The COVID-19 pandemic has had a serious impact on the market and the restaurant industry. The sudden change in the market has also considerably affected the operations of NoHo Partners.
The Group took measures as soon as the pandemic began to secure its ability to operate throughout the exceptional circumstances. These measures concerned, among other things, the safety of the employees and customers, adjusting costs and securing financing.
The company’s vision is to be the leading restaurant company in Northern Europe. The Group aims to achieve a turnover of approximately MEUR 400 and an EBIT margin of approximately 10 per cent during 2024. At the same time, the aim of the company is for the ratio of net debt to operating cash flow, adjusted for IFRS 16 lease liability, to be under 3. The objective of the company is to pay dividends during the strategy period 2022–2024.
Read more from Investor Q&A section!