Brief: Noho Partners Q4 EBIT Turns To Loss Of EUR 11.8 Mln

NoHo Partners Oyj

18/02/2021 06:24

Feb 18 (Reuters) - NoHo Partners Oyj  NOHOP.HE :
    * FY OPERATING LOSS -24 MILLION EUR
    * Q4 TURNOVER EUR 31.6 MILLION VERSUS EUR 75.2 MILLION YEAR AGO
    * Q4 EBIT  LOSS EUR 11.8 MILLION VERSUS PROFIT EUR 7.0 MILLION YEAR AGO
    * IN OCTOBER-DECEMBER, MOST PROFITABLE QUARTER IN RESTAURANT BUSINESS UNDER NORMAL
CONDITIONS
    * OPERATING CASH FLOW, WAS ONLY MEUR 5.1 NEGATIVE FOR FULL FINANCIAL PERIOD.
    * OUTLOOK FOR 2021 REMAINS UNCERTAIN
    * FOLLOWING RECOVERY, WE WILL BEGIN TO IMPLEMENT OUR REBUILDING PROGRAMME WITH
DETERMINATION.
    * WILL NOT PROVIDE ITS TURNOVER AND PROFITABILITY FORECAST FOR 2021 DUE TO UNCERTAIN MARKET
SITUATION.
    * WILL SPECIFY LONG-TERM FINANCIAL TARGETS FOR STRATEGY PERIOD 2021-2023 DURING FIRST HALF
OF 2021

Source text for Eikon:  ID:nGNEg2tvq 
Further company coverage:  NOHOP.HE 

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