Updated
06.05.2026
Disclaimer
Sauli Vilén
Arttu Heikura
Arttu Heikura, Sauli Vilén
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Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
4.8.
2026

Interim report Q2'26

11.8.
2026

Triannual dividend

3.11.
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
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Third party research

Restamax: Warmer winds expected for summer season - Nordea

NoHo Partners' Q1 results fell below Vara Research consensus, mainly owing to the prevailing challenging market environment in Norway, while the Finnish and Danish operations continued their good performance. We continue to see a solid outlook ahead,...

NoHo Partners

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Third party research

Restamax: Organic growth expectations are moderate - Nordea

Ahead of NoHo's Q1 2026 report, due on 5 May, we lower our estimates slightly to reflect the ongoing sluggish market development and more cautious consumer sentiment. While we still expect the operational challenges in Norway to be resolved by H2 and...

NoHo Partners
Third party research

NoHo Partners: Solid Q4, but dividend was halved - Nordea

NoHo Partners reported Q4 EBIT of EUR 11.8m (-3.7% y/y), 4% above Vara Research consensus and 6% above our estimate. Q4 net sales were up 5.3% y/y at EUR 101.8m, 3% below consensus and 2% below our estimate. Finland EBIT came in 5% above our estimate...

NoHo Partners
Third party research

NoHo Partners: Focus on market recovery - Nordea

Ahead of NoHo's Q4 2025 report, due out on 11 February, we lower our estimates slightly to reflect the challenges in its Norwegian operations, while sales in Denmark and Finland have likely developed in a solid manner. For 2026, we argue that investors...

NoHo Partners
Third party research

NoHo Partners: Norwegian challenges remain - Nordea

NoHo Partners' Q3 2025 was challenging, mainly due to Norway, where the market keeps declining and the anticipated turnaround has not yet emerged. The market remained muted also in Finland, although we expect the pre-Christmas season to ease the situation...

NoHo Partners
Third party research

NoHo Partners: Weak Q3 due to Norway - Nordea

NoHo Partners reported Q3 EBIT of EUR 7.6m from continuing operations (down 13% y/y), 12% below Vara Research consensus and 9% below our estimate. Net sales from continuing operations were up 3% y/y to EUR 91.4m, but were 4% below consensus and in line...

NoHo Partners
Forum discussions
Well, now we finally got those much-anticipated insider buys, as a new board member took a substantial initial position: Inderes NoHo Partners Oyj: Johdon liiketoimet (Kaario) - Inderes NoHo Partners Oyj | Johdon liiketoimet | 8.5.2026 klo 11:45Noho Partners Oyj - Johdon liiketoimet...
5/8/2026, 9:10 AM
by Karhu Hylje
19
I briefly went through NoHo’s insider trades by quarter in relation to reports and market reactions. The list is formatted a bit awkwardly; you essentially have to read it from the bottom up, as the transactions made before the report are listed below it. These are categorized by...
5/8/2026, 7:26 AM
by Karhu Hylje
15
A few facts for everyone, though I’m not defending NoHo in any way… Niemi = Mika Niemi’s wife. She has always sold off shares whenever she received them in the past from the Rengasravintolat Oy deal. Hanna has likely used the funds to finance her other projects, but I won’t go into...
5/8/2026, 4:29 PM
by Jukka
12
Strong momentum for restaurants in April according to Nordea’s card data:
21 hours ago
by Karhu Hylje
11
I’ll make one more post and after that, I’ll stop talking about the weather Then we can focus on fundamental analysis again. The maps show the situation correctly. If we generate a temperature anomaly for January, it looks like this: In other words, in those Muonio localities, it...
5/7/2026, 6:16 AM
by poutapilviä
11
Something is wrong with those maps, or they are depicting something other than what the title suggests. For example, in large areas of Northern Finland, January was the coldest in nearly 40 years, and the temperature deviation from normal was about 7-8 degrees—much larger than the...
5/6/2026, 8:29 PM
by ollikohan
8
@henrielo has conducted an analysis on NoHo. Seasonally, the first quarter is the smallest in terms of sales in the restaurant industry. Nevertheless, the company has managed to progress with profitability measures in Norway. The result there was also positive, whereas it was loss...
5/8/2026, 8:08 PM
by Sijoittaja-alokas
6
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