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NoHo Partners

7.76 EUR

+0.26 %

9,125 following
Corporate customer

NOHO

NASDAQ Helsinki

Consumer Services

Consumer Goods & Services

Overview
Financials & Estimates
Investor consensus
Compare
+0.26 %
-8.06 %
-5.60 %
-2.51 %
-12.22 %
-14.16 %
-3.00 %
+3.47 %
+56.14 %

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
163.3M EUR
Turnover
131.79K EUR
P/E (adj.) (26e)
12.51
EV/EBIT (adj.) (26e)
12.55
P/B (26e)
1.49
EV/S (26e)
1.16
Dividend yield-% (26e)
3.87 %
Coverage
Recommendation
Accumulate
Target price
9.00 EUR
Updated
12.02.2026
Disclaimer
Sauli Vilén
Arttu Heikura
Arttu Heikura, Sauli Vilén
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Latest research

Latest analysis report

Released: 12.02.2026

Latest extensive report

Released: 27.08.2021

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
15.4
2026

General meeting '26

5.5
2026

Interim report Q1'26

7.5
2026

Triannual dividend

Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
3rd party
ShowingAll content types
Third party research2/12/2026, 6:30 AM

NoHo Partners: New dividend policy supports growth ambitions - Nordea

We view NoHo Partners' Q4 2025 results as operationally solid, despite the ongoing challenges in Norway, though the DPS was a disappointment to the market. Nevertheless, we argue that the company should be on a solid growth track, driven by gradually...

NoHo Partners
NoHo Partners Q4'25: Fokus på indtjeningsvækst
Research2/12/2026, 5:10 AM by
Sauli Vilén, Arttu Heikura

NoHo Partners Q4'25: Fokus på indtjeningsvækst

NoHos omsætning i Q4 voksede drevet af opkøb, og rentabiliteten forblev på et godt niveau, især takket være effektiv omkostningsstyring i Finland.

NoHo Partners
Third party research2/11/2026, 9:19 AM

NoHo Partners: Solid Q4, but dividend was halved - Nordea

NoHo Partners reported Q4 EBIT of EUR 11.8m (-3.7% y/y), 4% above Vara Research consensus and 6% above our estimate. Q4 net sales were up 5.3% y/y at EUR 101.8m, 3% below consensus and 2% below our estimate. Finland EBIT came in 5% above our estimate...

NoHo Partners

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NoHo Partners Q4'25 - kort kommentar: Resultat og forventninger i overensstemmelse med forventningerne, udbyttet blev skåret ned
Analyst Comment2/11/2026, 7:30 AM by
Sauli Vilén, Arttu Heikura

NoHo Partners Q4'25 - kort kommentar: Resultat og forventninger i overensstemmelse med forventningerne, udbyttet blev skåret ned

Guidance lover god rentabilitet og indtjeningsvækst for 2026.

NoHo Partners
Regulatory press release2/11/2026, 6:00 AM

NoHo Partners Plc’s Financial Statements Release 1 January–31 December 2025: A challenging year ended with a strong final quarter

NoHo Partners
Regulatory press release2/11/2026, 5:55 AM

Inside Information: NoHo Partners Plc updates its long-term financial targets regarding dividend policy

NoHo Partners
NoHo Partners Q4'25 preview: Temaet er markedets fremtidige genopretning og håndtering af udfordringerne i Norge
Analyst Comment2/6/2026, 3:30 AM by
Arttu Heikura, Sauli Vilén

NoHo Partners Q4'25 preview: Temaet er markedets fremtidige genopretning og håndtering af udfordringerne i Norge

Vi estimerer, at opkøb vil løfte omsætningen i 4. kvartal til en vækst på 9 %, mens den organiske udvikling stagnerer.

NoHo Partners
Third party research2/3/2026, 6:23 AM

NoHo Partners: Focus on market recovery - Nordea

Ahead of NoHo's Q4 2025 report, due out on 11 February, we lower our estimates slightly to reflect the challenges in its Norwegian operations, while sales in Denmark and Finland have likely developed in a solid manner. For 2026, we argue that investors...

NoHo Partners
Press release1/21/2026, 9:00 AM

NoHo Partners will publish its Q1–Q4 2025 Financial Statements Release on Wednesday 11 February

NoHo Partners
Regulatory press release12/11/2025, 2:15 PM

NoHo Partners Plc: Managers’ Transactions (Niemi)

NoHo Partners
Third party research11/5/2025, 6:25 AM

NoHo Partners: Norwegian challenges remain - Nordea

NoHo Partners' Q3 2025 was challenging, mainly due to Norway, where the market keeps declining and the anticipated turnaround has not yet emerged. The market remained muted also in Finland, although we expect the pre-Christmas season to ease the situation...

NoHo Partners
Third party research11/4/2025, 7:00 AM

NoHo Partners: Weak Q3 due to Norway - Nordea

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
Regulatory press release11/4/2025, 6:00 AM

NoHo Partners Plc’s Interim Report 1 January–30 September 2025: Stable performance in a challenging market

NoHo Partners
Regulatory press release11/4/2025, 5:55 AM

NoHo Partners Plc’s Financial Reporting in 2026

NoHo Partners
Third party research11/3/2025, 6:24 AM

NoHo Partners: We are a tad below consensus ahead of Q3 - Nordea

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
Press release10/14/2025, 8:00 AM

NoHo Partners will publish its Q1–Q3 2025 Interim Report on Tuesday 4 November

NoHo Partners
Regulatory press release9/19/2025, 11:00 AM

NoHo Partners Plc: Managers’ Transactions (Laine)

NoHo Partners
Third party research9/2/2025, 6:12 AM

NoHo Partners acquires 75% stake in Jungle Juice Bar - Nordea

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...

NoHo Partners
Press release9/2/2025, 5:00 AM

NoHo Partners acquires Jungle Juice Bar

NoHo Partners
Third party research8/26/2025, 5:23 AM

NoHo Partners: Our insights from a meeting with the CEO - Nordea

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
Forum discussions
Quote from the AL article: Noho’s invoices ended up on the protest list and in debt collection towards the end of the year, amounting to hundreds of thousands of euros. According to Laine, the company’s cash position was tight at the end of the year. “Our cash flow calculations didn...
2/12/2026, 8:54 AM
by pt99659
24
Exactly, this is the “meat” of the matter regarding NoHo’s dividend cut. It is about what the company has previously outlined regarding the dividend – and what investors can therefore reasonably expect based on this. A completely separate issue is what would be an appropriate dividend...
2/11/2026, 1:52 PM
by roastbeef
24
When asked about the payment defaults (trattas), the CEO says liquidity is fine and it is a matter of “process challenges” (source: Inderes video from today). At the same time, the Chairman of the Board tells Aamulehti that the reason was a tight cash position (paywall): Tampere-...
2/11/2026, 10:24 PM
by Lenheeti
22
It’s quite interesting that the operational management and the Chairman of the Board are speaking with different voices; I wonder if personnel changes are on the horizon, as that’s some fairly direct criticism of the cash flow statements. I tip my hat to Laine’s honest commentary...
2/12/2026, 9:14 AM
by NukkeNukuttaja
15
That is what I meant in my own comment as well. If a company touts in its strategy just less than two years ago that it will pay a moderately growing dividend and then reverts to a dividend from 10 years (!) ago (delayed in three installments vs. 10 years ago), it is not only embarrassing...
2/11/2026, 2:34 PM
by Raha-aasi
15
And indeed, it seems clear that the Board Chairman’s comments were the “honest” ones, i.e., how things actually are, and the CEO then spoke a “modified truth”. As a shareholder, one would hope that the “straight talk” (one word) familiar from the gangster world would also apply to...
2/12/2026, 10:17 AM
by Lenheeti
10
My interpretation is that both the CEO and the Chairman could be right. NoHo might be able to get more debt financing, but it doesn’t want to increase its debt further and therefore prefers to continue its growth strategy and cut the dividend rather than slowing down the growth strategy...
2/12/2026, 11:41 AM
by Jussi Koskinen
7
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