NoHo Partners (NOHO) Company presentation summary

Strategic vision and growth

• Aims to be the leading restaurant operator in Northern Europe, focusing on profitable growth in Finland and active international expansion through investments and acquisitions.

• Operates 300 restaurants across Finland, Norway, and Denmark, with a history of acquisition-driven growth and internationalization.

• Maintains a diversified portfolio including food, entertainment, and event restaurants, balancing stability and resilience.

Financial performance and targets

• Achieved a 24% CAGR in revenue from 2006 to 2025, with 2025 revenue at €358m and EBIT at €32.3m (9.0% margin).

• EBIT has quadrupled since pre-pandemic levels, consistently outperforming market averages in profitability.

• Net debt ratio stands at 3.0, with a target to reduce it to around 2.0 in the long term.

• Dividend policy targets at least 50% payout of comparable EPS, with €0.23 per share proposed for 2025, paid in three installments.

Operational excellence and portfolio management

• Flexible staffing and operational efficiency enable rapid adaptation to demand changes, supporting profitability.

• Strong track record in restaurant M&A, leveraging synergies and consolidation for value creation.

• Better Burger Society continues profitable growth, with 17% revenue increase in 2025 and ongoing expansion in Finland, Switzerland, and potential new markets.