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COO, analyytikko
Analyytikko
NoHo increases its guidance for EBIT margin of the restaurant business in 2022.
NoHo Partners reported strong May with above EUR 33m sales and above EUR 5.5m operational EBITDA. The company earlier guided for EUR 29-32m sales and 4.5-5.5m operational EBITDA in May. Sales were up 52% compared to May 2019.
On Friday 13 May, NoHo Partners announced that the management and domestic investors have acquired the majority of the EUR 10m convertible capital loan granted to the company by Finnish Industry investment and converted their purchase into new shares
NoHo Partners' Q1 2022 results came in above Infront consensus expectations and it issued new guidance for 2022. Given the accelerating market, the company expects around EUR 300m in sales and ~7% EBIT margin for its restaurant business in 2022.
NoHo Partners reported Q1 EBIT of EUR -1.3m, +51% (EUR 1.3m) versus Infront consensus and 33% (EUR 0.3m) below Nordea. Q1 net sales were EUR 48.5m and came 6% above consensus and 1% above Nordea.
NoHo Partners will report its Q1 results on 10 May. The restaurant market has witnessed a fast recovery after restrictions were lifted across operating markets.
NoHo released strong March sales figures with around EUR 26m sales (guided to be over EUR 23m), up 25% from March 2019. March operating cash flow was around EUR 3.5m.
NoHo Partners’ February sales were over EUR 15m (earlier guided to be EUR 13-15m) while we had anticipated EUR 13m. Operating cash flow turned positive in February, while we had anticipated EUR 1m negative operating cash flow.
NoHo reported Q4 EBIT of EUR 6.7m, clearly above Infront consensus expectations. The company has improved its underlying profitability clearly during the COVID-19 pandemic and we expect it to reach its 2024 EBIT margin target by 2023.
NoHo Partners reported Q4 EBIT of EUR 6.7m, +58% (EUR 2.5m) versus Infront consensus and 13% above Nordea. Q4 net sales were EUR 69.5m and came 3% above consensus and 2% above Nordea.
