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NoHo Partners: Back to action after COVID cooldown

NOHOExtensive research27.08.2021 klo 13.05
Inderes
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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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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.

Read more on company page

Key Estimate Figures17.08.2021

202021e22e
Revenue156.8175.2290.0
growth-%-42.5 %11.7 %65.6 %
EBIT (adj.)-24.0-9.719.0
EBIT-% (adj.)-15.3 %-5.6 %6.5 %
EPS (adj.)-1.43-0.620.58
Dividend0.000.000.30
Dividend %0.0 %0.0 %4.0 %
P/E (adj.)neg.neg.12.8
EV/EBITDA17.19.85.6

Forum discussions

That’s why it’s being tested to see if the concept works. The restaurant business is pretty weird; something can seem great based on every parameter...
yesterday
by jps
3
https://www.instagram.com/p/DeZHjriiu7X/ Opened in Helsinki with a lot of buzz just under three years ago, Camping has apparently closed down...
10/14/2026, 9:35 PM
by TJT
15
Greetings! Our Q3 2026 interim report will be published on Tuesday, November 3, at approximately 8:00 AM. Welcome to join the earnings webcast...
10/13/2026, 8:09 AM
by Sanna Sandvall
8
That’s why the concept works when it’s sufficiently entrepreneur-driven. One also has to keep in mind Laine’s background as a small business...
10/10/2026, 2:36 PM
by Mickwitz
0
In Saku Tuominen’s interview in Kauppalehti, the cooperation with NoHo is also touched upon: It’s well put that national treasures require “...
10/10/2026, 12:09 PM
by Karhu Hylje
11
Yle has conducted an extensive investigation into hygiene conditions in restaurants. Someone more diligent can search through all of NoHo’s ...
10/7/2026, 1:34 PM
by NukkeNukuttaja
6
Speaking of the silent period. You have to go quite a way back to find the last quarter where management hasn’t made transactions one way or...
10/5/2026, 6:13 AM
by Karhu Hylje
4