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We expect NoHo to be back on a strong growth track from 2022 onward, and the company’s strategic decisions for the next few years are chiefly right. As the business gradually recovers, the company’s risk level decreases when cash flow improves and the debt burden in the balance sheet decreases. In our view, the stock’s return/risk ratio remains sufficiently attractive, because if our earnings estimates are realized, the valuation level is not high. If the strategy is successful, the long-term earnings potential is also significant.

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Trade. (NoHo Partners)

NoHo Partners is one of the leading restaurant groups in Finland. As a strongly growing and increasingly international operator, we want to advance and enrich the Northern European restaurant field by taking tried and true concepts seamlessly to new markets and bringing in the latest trends from abroad.