Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Transcripts
  • 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.13.8
EV/EBITDA17.110.05.8

Forum discussions

I just read OP’s preview from today. They certainly seem to have strong confidence in the company and the market’s improvement. They reiterated...
1/29/2026, 7:34 PM
by Salkunvartija97
4
Only American Diner Mylly is under NoHo Partners Plc, and the rest are under a different company. Therefore, it is likely that these are the...
1/21/2026, 1:45 PM
by Jukka
3
Four that are linked to NoHo, but through various arrangements of course. Friends&Brgers, Classic American Diner, Hanko Aasia and Jungle Juice...
1/21/2026, 11:50 AM
by Karhu Hylje
5
Yeah, there seem to be three restaurants there. You wouldn’t think that kind of rent arrears would accumulate in a month, so it doesn’t seem...
1/21/2026, 11:46 AM
5
Now yet another slightly larger draft (payment default notice): The creditor is Mylly Shopping Centre, where Noho has several restaurants.
1/21/2026, 11:40 AM
by Karhu Hylje
8
Greetings! NoHo Partners’ financial statement release will be published on Wednesday, February 11, at approximately 8:00 a.m. A results briefing...
1/21/2026, 9:05 AM
by Sanna Sandvall
15
Sales of the largest wholesaler, Kespro, grew by 8.1% and by 4-6% on a comparable basis. Perhaps this recovery will start from here.
1/16/2026, 9:38 AM
by OttoJ
13
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.