NoHo Partners Oyj
Sector unknown·NOHO · Nasdaq Helsinki·Fiscal year to 31/12/2025
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Hospitality and leisure
End markets
DriverPositive impact: strengthens
“In the long term, the restaurant market is expected to develop positively, and the growth is expected to continue.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“During the strategy period 2025–2027, NoHo Partners will focus on profitable growth and strengthening its financial position.”
Annual report 2025A · The company itself
Market
“The Group companies include some 300 restaurants in Finland, Denmark and Norway.”
Annual report 2025A · The company itself
Market
“The well-known restaurant concepts include Elite, Savoy, Teatteri, Sea Horse, Stefan’s Steakhouse, Palace, Löyly, Strindberg, Campingen and Cock’s & Cows.”
Annual report 2025A · The company itself
Market
“Additionally, NoHo Partners acts as an active investor in Better Burger Society Group, the well-known brands of which are Friends&Brgrs and Holy Cow!.”
Annual report 2025A · The company itself
Market
“In particular, classic restaurants with a strong market position are performing well in this operating environment.”
Annual report 2025A · The company itself
Market
“The development of the Hanko Aasia concept is also paying off, and the chain’s result more than doubled compared to the previous year.”
Annual report 2025A · The company itself
Market
“In addition, the investments made in entertainment venues in Helsinki, Tampere and Seinäjoki during the second half of the year were successful.”
Annual report 2025A · The company itself
Market
“The business of Better Burger Society has continued its strategy-driven and profitable growth. The company’s turnover increased by 17% in 2025 to MEUR 94 (2024: 80).”
Annual report 2025A · The company itself
Market
“OUR VISION IS TO BE THE LEADING RESTAURANT OPERATOR IN NORTHERN EUROPE UNIQUE OPERATING MODEL AS A COMPETITIVE ADVANTAGE NoHo Partners has a unique operating model that combines strong local brands and concepts with great dining experiences.”
Annual report 2025A · The company itself
Market
“The offering covers the entire spectrum of restaurants, from fast food to fine dining, sauna experiences to gaming venues and pubs to nightclubs.”
Annual report 2025A · The company itself
Market
“In addition, our event venues host meetings, seminars, private celebrations and other events.”
Annual report 2025A · The company itself
Market
“NoHo Partners acquired Jungle Juice Bar On 2 September 2025, NoHo Partners announced that it has acquired the majority stake of 75% in the smoothie and juice bar chain Jungle Juice Bar, which included 40 units across Finland at the end of the review period. The operations of Jungle Juice Bar will be reported as part of NoHo Partners as of 1 September 2025.”
Annual report 2025A · The company itself
Chains in: Consumer spending strengthens
Business cycle and GDP growth
Macro
DriverPositive impact: strengthens
“For the financial period, we expect the Group's EBIT margin to remain at the current good level and comparable earnings per share to increase.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“The demand for restaurant services is according to Company’s evaluation less susceptible to cyclical fluctuations compared to other service and retail industries.”
Annual report 2025A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Consumer spending
Macro
DriverNegative impact: weakens
“I also consider the profitability level of 9% achieved for the full financial period to be a good performance as consumers continue to be cautious in their spending decisions and the recovery in demand was slower than expected.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“TURNOVER AND INCOME January–December In January–December 2025, the Group’s turnover increased by 3.1% to MEUR 358.0 (347.1).”
Annual report 2025A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
Inflation
Macro
DriverPositive impact: strengthens
“The gradual recovery that began with easing inflation and declining interest rates has proceeded at a slow pace, and market demand is likely to remain modest also through the first half of 2026.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The Company was able to balance the effects of inflation on its business, among other things, through centralised purchasing agreements.”
Annual report 2025A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
Interest rates
Macro
DriverPositive impact: strengthens
“The gradual recovery that began with easing inflation and declining interest rates has proceeded at a slow pace, and market demand is likely to remain modest also through the first half of 2026.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The Company continues to take active measures to prepare for potentially rapid changes in the market situation by actively monitoring operational efficiency and pricing, using centralised procurement agreements and engaging in regular dialogue with suppliers and other partners.”
Annual report 2025A · The company itself
Chains in: Public debt and fiscal policy strengthens, Inflation strengthens
Chains out: this weakens Construction, weakens Real estate, weakens Wind power, weakens Housing market, weakens Office and commercial property, weakens Residential rental, weakens Residential construction
Labour and wages
Raw materials and inputs
InputNegative impact: weakens
“Depending on the season, NoHo Partners employs approx. 2,800 people converted into full-time employees, and in 2025, Group’s turnover amounted to approx. MEUR 360.”
Annual report 2025A · The company itself
Packaging
Raw materials and inputs
InputNegative impact: weakens
“The Danish packaging material supplier Triple Trading is, alongside Better Burger Society, a prime example of strategic, synergistic investment activity that supports NoHo Partners the core business.”
Annual report 2025A · The company itself
Chains out: this weakens Beer and beverages
Tourism, hotels and experiences
End markets
DriverNegative impact: weakens
“MARKET ENVIRONMENT The business outlook for the tourism and restaurant sector has been challenging in recent years.”
Annual report 2025A · The company itself
Denmark
Geography
Geography
“During the busiest season in the restaurant industry, the profitability of the Finnish business was once again excellent, at over 13%.”
Annual report 2025A · The company itself
Geography
“The growth of the business in Denmark continued, and long-term efforts to strengthen profitability are bearing fruit.”
Annual report 2025A · The company itself
Geography
“Local brands and consumer concepts Operational expertise Unique acquisition model and experience Significant scalability benefits and synergies Entrepreneurial partner model and corporate culture Sustainable practices and good governance SEGMENTS NoHo Partners is a growth company with approximately 300 restaurants and entertainment venues in Finland, Norway and Denmark.”
Annual report 2025A · The company itself
Geography
“The acquisition of the Halifax Burgers chain completed in the second quarter strengthened NoHo Partners' position in Denmark.”
Annual report 2025A · The company itself
Geography
“During the strategy period 2025–2027 the Group aims to achieve a turnover of approx. MEUR 350 in Finnish operations and to maintain the current good level of the EBIT margin.”
Annual report 2025A · The company itself
Geography
“NoHo Partners acquired the Danish Halifax Burgers restaurant chain On 5 May 2025, NoHo Partners Plc announced that it had acquired a majority stake in the Danish restaurant chain Halifax Burgers, which includes 11 restaurants in Denmark. The business operations of Halifax Burgers have been transferred to NoHo Partners as of 1 May 2025.”
Annual report 2025A · The company itself
Geography
“The Finnish operations include three business areas: restaurants, entertainment venues and event venues.”
Annual report 2025A · The company itself
Nordics
Geography
Geography
“NoHo Partners’ vision is to be the leading restaurant operator in Northern Europe.”
Annual report 2025A · The company itself
Geography
“The problems in Norway have continued for a long time. After hitting a low point in early autumn, operational control has been strengthened, and EBIT was now positive in the seasonally strong quarter.”
Annual report 2025A · The company itself
Geography
“The situation of the Norwegian business was challenging, and to restore profitability, the responsibility for day-to-day operational management was shifted to Finland. The arrangement aims to improve operational efficiency and to create the conditions for a recovery in the business and a return to profitability.”
Annual report 2025A · The company itself
Geography
“The international business includes two business areas: Norway and Denmark.”
Annual report 2025A · The company itself
Europe
Geography
Geography
“International business achieved an EBIT margin of approx. 6%, which we cannot be satisfied with.”
Annual report 2025A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.36 bn EUR |
| Revenue growth vs. the year before, same method | 3.1 % |
| EBITDA reported by the company | N/A |
| Net debt debt incl. leasing minus cash | 0.32 bn EUR |
| Diluted EPS per share | 1.54 EUR |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (EUR), not converted to DKK. Quotes are shown as the company's own words in the report's original language.