NoHo Partners’ turnover for September 2021 was approximately MEUR 18 and operating cash flow was positive by over MEUR 1
07 Octubre 2021 - 12:30AM
NoHo Partners’ turnover for September 2021 was approximately
MEUR 18 and operating cash flow was positive by over MEUR 1
NoHo Partners PlcSTOCK EXCHANGE RELEASE 7 October 2021 at 8:30
a.m.NoHo Partners’ turnover for September 2021 was
approximately MEUR 18 and operating cash flow was positive by over
MEUR 1NoHo Partners Plc’s turnover in September 2021 was
approximately MEUR 18, representing growth of about 20 per cent
compared to the corresponding period in 2020 and amounting to
roughly 80 per cent of the turnover in the corresponding period in
2019, before the COVID-19 pandemic. Operating cash flow in
September exceeded MEUR 1.0. In addition, approximately MEUR 0.5 in
capital gains from the sale of Eezy Plc shares was recognised in
September.
NoHo Partners CEO Aku Vikström:
“Our turnover in September was approximately MEUR 18, exceeding
our turnover forecast of MEUR 14–16 by a clear margin. This was due
to the gradual lifting of restrictions and the resulting customer
demand, which was even higher than expected, especially in the
entertainment venue segment and the Norwegian market. Operating
cash flow totalled approximately MEUR 1.5, with business operations
generating cash flow of over MEUR 1 and capital gains from the sale
of Eezy Plc shares amounting to roughly MEUR 0.5.
The outlook for the rest of the year has brightened as
restaurant restrictions have been almost entirely eliminated – with
the exception of Helsinki – and customer demand is recovering. In
October, we expect our turnover to almost normalise and return the
level seen in 2019, amounting to approximately MEUR 20–22.
Consequently, we expect our operating cash flow for October to
exceed MEUR 2. The booking situation for the high season at the end
of the year looks promising as well. Our booking rate for
November–December is already about 60 per cent of the level seen in
2019, which can be regarded as a good sign at this time of the year
and considering the circumstances.”The Group will report on the
development of its business in October 2021 in its interim report
for January–September 2021, to be published on 9 November
2021.More information is available from:Aku
Vikström, CEO, NoHo Partners Plc, tel. +358 44 011 1989Jarno
Suominen, Deputy CEO, NoHo Partners Plc, tel. +358 40 721
5655Distribution:Nasdaq HelsinkiMajor
mediawww.noho.fi/enNoHo Partners Plc is a Finnish
Group established in 1996, specialising in restaurant services. The
company, which was listed on NASDAQ Helsinki in 2013 and became the
first Finnish listed restaurant company, has continued to grow
strongly throughout its history. The Group companies include some
250 restaurants in Finland, Denmark and Norway. The well-known
restaurant concepts of the company include Elite, Savoy, Teatteri,
Stefan’s Steakhouse, Palace, Löyly, Hanko Sushi, Friends &
Brgrs and Cock’s & Cows. Depending on the season, the
Group employs approximately 2,100 people converted into full-time
employees. The company’s vision is to be the leading restaurant
company in Northern Europe. www.noho.fi
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