NoHo Partners

NoHo Partners reported Q3 EBIT of EUR 7.6m from continuing operations (down 13% y/y), 12% below Vara Research consensus and 9% below our estimate. Net sales from continuing operations were up 3% y/y to EUR 91.4m, but were 4% below consensus and in line...

NoHo Partners will publish its Q3 2025 results on 4 October, at around 8:00 EET. Although the Finnish consumer confidence is still below its historical average, the Nordea card data points to a slightly positive spending in restaurants during Q3 and ...

NoHo Partners announced today that it has acquired the majority stake of 75% in the smoothie and juice bar chain Jungle Juice Bar (JJB), which operates 41 units across Finland. Founded in 2010, JJB grew rapidly in the 2010's and remains Finland's largest...

We hosted NoHo Partners' CEO Jarno Suominen for a lunch meeting today in Helsinki. The most insightful discussion topics, in our view, included acquisition targets and synergies, Nokia Arena operations, a possible loyalty program and the impact of tourism...

NoHo Partners' Q2 2025 results fell short of Vara Research consensus expectations, mainly due to the cold start to the summer in Finland and challenging market conditions in Norway. We argue, however, that the company's performance will likely improve...

NoHo Partners reported Q2 EBIT of EUR 7.4m from continuing operations (down 11% y/y), 15% below Vara Research consensus and 16% below our estimate. Net sales were stable y/y at EUR 87.6m, but were 9% below consensus and our estimate. Operational EBITDA...

NoHo Partners will publish its Q2 2025 results on 5 August, at around 8:00 EET. Although the Finnish consumer confidence is still below its historical average and the Nordea card data points to a sluggish spending in restaurants during Q2, we believe...

NoHo Partners' Q1 2025 results missed Vara Research expectations on several items, but we argue that the seasonally small quarter should not be taken as a bellwether for the full year. Reservation levels ahead of the busy summer season are solid, and...

NoHo Partners reported seasonally small Q1 EBIT of EUR 7.3m (up 6% y/y), 7% below Vara Research consensus and our estimate. Q1 net sales were also up 6% y/y to EUR 99.3m, 3% below consensus and 1% below our estimate. Operational EBITDA (operating cash...

NoHo Partners has acquired a 65% stake in the Danish restaurant chain Halifax Burgers. The founders will remain minority owners. Halifax Burgers is a high-quality sit-down burger concept, and it has 11 restaurants in Denmark. According to our understanding...