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Research

NoHo Partners: Toward normal

NoHo Partners
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We haven’t made significant changes after the positive Q2 report and we still expect a significant earnings improvement, once the COVID situation finally subsides. The risks related to the balance sheet have decreased significantly after the cash flow turned positive and thanks to the improved liquidity position. This makes the stock’s risk/return ratio better. With the earnings estimations that look past COVID in mind, the stock is not expensive and if the earnings improve at the level we estimate, the return expectation is strong.

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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 Figures10.08.2021

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 %3.8 %
P/E (adj.)neg.neg.13.6
EV/EBITDA17.110.05.7

Forum discussions

OP Pohjola’s Analysts’ 8 Growth Company Picks from the Helsinki Stock Exchange – Strong Opportunities for Value Creation Close today at 2:21...
15 hours ago
by Alamäki
11
instagram.com Kirjaudu sisään • Instagram Tervetuloa takaisin Instagramiin. Katso, mitä kaverisi, sukulaisesi ja kiinnostuksen kohteesi ovat...
12/13/2025, 4:15 PM
by OttoJ
1
instagram.com Kirjaudu sisään • Instagram Tervetuloa takaisin Instagramiin. Katso, mitä kaverisi, sukulaisesi ja kiinnostuksen kohteesi ovat...
12/12/2025, 5:15 AM
by OttoJ
7
Hanna-Stiina has sold shares multiple times, likely to finance H5 Ravintolat Oy. Their daughter was a shareholder, and the brother was the main...
12/11/2025, 3:50 PM
by Jukka
3
Yes, regarding the former, certainly so. Regarding the latter, the explanation is poor, and above all, it’s activity that damages the company...
12/11/2025, 3:35 PM
by JuhaR
8
To be precise, Hanna-Stiina Niemi is close to the management and, to my understanding, not employed by NoHo; she sells her holdings quite regularly...
12/11/2025, 2:45 PM
by NukkeNukuttaja
14
This company doesn’t like to pay its bills (paywall): Aamulehti – 11 Dec 25 Tamperelaisella pörssijätillä kymmeniä viivästyneitä laskuja ja....
12/11/2025, 2:26 PM
by JuhaR
5
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