Operating cash flow increased by 36.6% to MEUR 7.5 (MEUR 5.5).Earnings per share were EUR 0.04 (EUR 0.01), an increase of 323.3%.The result for the financial period was MEUR 1.3 (MEUR 0.4), an increase of 200.5%.The EBIT percentage was 6.4% (5.2%), an increase of 21.8%.EBIT increased by 34.5% to MEUR 3.9 (MEUR 2.9).Turnover increased by 10.5% to MEUR 61.9 (MEUR 56.0).Based on consumer demand and the good advance booking situation of the Group’s restaurants, NoHo Partners estimates that turnover for the final quarter of the year 2021 will be approximately MEUR 70 and operating cash flow will exceed MEUR 10. Turnover in October 2021 exceeded the level of October 2019 and operating cash flow doubled compared to the reference period in 2019 and exceeded MEUR 3. EBIT amounted to MEUR 3.9 representing 6.4 per cent of turnover. Operating cash flow was positive in each month and totalled approximately MEUR 7.5 for the review period. Turnover in July-September 2021 grew by 10 per cent year-on-year and amounted to more than 80 per cent of the turnover in the pre-pandemic comparison period in 2019.
As restrictions were gradually lifted, customer demand recovered quickly in all of the Group’s operating countries. NoHo Partners Plc INTERIM REPORT 9 November 2021 at 8:15 NOHO PARTNERS PLC’S INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2021 EBIT turned positive – a strong outlook for the rest of the year NoHo Partners achieved a good result in the third quarter of 2021 in spite of the restaurant restrictions that were in effect.
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