Copyright © Inderes 2011 - present. All rights reserved.
  • Seneste
  • Markeder
    • Aktieoversigt
    • Finanskalender
    • Udbyttekalender
    • Research
    • Artikler
  • InderesTV
  • Forum
  • Om os
    • Fulgte selskaber
    • Team
Eksterne analyser

NoHo Partners: Acquires a restaurant chain in Denmark - Nordea

NoHo Partners

Dette er en ekstern analyse og afspejler ikke nødvendigvis vores perspektiv eller værdier.

Download analyse (PDF)
NoHo Partners has acquired a 65% stake in the Danish restaurant chain Halifax Burgers. The founders will remain minority owners. Halifax Burgers is a high-quality sit-down burger concept, and it has 11 restaurants in Denmark. According to our understanding, the concept is very similar to Cocks & Cows, which NoHo already owns in Denmark (8 restaurants). In 2024, Halifax Burgers generated a revenue of EUR 14m, i.e., ~3% of the total group sales in 2024. We believe this is likely a good fit for Noho’s portfolio, and given NoHo’s experience, expertise and synergy benefits, the acquired operations are likely to contribute positively to the group earnings. Halifax will be reported as part of Noho as of 1 May, and assuming a EUR ~15m revenue in 2025E, this is likely to have a ~2% positive impact on Vara Research consensus revenue. NoHo Partners will report its Q1 tomorrow at 8:00 EET – we are roughly in line with consensus on the top-line and on EBIT, but we note that the consensus may still partially factor in Better Burger Society, which was separated from the group on 1 April.
Find os på de sociale medier
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Tag kontakt
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • Om os
  • Vores team
  • Karriere
  • Inderes som en investering
  • Tjenester for børsnoterede virksomheder
Vores platform
  • FAQ
  • Servicevilkår
  • Privatlivspolitik
  • Disclaimer
Inderes’ ansvarsfraskrivelse kan findes her. Detaljeret information om hver aktie, der aktivt overvåges af Inderes og HC Andersen Capital, er tilgængelig på de virksomhedsspecifikke sider på Inderes' hjemmeside. © Inderes Oyj. All rights reserved.