Brief: Noho Partners Q1 EBIT Turns To Loss Of EUR 6.6 Mln

NoHo Partners Oyj

09/06/2020 06:29

June 9 (Reuters) - NoHo Partners Oyj  NOHOP.HE :
    * CORONAVIRUS PANDEMIC HAD A STRONG IMPACT ON THE BUSINESS ENVIRONMENT — THE GROUP INITIATED
DETERMINED ADJUSTMENT MEASURES
    * Q1 TURNOVER DECLINED BY 5.9 PER CENT TO MEUR 50.1 (MEUR 53.2
    * Q1 EBIT FELL BY 230.6 PER CENT TO MEUR -6.6 (MEUR 5.0)
    * Q1 EBIT FELL BY 230.6 PER CENT TO MEUR -6.6 FOR CONTINUING AND DISCONTINUED OPERATIONS
    * RESTAURANT BUSINESS Q1 EBIT (COMPARABLE CONTINUING OPERATIONS) FELL BY 477.1 PER CENT TO
MEUR
-6.7 (MEUR 1.8)
    * RAPID SPREAD OF CORONAVIRUS PANDEMIC AND CONSEQUENT POLICIES AND ORDERS ISSUED BY
AUTHORITIES
MEANT THAT GROUP'S BUSINESS WAS BROUGHT TO AN ALMOST COMPLETE HALT IN MARCH
    * WILL NOT SPECIFY ITS TURNOVER AND PROFITABILITY FORECAST FOR THIS YEAR DUE TO UNCERTAIN
MARKET
SITUATION
    * NOHO PARTNERS HAS CANCELLED FINANCIAL TARGETS PREVIOUSLY SET FOR 2021 AND WILL SPECIFY
TARGETS
LATER THIS YEAR.

Source text for Eikon:  ID:nGNE1fZbzn 
Further company coverage:  NOHOP.HE 

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