NoHo Partners (NOHO) Q4 2024 earnings summary

Executive summary

• Achieved record revenue and operating profit in Q4 2024, with full-year revenue up 14.7% to €427.1m and operating margin at 9.7% despite a challenging market.

• Result for the period increased 43.9% to €14.9m; EPS up 41.7% to €0.54.

• Major acquisitions in Finland (H5 Ravintolat), Denmark (Triple Trading), and Switzerland strengthened market position.

• Divestment of Eezy Oyj/Plc shares in Q1 2024; MEUR 1.2 loss recognized.

• CEO transition and strengthened management team to accelerate strategy execution.

Financial highlights

• Q4 2024 revenue/turnover rose 12% year-over-year to €120.0m; full-year revenue reached €427.1m, up from €372.4m.

• Q4 operating profit/EBIT was €15.1m (12.6% margin), up from €10.6m (9.9%); full-year operating profit/EBIT €41.5m (9.7% margin).

• Adjusted EPS for 2024 was €0.60, compared to €0.73 in 2023.

• Result for Q4 was €8.0m (+99.5%); full-year result €14.9m (+43.9%).

• Dividend proposal of €0.46 per share for 2024, to be paid in three installments.

Outlook and guidance

• 2025 guidance expects continued strong profitability in Finland and growth in group EPS.

• Market recovery anticipated in 2025, supporting profitable growth strategy for 2025–2027.

• Long-term targets: Finnish turnover ~€400m, EBIT margin maintained, net debt/EBITDA ~2, and growing annual dividend.