NoHo Partners Oyj

NoHo Partners Plc has appointed Jarno Suominen as CEO, effective 1 September 2024. Suominen, who has been with the company since 2005 and served as CFO and Deputy CEO, will succeed the current CEO, Aku Vikström. Vikström will continue in his role until Suominen takes over and will then join Orkla Foods Europe as CEO. The Board of Directors expressed confidence in Suominen's extensive experience in the restaurant industry and his role in the company's growth. The announcement coincides with the release of NoHo Partners’ Half-Year Financial Report 2024. The company will present the results and introduce the new CEO at a webcast and media event on 6 August 2024. NoHo Partners, listed on Nasdaq Helsinki, operates around 300 restaurants in multiple countries and aims to be the leading restaurant operator in Northern Europe.

NoHo Partners Plc will release its Half-Year Financial Report for the period from January 1 to June 30, 2024, on Tuesday, August 6, 2024, at approximately 8:00 EET. The report will be available on their website. A webcast in Finnish will be held at 10:00 EET on the same day, where CEO Aku Vikström will discuss the company's financial performance, key events, current business status, and future outlook. Questions can be asked via the webcast chat function or by phone, with prior registration required for phone participation. The webcast recording will be available on the company’s website later that day. NoHo Partners Plc, established in 1996, is a Finnish restaurant group listed on Nasdaq Helsinki since 2013, operating around 300 restaurants in multiple countries and employing approximately 2,800 full-time employees. In 2023, the company’s turnover was about MEUR 370. More information can be found on their website.

NoHo Partners Plc reported managers' transactions involving Hanna-Stiina Niemi, a closely associated person to Mika Niemi, a Member of the Board. The transactions, which took place on July 4, 2024, involved the disposal of shares on NASDAQ Helsinki Ltd and CEUX. On NASDAQ Helsinki, multiple transactions totaling 2,829 shares were executed at an average price of 8.31424 EUR per share. On CEUX, 171 shares were sold at 8.3 EUR per share. NoHo Partners Plc, a Finnish group specializing in restaurant services, was established in 1996 and listed on Nasdaq Helsinki in 2013. The company operates around 300 restaurants across Finland, Denmark, Norway, and Switzerland, employing approximately 2,800 full-time employees and generating a turnover of around 370 million EUR in 2023. For more details, contact CFO Jarno Vilponen.

NoHo Partners Plc reported managers' transactions involving Hanna-Stiina Niemi, a closely associated person to Mika Niemi, a member of the Board. Transactions involved the disposal of shares on NASDAQ Helsinki Ltd and TQEX on June 18 and 19, 2024. The transactions aggregated to volumes of 3,436 shares at an average price of 8.3856 EUR on NASDAQ Helsinki Ltd, 466 shares at an average price of 8.40691 EUR on TQEX, and 98 shares at an average price of 8.46 EUR on NASDAQ Helsinki Ltd. NoHo Partners Plc is a Finnish restaurant group with around 300 restaurants in Northern Europe and a turnover of approximately MEUR 370 in 2023. For more information, visit noho.fi/en.

NoHo Partners has updated its strategy and long-term financial targets for the period 2025-2027, aiming to accelerate growth, strengthen the balance sheet, and increase dividends. The Finnish restaurant group plans to continue its strong growth in the domestic market, while also exploring strategic options to accelerate international growth. The company's updated strategy and financial targets will be presented at the Capital Markets Day on 22 May 2024. NoHo Partners operates around 300 restaurants in Finland, Denmark, Norway, and Switzerland, and reported a turnover of approximately €370 million in 2023.

NoHo Partners Plc's interim report for Q1 2024 reveals a 23.1% increase in turnover to €93.5m compared to the same period last year. Operational EBITDA rose by 12.9% to €9.1m, while EBIT was €6.9m, up 15.7%. The result for the period was €-0.1m, compared to €2.4m in Q1 2023. The company's CEO noted that despite a challenging market environment, the company delivered a 7.3% EBIT margin. The company's international business had a strong EBIT margin of over 8%, and profitability in Finland remained around 7%. NoHo Partners expects total turnover of approximately €430m and an EBIT margin of approximately 9.5% for the financial year 2024.