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NoHo Partners: Back to action after COVID cooldown

NOHOExtensive research27.08.2021 klo 13.05
Inderes
Discuss
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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.

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 %4.1 %
P/E (adj.)neg.neg.12.5
EV/EBITDA17.19.75.6

Forum discussions

@henrielo on tehnyt uuden yhtiöraportin NoHosta NoHo Partners palasi syksyllä takaisin joukkovelkakirjamarkkinoille ja neuvotteli pankkilainansa...
yesterday
by Sijoittaja-alokas
3
Nowadays, only about 10 percent of alcohol is consumed in restaurants and bars, which is really low. However, the money spent in pubs is quite...
yesterday
by jps
4
I rarely participate in discussions here, but below are a few thoughts on consumers from our perspective. Disposable income and life stage naturally...
yesterday
by Sanna Sandvall
34
OP analysis can be found behind the link. In a good position for the pre-Christmas party season  We reiterate our BUY recommendation and EUR...
11/4/2026, 10:47 AM
by Karhu Hylje
12
Here is the updated report Inderes – 4 Nov 26 NoHo Partners Q3'26: Toimivat reseptit tuloskasvulle - Inderes Yhtiön tuloskasvunäkymä on mielest...
11/4/2026, 5:58 AM
by Gwertheney
13
I don’t find it particularly surprising that NoHo is outperforming the card data. Bankruptcies have continued at the same level, and tax debts...
11/3/2026, 4:51 PM
by JBulli
3
Sale chatted with NoHo’s CEO Jarno Suominen about what’s going on at NoHo Topics: (00:00) Intro (00:18) Growth components (00:49) Finnish restaurant...
11/3/2026, 4:34 PM
by Sijoittaja-alokas
10