contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


noho-partners-new-dividend-policy-supports-growth-ambitions-nordea

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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 &amp; Brgrs Cock's &amp; Cows and Holy Cow! . The company was founded in 1996.

@henrielo has been writing about NoHo after the Q4 releases.   Successes In my view, the most important news for an investor in NoHo’s earnings release was the repeated strong profitability of the Finnish operations at the end of the year – this despite the fact that the company acquired Jungle Juice Bar in the fall and began its integration into the group. Operating profit remained at 13.3 percent in the most important quarter of the year, compared to 13.7 a year earlier. Success was driven by a good pre-Christmas season, strong momentum in the Messukeskus restaurants, the success of classic restaurants in the current market situation, development work and a turnaround in the Hanko Aasia concept, as well as successful renovations of nightclub restaurants in Helsinki, Tampere, and Seinäjoki completed at the end of the year. While Finland generated 77 million euros in revenue in the final quarter, the revenue for Denmark and Norway was 25.1 million. The decline in Norway narrowed to seven percent, but Denmark grew by as much as 42 percent to 15.4 million, driven by the Halifax acquisition and Triple Trading. The integration of Halifax was completed during the review period. In the Norwegian business, the result turned profitable in the seasonally strong fourth quarter, but there is still work ahead. ”There, we are focusing primarily on profitability in the near future and on growth only once profitability has reached the target level,” Suominen stated in Helsinki.   Note IR Monitoring is a channel for the corporate partners of SalkunRakentaja and Sijoittaja.fi for background and analytical articles, as well as other interesting investor information. The article is part of a commercial collaboration with the company. The article does not contain investment recommendations.                   Sijoittaja.fi – 14 Feb 26              NoHon Suomen liiketoiminta menestyy - kasvuhankkeita käynnissä    Ravintolayhtiö NoHon tulosjulkistus sisälsi monta kiintoisaa uutista: osinko, kannattavuus eri toimintamaissa, neuvottelussa olevat kasvuaihiot.

You’re probably commenting on the dividend cut / debt financing there? Surely there haven’t been conflicting statements about that (too)?

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. Additional debt would likely increase the interest rates on loans, so that must also be weighed in connection with the dividend issue.

Strangely enough, when I sat through the earnings presentation yesterday, I didn’t get that impression at all from the comments made by the CEO, the CFO, or the Chairman.

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 a listed company, and preferably the honest talk, since they are doing business with my money after all.

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, though I won’t comment on how sensible it is in this situation; it’s possible that those unpaid invoices and their ripples have hit Timo as well.

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’t quite hit the mark. We invested quite a bit, and the market didn’t perform as well as expected.” According to Laine, the problems should be over, and everyone has received their money with interest. "This was the first time and hopefully the last.” So the cash was so depleted that subcontractors’ invoices were left unpaid. According to the CEO, it was a matter of process challenges. Yeah, right. In the same article, Laine reveals that the dividend had to be cut because Noho is so indebted that it otherwise wouldn’t get bank financing for acquisitions.

NoHo Partners

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...

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 improving consumer confidence, new openings and acquisitions, for example, while the expansion of BBS supports EPS. Based on our new estimates, we derive a lower fair value range of EUR 8.9-11.5 (9.2-11.8) per share, equally weighting our DCF- and SOTP-based valuation methods. Despite the near-term challenges in Norway, which should be solved by H2, we argue that NoHo's underlying operations are in excellent shape, and the company should have no problem delivering improving earnings, going forward.