NoHo Partners Oyj

NoHo Partners Plc reported a managers' transaction involving Timo Laine, a member of the board. On September 26, 2024, Laine acquired 17,657 shares at a unit price of 7.2 EUR each through a life insurance policy on NASDAQ Helsinki Ltd. The total transaction volume was 17,657 shares with a volume-weighted average price of 7.2 EUR. NoHo Partners Plc, established in 1996, is a Finnish restaurant group listed on Nasdaq Helsinki since 2013. The group operates around 300 restaurants across Finland, Denmark, Norway, and Switzerland, and employs approximately 2,800 full-time equivalent staff. In 2023, the company's turnover was approximately 370 million EUR. NoHo Partners aims to be the leading restaurant operator in Northern Europe. For more information, visit noho.fi/en.

NoHo Partners Plc announced changes to its Executive Team to support its new strategy and growth targets. Effective September 1, 2024, the new Executive Team will include: - Jarno Suominen as CEO and Chairman - Maria Koivula as Deputy CEO - Jarno Vilponen as CFO - Anne Kokkonen as HR Director - Benjamin Gripenberg as Director of International Business - Tanja Suominen as Director of Food Restaurants - Paul Meli as Director of Entertainment Venues - Rainer Lindqvist as Commercial Director - Henri Virlander as Sales Director - Pauli Kouhia as Chief Procurement Officer The separate Executive Team of Finland will cease operations, and local teams in Norway and Denmark will report to Benjamin Gripenberg. The Better Burger Society subsidiary will continue to be managed by CEO Tuomas Piirtola. NoHo Partners Plc, established in 1996 and listed on Nasdaq Helsinki in 2013, operates around 300 restaurants in Finland, Denmark, Norway, and Switzerland, employing approximately 2,800 full-time employees. The company aims to be the leading restaurant operator in Northern Europe.

NoHo Partners Plc released its Half Year Financial Report for January–June 2024, showing a 14.7% increase in turnover to MEUR 107.0 for April–June and a 18.5% increase to MEUR 200.5 for January–June. Operational EBITDA decreased by 3.5% to MEUR 12.2 for April–June but increased by 2.9% to MEUR 21.3 for January–June. EBIT decreased by 9.8% to MEUR 9.7 for April–June and by 0.8% to MEUR 16.6 for January–June. The result for April–June was MEUR 3.5, down 15.9%, and for January–June was MEUR 3.4, down 48.4%. Earnings per share also fell significantly. The company aims for a turnover of MEUR 430 and an EBIT margin of 9.5% for the full year 2024. Long-term targets include achieving a turnover of MEUR 400 in Finnish operations and profitable growth internationally. CEO Aku Vikström highlighted the company's good performance despite market challenges, driven by a diverse restaurant portfolio and flexible operations. NoHo Partners plans to continue its growth strategy, including international expansion and the acquisition of Danish firm Triple Trading. The company also saw growth in its Better Burger Society chain in Finland and Switzerland. The company faced challenges in the domestic market due to weak consumer confidence but expects an improvement by the end of the year. This report marks Vikström's last as CEO, with Jarno Suominen set to succeed him. A briefing for media, analysts, and investors will be held on 6 August 2024 at 10:00 EET, available via live webcast. Additional information can be obtained from CEO Aku Vikström and other company executives.