NoHo Partners achieved a record-breaking result in May – operational EBITDA exceeded MEUR 5.5

NoHo Partners Plc INVESTOR NEWS 14 June 2022 at 11:15 a.m. NoHo Partners achieved a record-breaking result in May – operational EBITDA exceeded MEUR 5.5NoHo Partners Plc's operational EBITDA for May 2022 exceeded MEUR 5.5 (approx. 17 % of turnover), while turnover exceeded MEUR 33. Turnover grew by 208 per cent compared to the corresponding period in 2021 and by 52 per cent compared to the corresponding period in 2019, before the COVID-19 pandemic.NoHo Partners CEOAku Vikström:...

Tampere, 14/06/2022 (informazione.news - comunicati stampa - turismo)

NoHo Partners Plc

INVESTOR NEWS 14 June 2022 at 11:15 a.m.



NoHo Partners Plc's operational EBITDA for May 2022 exceeded MEUR 5.5 (approx. 17 % of turnover), while turnover exceeded MEUR 33. Turnover grew by 208 per cent compared to the corresponding period in 2021 and by 52 per cent compared to the corresponding period in 2019, before the COVID-19 pandemic.

NoHo Partners CEO

“Our result for May is excellent from every perspective. Nokia Arena and the Ice Hockey World Championships held in Tampere had an obvious impact on our result by contributing approximately MEUR 5.7 to our turnover for the period, but the EBITDA of our normal business operations was also excellent at approximately MEUR 4.5 (approx. 16 % of turnover). The positive development of our profitability reflects the determined efforts of our team during the COVID-19 pandemic and the current high demand for restaurant services. May was our third consecutive month of recording an EBITDA of around 15 %, which means we are making swift progress towards our profitability targets.

For June, we expect turnover to amount to approximately MEUR 27–30 and operational EBITDA to be approximately MEUR 3.5–4.5. Weather is always a significant factor in business forecasts for the month of June, as restaurants' outdoor terrace sales can have a large relative effect on performance. On the whole, I expect to see robust performance for Q2 and, thanks to the strong potential of our entertainment venues, the outlook for the rest of the summer season is fairly positive.”

The development of business in June 2022 will be reported by the company during week 28. After that, the company will discontinue monthly reporting on business development and publish financial information on a quarterly basis.


Aku Vikström, CEO, NoHo Partners Plc, tel. +358 44 235 7817
Jarno Suominen, Deputy CEO, NoHo Partners Plc, tel. +358 40 721 5655


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