Finland's NoHo Partners Q2 revenue rises on entertainment events
Finland's NoHo Partners Q2 revenue rises on entertainment events
Overview
Finland restaurant operator's Q2 revenue grew 9.2% yr/yr to EUR 95.6 mln
Q2 adjusted EPS for continuing operations rose 50.7% yr/yr to EUR 0.13
Company says growth driven by event restaurants and favorable weather for terraces
Outlook
NoHo Partners expects 2026 profitability to remain at current good level and EPS to increase
Company maintains long-term target of approx. EUR 350 mln turnover in Finnish operations
Company aims to reduce net debt to operational EBITDA to approx. 2 over the long term
Result Drivers
EVENT RESTAURANTS - Co said sports and entertainment events at Nokia Arena accelerated growth of event restaurants
FAVORABLE WEATHER - Early summer being sunnier than last year supported terraces, which are important for the season
INTERNATIONAL PROFITABILITY - Streamlining and operational development in Norway led to improved profitability, per CEO
Company press release: ID:nMFN3mwsmT
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| EUR 95.60 mln |
|
Q2 EPS |
| EUR 0.13 |
|
Q2 Adjusted EBITDA |
| EUR 10.70 mln |
|
Q2 EBIT |
| EUR 9.10 mln |
|
Q2 EBIT Margin |
| 9.50% |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy."
Wall Street's median 12-month price target for NoHo Partners Oyj is €8.60, about 13.2% above its August 3 closing price of €7.60
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)