Key figures

MEUR 224.7
(116.5)

Turnover Q1-Q3 2022
(Q1-Q3 2021)

MEUR 23.2
(-7.6)

EBIT Q1-Q3 2022
(Q1-Q3 2021)

10.3%
(-6.5)

EBIT percentage Q1-Q3 2022
(Q1-Q3 2021)

MEUR 4.2 *
(-13.7)

Result for the period Q1-Q3 2022
(Q1-Q3 2021)

EUR 0.08 *
(-0.63)

Earnings per share Q1-Q3 2022
(Q1-Q3 2021)

MEUR 30.1
(1.5)

Operational EBITDA Q1-Q3 2022
(Q1-Q3 2021)

* Adjusted for a fair value impairment and sale of Eezy Plc shares.

Interim Report Q1-Q3 2022, 8.11.2022 

EUR 000´s 2021 2020 2019* 2018 2017 2016 2015 2014 2013 2012
Net sales 186 069 156 771 272 820 323 158 185 856 130 072 113 618 86 653 65 033 60 773
Annual growth, % 18.7 % -42.5 % 30.1 % 73.9 % 42.9 % 14.5 % 31.3 % 33.2 % 7.0 % 28.5 %
EBITDA** - - - 28 410 22 404 19 399 16 536 12 008 9 146 9 939t
EBITDA-%** - - - 8.8 % 12.1 % 14.9 % 14.6 % 13.9 % 14.1 % 16.4 %
EBIT -898 -23 880 30 551 7 190 10 767 8 998 7 266 5 265 4 051 5 719
EBIT-% -0.5 % -15.2 % 11.2% 2.2 % 5.8 % 6.9 % 6.4 % 6.1 % 6.2 % 9.4 %
Net profit -10 338 -29 469 46 128 4 231 5 492 5 864 4 809 3 334 2 908 3 788
Shareholders of the parent -10 635 -26 825 22 300 3 494 5 058 5 608 5 050 3 451 2 565 3 076
Non-controlling interests 298 -2 644 1 547 737 434 256 -241 -117t 344 712
Interest-bearing net liabilities excluding IFRS 16 impact, EUR 151 916 163 431 105 391
Gearing ratio excluding IFRS 16 impact, % 203.1 % 192.0 % 75.9 %
Interest-bearing net debt 320 877 316 621 266 691 138 500 43 649 30 377 29 313 18 944 6 184 5 982
Net gearing 462.4 % 391.0 % 194.6 % 184.3 % 93.1 %t 69.1 %t 73.2 %t 48.1 %t 21.9 %t 43.8 %
Equity ratio 15.1 % 18.1 % 29.1 % 24.6 % 35.3 %t 45.2 %t 44.4 %t 47.2 %t 60.9 %t 38.1 %t
Main operating metrics 2021 2020 2019* 2018 2017 2016 2015 2014 2013 2012
Materials margin-% 74.4 % 72.0 % 74.3 % 73.9 % * * * 74.0 % 73.9 % 74.3 %
Personnel expenses-%
(incl. external services)
36.0 % 38.0 % 30.5 % * * * * 29.6 % 30.1 % 29.6 %
ROIC-% 0.0 % -5.9 % 8.4 % 5.2 % 10.7 % 11.9 % 10.8 % 10.5 % 10.7 % 24.2 %
No. restaurants, net change 21 7 10 69 20 9 11 32 0 10
*The figures stated below according to the new segment structure. Starting from September 2019, the Group only has one segment: the restaurant business.
**The company has given up commenting on EBITDA.
Restaurant business
(EUR thousand)
2021 2020 2019* 2018 2017 2016 2015 2014
Turnover 186 069 156 771 272 912 209 725 122 174 107 544 100 315 83 666t
EBITDA** - - - 19 643 16 325 16 475 14 801 11 444
EBITDA, %** - - - 9.4 % 13.4 % 15.3 % 14.8 % 13.7 %
Operating profit -898 -24 488 18 389 2 206 6 920 7 401 6 492 4 957
Operating profit, % -0.5 % -15.6 % 6.7 % 1.1 % 5.7 %t 6.9 %t 6.5 %t 5.9 %t
Key figures
Material margin, % 74.4 % 72.0 % 74.3 % 73.9 % 74.1 % 74.6 % 74.3 % 74.0 %
Staff expenses, % 36.0 % 38.0 % 30.5 % 32.1 % 28.0 %t 28.1 %t 28.5 %t 29.6 %t
Labour hire business
(EUR thousand)
2019* 2018 2017 2016 2015 2014
Turnover - 127 090 75 612t 34 129t 24 151t 6 833t
EBITDA - 8 753 6 603t 3 441t 2 161t 696
EBITDA, % - 6.9 % 8.7 %t 10.1 %t 8.9 %t 10.2 %t
Operating profit - 4 970 3 834t 1 597t 775 308
Operating profit, % - 3.9 % 5.1 %t 4.7 %t 3.2 %t 4.5 %t
Key figures
Staff expenses, % - 82.4 % 83.7 %t 85.5 %t 85.2 %t 84.0 %t

*Description of accounting principles

• The Group’s labour hire business ended on 23 August 2019, when the subsidiary Smile Henkilöstöpalvelut Oyj was merged with VMP Plc and the combined company Eezy Plc became an associated company of the Group. Starting from September 2019, the Group only has one segment: the restaurant business.
• The labour hire segment is treated as a discontinued operation and a separate item in the income statement. Comparative information has been adjusted accordingly. For more detailed information, see Interim Report 2020, Note 3.
• Due to the labour hire business transaction, the Group started to present alternative performance measures that improve comparability. It is believed that these alternative performance measures improve the understanding prevailing on the market regarding the development and financial situation of the restaurant business. The most significant item added to the comparable result is the Group’s internal staffing service purchases that took place before the transaction. In the future, these will be presented as outsourced services. The calculation principles of the key figures that improve comparability are presented in more detail in Interim Report 2020, Note 3.
• In the Interim Report 2020, the Group’s continuing and discontinued operations as well as the comparable continuing operations of the restaurant business are presented separately.
• NoHo Partners adopted the IFRS 16 Leases standard as of 1 January 2019. The figures of the reference period 2018 have not been adjusted. More information about the application of the IFRS 16 standard and other significant interim report accounting principles can be found in the notes to the Interim Report 2020.
• Unless otherwise stated, figures in parentheses refer to the corresponding period last year.