NoHo Partners Plc
Investors news July 11, 2022 at 8:30 am
NoHo Partners continues its profitable growth: turnover for June 2022 was around €28 million, EBITDA was around €8.3 million, including Miur 4.3 from subsidies from the Finnish government
NoHo Partners Plc’s turnover in June 2022 was approximately €28 million, which is approximately 48 per cent growth compared to the corresponding period in 2021 and 13 per cent growth compared to the corresponding period in 2019, prior to the COVID-19 pandemic. EBITDA of approximately €8.3 million, with operating activities’ share of approximately €4 (approximately 14% of sales volume) and €4.3 million of back-to-back government compensation recorded for June in relation to restrictions imposed on business from January to February in Finland.
CEO of NoHo Partners Aku Fixstrom:
The strong demand trend continued in June when business volume grew 13% compared to 2019, the year before the outbreak of the coronavirus. EBITDA generated from the business was also strong at around €4 million (about 14% of turnover). In the first half of the year, we did well in hiring and in fighting inflation, but above all, our staff did an excellent job on several fronts.”
The company will stop providing monthly business development reports and publishing financial information on a quarterly basis in the future.
More information is available from:
Akko Fixstrom, CEO of NoHo Partners Plc, Tel. +358 44235 7817
Jarno Sominin, Executive Vice President, NoHo Partners Plc, Tel. +358 40721 5655
NoHo Partners Plc It is a Finnish group founded in 1996, specializing in catering services. The company, which was listed on NASDAQ Helsinki in 2013 and became the first Finnish restaurant company to be listed, has continued to grow strongly throughout its history. The group companies include about 250 restaurants in Finland, Denmark and Norway. The company’s well-known restaurant concepts include Elite, Savoy, Teatteri, Stefan’s Steakhouse, Palace, Löyly, Hanko Sushi, Friends & Bergrs, Campingen and Cock’s & Cows. Depending on the season, the group employs approximately 2,100 people who have been converted into full-time employees. The group aims to achieve a turnover of 400 mior by the end of 2024. The company’s vision is to be the leading restaurant company in Northern Europe.