The Michelin three-star Copenhagen restaurant lost about $240,000 despite receiving government aid.
received 10.9 million kroner, or about $1.5 million, in pandemic support from the Danish government.
In its 2021 financial report, the restaurant took an optimistic view of its performance. “In the circumstances, the company’s result and economic development have been satisfying,” it said. “The company expects an improved result for the year ahead.”Photo: courtesy Noma Projects The losses occurred despite the fact the restaurant can command 5,000 kroner—or a little more than $700—per person. But Denmark imposed coronavirus lockdowns during parts of 2021, so the restaurant wasn’t able to fully operate as it usually does. However, the pandemic has caused many establishments to look at their business model anew. And so part of Redzepi and Co.
Noma was last unprofitable in 2017, when Redzepi closed the restaurant for about a year to build out its new location. It’s also planning to temporarily shut down its Copenhagen location this year while it travels to other countries before returning in 2023, Bloomberg noted.Despite the negative cashflow, Noma still remains one of the most notable restaurants in the world. It introduced New Nordic cuisine to gastronomes everywhere, and has taken home the No.
. In accepting the 2021 honor, Redzepi said, “If the pandemic has taught us anything is how fragile our dreams can be; how grueling this industry can be.” Unfortunately Noma’s recent losses only underscore his point.
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