Brief: NoHo Partners Q1 EBIT Loss Narrows To EUR 1.3 Million

NoHo Partners Oyj

10/05/2022 06:21

May 10 (Reuters) - NoHo Partners Oyj  NOHOP.HE :
    * QUARTERLY LOSS PER SHARE ROSE 63.4 PERCENT TO 0.18 EUR
    * Q1 TURNOVER INCREASED BY 140.6% TO MEUR 48.5 (MEUR 20.2).
    * Q1 EBIT INCREASED BY 86.6% TO MEUR -1.3 (MEUR -9.7)
    * ESTIMATES THAT, DURING FINANCIAL PERIOD 2022, IT WILL
ACHIEVE A
TOTAL TURNOVER OF APPROXIMATELY MEUR 300 AND AN EBIT MARGIN OF
APPROXIMATELY 7% IN RESTAURANT BUSINESS.
    * Q1 RESULT FOR FINANCIAL PERIOD WAS MEUR -3.6 (MEUR -10.8),
AN
INCREASE OF 66.9%
    * AIMS TO ACHIEVE A TURNOVER OF APPROXIMATELY MEUR 400 AND
AN EBIT
MARGIN OF APPROXIMATELY 10% DURING 2024
    * AIMS FOR RATIO OF NET DEBT TO OPERATIONAL EBITDA, ADJUSTED
FOR
IFRS 16 LEASE LIABILITY, TO BE UNDER 3 AND FOR DIVIDENDS TO BE
PAID DURING STRATEGY PERIOD 2022-2024
    * EXPECTS CONSUMER DEMAND TO REMAIN AT A GOOD LEVEL DURING
FINANCIAL PERIOD 2022, BUSINESS AND EVENT SALES TO GRADUALLY
RECOVER AND MARKET TO RETURN TO NORMAL DURING Q2 OF 2022.

Source text for Eikon:  ID:nGNEDP73G 
Further company coverage:  NOHOP.HE 

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