Positive profit warning: NoHo Partners Plc to increase its profit guidance for 2022
2022年10月3日 - 3:00PM
Positive profit warning: NoHo Partners Plc to increase its profit
guidance for 2022
NoHo Partners Plc
INSIDE INFORMATION 3 OCTOBER 2022 at 09:00 EET
Positive profit warning: NoHo Partners Plc to increase
its profit guidance for 2022
NoHo Partners Plc increases its guidance concerning turnover and
EBIT margin for the year 2022.
“We estimate full-year turnover to be over MEUR 300 and EBIT
margin to be over 8,5% due to better-than-expected demand that has
continued after the summer, the company’s own profitability
development and good booking situation for the rest of the year.
Despite continued uncertainty in the market, we estimate customer
demand to continue at a good level during the rest of the year,”
says NoHo Partners’ CEO Aku Vikström.
New profit guidance (as of 3
October 2022):
NoHo Partners estimates that, during the financial year 2022, it
will achieve total turnover of over MEUR 300 and an EBIT margin of
over 8,5% in the restaurant business.
The Group’s long-term guidance remains unchanged: The Group aims
to achieve turnover of approximately MEUR 400 and an EBIT margin of
approximately 10% during 2024. The company aims for the ratio of
net debt to operational EBITDA, adjusted for IFRS 16 lease
liability, to be under 3 and for dividends to be paid during the
strategy period 2022–2024.
Previous profit guidance (as of 22 June
2022):
NoHo Partners estimates that, during the financial period 2022,
it will achieve total turnover of approximately MEUR 300 and an
EBIT margin of over 8 % in the restaurant business.
The Group’s long-term guidance remains unchanged: The Group aims
to achieve turnover of approximately MEUR 400 and an EBIT margin of
approximately 10 % during 2024. The company aims for the ratio of
net debt to operational EBITDA, adjusted for IFRS 16 lease
liability, to be under 3 and for dividends to be paid during the
strategy period 2022–2024.
Additional information:
Aku Vikström, CEO, NoHo Partners Plc, tel. +358 44 235
7817Jarno Suominen, Deputy CEO, NoHo Partners Plc, tel. +358 40 721
5655
Distribution:
Nasdaq HelsinkiMajor mediawww.noho.fi/en
NoHo Partners Plc is a Finnish group
established in 1996, specialising in restaurant services. The
company, which was listed on Nasdaq Helsinki in 2013 and became the
first Finnish listed restaurant company, has continued to grow
strongly throughout its history. The Group companies include some
250 restaurants in Finland, Denmark and Norway. The well-known
restaurant concepts of the company include Elite, Savoy, Teatteri,
Sea Horse, Stefan’s Steakhouse, Palace, Löyly, Hanko Sushi, Friends
& Brgrs, Campingen and Cock’s & Cows. Depending on the
season, the Group employs approximately 2,100 people converted into
full-time employees. The Group aims to achieve turnover of MEUR 400
by the end of 2024. The company’s vision is to be the leading
restaurant company in Northern Europe.
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