Aktieanalys

NoHo Partners: Market consolidation continues - Nordea

Nordea Publicerad: 28 Mar 2023 07:35

NoHo Partners announced that it will acquire three well-known nightclubs in the Helsinki downtown area, making it the market leader in Finland's largest entertainment market, with around EUR 25m in annual sales. NoHo's ownership in subsidiary-owning restaurants is 60%. Overall, market demand has remained favourable in Q1. NoHo's January sales were EUR 22.7m, up 23% from January 2020. Based on Nordea card data, the Finnish restaurant market growth was ~16% in February compared to February 2020. Owing to the solid market demand and normalising debt levels, we expect further bolt-on acquisitions and find the company's 2024 targets reachable. We derive a DCF- and SOTP-based fair value range of EUR 11.2-14.1 (10.8-13.6). Marketing material commissioned by NoHo Partners.

Länk till analysen i sin helhet: https://research.nordea.com/api/reportfileapi?id=830185

Nyheter om NoHo Partners

Läses av andra just nu

Innehåller annonslänkar. Investeringar innebär risk (se här)

Tips: 50% rabatt hos fondroboten Opti

Dags att komma igång med sparande? Fondroboten Opti erbjuder en populär spartjänst som är perfekt för regelbundet månadssparande. Just nu får nya kunder som använder Börskollens unika kampanjkod BORSKOLLEN50 automatiskt 50 % rabatt på Optis avgift i 3 månader!