Strategic focus on profitable growth
Strategy for the 2019–2021 strategy period:
Stock exchange release (inside information) 13 March 2020 at 9:30:
NoHo Partners Plc issues a profit warning, changes its profit distribution proposal and commences personnel adjustment measures in the changed market situation
The profit outlook announced in the financial statements release for 2019 was as follows:
New profit guidance (as of 5 March 2020):
NoHo Partners estimates that, during the financial period 2020, the Group will achieve a total turnover of approximately MEUR 300 and an EBIT margin of approximately 9 per cent. The turnover of the restaurant business (comparable continuing operations) is estimated to be approximately MEUR 300 and the EBIT margin approximately 7.5 per cent.
In terms of the Group’s restaurant business, the goal is to achieve a turnover of approximately MEUR 350 and an EBIT margin of approximately 8 per cent by the end of 2021. The Group will update the estimate for the financial period on an annual basis in conjunction with the publication of the result for the fourth quarter.
The vision is to be the most significant restaurant company in Northern Europe, which has also partly dictated Restamax’s need to reinvent its identity.
To develop interesting new restaurants and concepts for all target groups.
Our operations and decisions are steered by our entrepreneurship, people, quality, profitability and responsibility.