Aktuellt
SENASTE
Rising COVID-19 cases have prompted governments to impose stricter restrictions on restaurants. After new restrictions in Finland, NoHo initiated new co-operation negotiations and now expects sales to be down 30-50% y/y in Q4. The company should maintain positive operating cash flow even in the current situation, while possible government support could offer some relief. Despite the worsening operating environment, we think the company is in a much better state than it was in the spring, with a good cash position and more agile operations. However, there is a prevailing risk of a dilutive share issue, as the company needs to be refinanced in Q1 2021 at the latest.
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