Strategy

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.

Vision

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.

Mission

To develop interesting new restaurants and concepts for all target groups.

Values

Our operations and decisions are steered by our entrepreneurship, people, quality, profitability and responsibility.

The roots of NoHo Partners extend all the way back to 1990. Read our history here!