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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

NoHo Partners

7.66 EUR-0.26 %7.9, 10.40
9,152 following

NOHO

NASDAQ Helsinki

Consumer Services

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Investor views
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-0.26 %
-5.08 %
+4.64 %
-0.78 %
-6.81 %
-16.38 %
-7.49 %
-10.83 %
+54.12 %

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.

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Market cap
161.2M EUR
Turnover
12.55K EUR
P/E (adj.) (26e)
12.04
EV/EBIT (adj.) (26e)
12.72
P/B (26e)
1.47
EV/S (26e)
1.22
Dividend yield-% (26e)
3.92 %
Coverage
Recommendation
Accumulate
Target price
9.00 EUR
Updated
05.08.2026
Disclaimer
Sauli Vilén
Arttu Heikura
Arttu Heikura, Sauli Vilén
Show more
Latest research

Latest analysis report

Released: 05.08.2026

Latest extensive report

Released: 27.08.2021

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Unfortunately, in my own eyes, NoHo is starting to become some sort of so-called “eternal promise.” I have been an owner myself since 2018, which is approaching ten years. Sure, the company generates an operating profit margin that is exceptionally high for the restaurant industry...
9/3/2026, 2:47 PM
by III21
33
Sauli will answer in due time, but those interest expenses certainly jumped. In the 2025 financial year, NoHo paid €6.6M in interest on an average of ~€140M in loans, which is under 5%. Now the interest rate has become 3-month Euribor + 4.375%, meaning the rate will soon be hovering...
9/3/2026, 1:32 PM
10
OP received the new financing arrangement a bit more positively than Inderes. Quote from the morning report: The transaction demonstrates debt investors’ confidence in the company’s cash flow generation capacity. The realized risk premium of the loan was quite close to our estimate...
9/4/2026, 6:24 AM
by Karhu Hylje
7
May I add just this much, that it has been nice to own this NoHo. Especially as a young guy in my early twenties, it was fun to pick up a trendy-looking stock whose services I use myself. In addition, the annual general meeting refreshments and real dividends (reaaliosingot) would...
9/3/2026, 3:13 PM
by III21
7
Here are Sale’s comments on NoHo’s new bond as well Inderes – 4 Sep 26 NoHo Partners laski liikkeeseen 50 MEUR:n joukkovelkakirjalainan - Inderes Uuden velkakirjan ehdot vastasivat odotuksiamme ja laina on osa alkuviikosta ilmoitettua isompaa rahoituspakettia.
9/4/2026, 5:03 AM
by Sijoittaja-alokas
3
Notations from the latest shareholder list: Danske’s fund is selling, and former CEO Aku Vikström is also reducing his stake:
9/1/2026, 6:56 AM
by Karhu Hylje
3
I assume that NoHo’s loan amount in euros might remain at the same level, but operating profit will increase by 30% in 3 years as a result of revenue growth and improved profitability.
8/31/2026, 1:19 PM
by Jussi Koskinen
3
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
3.11
2026

Interim report Q3'26

10.11
2026

Triannual dividend

Analyst Comment04.09.2026, 06.56 by
Sauli Vilén

NoHo Partners udstedte en obligation på 50 MEUR

Betingelserne for den nye gældsbrev stemte overens med vores forventninger, og lånet er en del af den større finansieringspakke, der blev annonceret tidligere på ugen.

NoHo Partners
Regulatory press release03.09.2026, 15.15

NoHo Partners Plc successfully issues EUR 50 million senior secured notes

NoHo Partners
Third party research31.08.2026, 12.30

NoHo Partners: Refinancing improves flexibility - Nordea

NoHo is considering issuing EUR 50m of senior secured notes (4-year tenor) and replacing its current financing package in Finland with a new EUR 60m term loan, EUR 10m capex facility and EUR 27m RCF. While we believe the bond is likely to carry a somewhat...

NoHo Partners

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NoHo Partners omlægger sin finansieringspakke
Analyst Comment31.08.2026, 11.25 by
Sauli Vilén

NoHo Partners omlægger sin finansieringspakke

Den nye finansieringspakke øger selskabets finansielle fleksibilitet, men samtidig vil omkostningerne til fremmedkapital ikke falde i de kommende år som forventet.

NoHo Partners
Regulatory press release31.08.2026, 09.30

Inside information: NoHo Partners Plc considers the issuance of secured notes

NoHo Partners
Third party research05.08.2026, 07.10

NoHo Partners: Back on solid ground - Nordea

NoHo Partners delivered a robust Q2 performance as the Norwegian operations normalised and the Finnish business rebounded, while Denmark continued its strong, broad-based growth. We believe the company has moved past its operational challenges and expect...

NoHo Partners
NoHo Partners Q2'26: Tilbagevenden til EPS-vækst
Research05.08.2026, 06.10 by
Sauli Vilén, Arttu Heikura

NoHo Partners Q2'26: Tilbagevenden til EPS-vækst

Vores standpunkt er, at selskabets indtjeningsvækstforventninger er gode, og der er flere troværdige drivkræfter for dette på både kort og mellemlang sigt.

NoHo Partners
Third party research04.08.2026, 08.40

NoHo Partners: Norwegian turnaround helps beat consensus estimates - Nordea

NoHo Partners reported Q2 EBIT of EUR 9.1m (+22% y/y), 15% above Vara Research consensus and 14% above our estimate, which we believe stemmed from e.g. successful terrace sales, growth in entertainment venues and the turnaround in Norway. Net sales were...

NoHo Partners
Regulatory press release04.08.2026, 07.00

NoHo Partners Plc’s Half Year Financial Report 1 January–30 June 2026: A successful quarter across all markets – turnover, profitability, and earnings per share growing

NoHo Partners
NoHo Partners Q2'26 preview: Resultatet forventes at forblive stabilt
Analyst Comment30.07.2026, 06.57 by
Arttu Heikura, Sauli Vilén

NoHo Partners Q2'26 preview: Resultatet forventes at forblive stabilt

Vi forventer, at det operationelle resultat er forblevet på niveau med sammenligningsperioden, hvilket tynges af Norges stadig svage rentabilitet.

NoHo Partners
Third party research16.07.2026, 08.09

Noho Partners: nohoNordic restaurant market shows signs of improvement - Nordea

Ahead of NoHo's Q2 2026 report, due on 4 August, we lift our estimates slightly to reflect the positive market development and better weather conditions y/y, which should support the important terrace sales. While the challenges in Norway still prevail...

NoHo Partners
Press release14.07.2026, 10.00

NoHo Partners will publish its Half-Year Financial Report 2026 on Tuesday 4 August

NoHo Partners
Regulatory press release16.06.2026, 15.00

NoHo Partners Plc: Managers’ Transactions (Niemi)

NoHo Partners
Press release11.06.2026, 08.00

NoHo Partners to provide restaurant services for Arena 3.3 to be built in Vantaa

NoHo Partners
Regulatory press release22.05.2026, 15.30

NoHo Partners Plc: Managers’ Transactions (Laine)

NoHo Partners
Regulatory press release08.05.2026, 10.45

NoHo Partners Plc: Managers’ Transactions (Kaario)

NoHo Partners
Third party research06.05.2026, 07.07

Restamax: Warmer winds expected for summer season - Nordea

NoHo Partners' Q1 results fell below Vara Research consensus, mainly owing to the prevailing challenging market environment in Norway, while the Finnish and Danish operations continued their good performance. We continue to see a solid outlook ahead,...

NoHo Partners
NoHo Partners Q1'26: Indtjeningsvækst presser sig på i 2. halvår
Research06.05.2026, 06.10 by
Sauli Vilén, Arttu Heikura

NoHo Partners Q1'26: Indtjeningsvækst presser sig på i 2. halvår

Efterspørgselsudsigterne på kort sigt ser lovende ud.

NoHo Partners
NoHo Partners Q1'26 - kort kommentar: Stille start på året hindrer indtjeningsvækst
Analyst Comment05.05.2026, 08.28 by
Arttu Heikura, Sauli Vilén

NoHo Partners Q1'26 - kort kommentar: Stille start på året hindrer indtjeningsvækst

NoHos Q1-udvikling var svagere end forventet, da markedssituationen fortsat var udfordrende.

NoHo Partners
Third party research05.05.2026, 08.21

NoHo Partners: Seasonally small Q1 missed estimates owing to Norway - Nordea

NoHo Partners reported its seasonally small Q1 EBIT of EUR 4.9m (-9.3% y/y), 10% below Vara Research consensus and 9% below our estimate. Q1 net sales were up 5.8% y/y to EUR 81.7m, 3% below consensus and 1% below our estimate. Finland EBIT was in line...

NoHo Partners