If anyone is interested in OP’s latest thoughts on NoHo in the form of an earnings preview, they can be found on this page.
Recovery in demand in Finland is likely still pending: In the main Finnish market, we estimate that the operating environment has remained challenging in Q1. Consumer confidence turned weaker again in January–March, after having gradually strengthened during the latter part of 2025.
We expect international revenue to have grown more significantly than in Finland during Q1, driven especially by organic growth in Denmark and the Halifax Burgers acquisition. For Norway, we expect revenue to be roughly in line with the comparison period. The progress of profitability turnaround measures in Norway is one of the report’s interesting points following the emerging signs of a turnaround in the previous quarter.