Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Extensive research

NoHo Partners: Back to action after COVID cooldown

NoHo Partners
Download report (PDF)

We expect NoHo to be back on a strong growth track from 2022 onward, and the company’s strategic decisions for the next few years are chiefly right. As the business gradually recovers, the company’s risk level decreases when cash flow improves and the debt burden in the balance sheet decreases. In our view, the stock’s return/risk ratio remains sufficiently attractive, because if our earnings estimates are realized, the valuation level is not high. If the strategy is successful, the long-term earnings potential is also significant.

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.

Read more on company page

Key Estimate Figures17.08.2021

202021e22e
Revenue156.8175.2290.0
growth-%-42.5 %11.7 %65.6 %
EBIT (adj.)-24.0-9.719.0
EBIT-% (adj.)-15.3 %-5.6 %6.5 %
EPS (adj.)-1.43-0.620.58
Dividend0.000.000.30
Dividend %0.0 %0.0 %3.8 %
P/E (adj.)neg.neg.13.5
EV/EBITDA17.110.05.7

Forum discussions

Does anyone have access to that Nordic Card Data, or was its publication stopped? On the public pages, the publication of information ended ...
19 hours ago
by OttoJ
1
Restaurant spending quite stable in recent Nordea card data: corporate.nordea.com Nordea Corporate Nordea Corporate is the new digital platform...
yesterday
by Karhu Hylje
14
Friends & Brgrs continues its growth. A restaurant is opening in Ideapark, Lempäälä, at the end of February: Tamperelainen – 2 Dec 25 Suosittu...
12/2/2025, 9:26 AM
by Vanerihands
13
NoHo has promised the expansion of new Hook restaurants to new localities. The latest opening was in Kuopio (paywall): Savon Sanomat – 28 Nov...
11/30/2025, 12:56 AM
by Lenheeti
21
Referring to Sanna’s post - Noho certainly still has many small goods and service suppliers, and in my experience, these might have challenges...
11/28/2025, 1:37 PM
by tuuliviiri
2
Greetings! There has been some discussion here in recent days regarding matters related to invoices. The NoHo Partners Group receives over 20...
11/28/2025, 11:15 AM
by Sanna Sandvall
63
NoHo Partners’ CEO Jarno Suominen was at the Sijoittaja 2025 event talking about his company as an investment. Inderes NoHo Partners sijoituskohteena...
11/27/2025, 4:49 PM
by Sijoittaja-alokas
7
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
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.