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COO, analyytikko
Analyytikko
NoHo Partners lowers its 2021 guidance owing to strict restrictions on restaurant opening hours, local restrictions on gatherings and the Finnish government’s decisions to abolish the use of COVID-19 passport.
The Finnish Minister of Family and Social Services announced that Finland might tighten restaurant restrictions already this weekend.
Q3 EBIT of EUR 3.9m was well ahead of Infront consensus, supported by the sale of the Eezy stake and government grants in Denmark and Norway.
NoHo Partners reported Q3 EBIT of EUR 3.9m, +71% (EUR 1.6m) versus Infront consensus. Q3 net sales were EUR 61.9m, in line with pre-released sales figures and 1% above consensus.
NoHo Partners will release its Q3 report on 9 November. Given the easing of restaurant restrictions, we believe sales are gradually recovering.
NoHo Partners September sales were EUR 18m, above the company’s forecast of EUR 14-16m and taking Q3 sales to roughly EUR 61m (post-Q2 Infront consensus EUR 57.9m and Nordea EUR 60.2m).
