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Q2 EBIT beat Refinitiv consensus by 18%, underlining the improved operational efficiency of the company. Demand has remained favourable in early Q3 and bookings for Q4 suggest a solid end to the year.
NoHo Partners reported Q2 EBIT of EUR 16.1m, +18% versus Refinitiv consensus and +2% versus Nordea. Q2 net sales were EUR 90.2m and came in line with consensus and Nordea.
NoHo upgraded its guidance on 22 June due to strong demand in the spring and early summer, as well as governmental compensation decisions.
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.