SPACES thatcare for PEOPLE

Active Property management
Boho Group creates long-term value through active property development and management, with a focus on luxury hotels and restaurants under our own brand, Boho Club. Our business model combines premium accommodations with exclusive culinary experiences, offering a comprehensive solution for our guests.
Based in Spain and rooted in Nordic design tradition, our parent company is listed on Nasdaq First North in Stockholm, providing investors with easy access to our growing market segment on the Spanish Costa del Sol.
This version emphasizes both property development and hotel operations, aligning more closely with Boho Group’s brand and focus.

CEO message
Dear Shareholders,
The third quarter is always a busy period for us at Boho Group, and this year it has certainly proven to be our most important quarter. During the summer months, we experienced a large influx of guests, and our ability to manage these volumes has been crucial to reach our high sales targets. I am proud to see that our organization has held its own at all levels and withstood the strains of a fully booked Boho Club. Thanks to our focus on efficiency, we have managed to improve our EBITDA by a full 31% compared to last year, and we are now seeing a rolling EBITDA margin of 20%, up from 14% last quarter.
CEO
Message
The third quarter is always a busy period for us at Boho Group, and this year it has certainly proven to be our most important quarter. During the summer months, we experienced a large influx of guests, and our ability to manage these volumes has been crucial to reach our high sales targets. I am proud to see that our organization has held its own at all levels and withstood the strains of a fully booked Boho Club. Thanks to our focus on efficiency, we have managed to improve our EBITDA by a full 31% compared to last year, and we are now seeing a rolling EBITDA margin of 20%, up from 14% last quarter.
We have also seen great success with the launch of Bohi’s bar and the opening of the Ashiana Wellness Center. The reception has been very positive, showing that these new investments, which had a negative impact on cash flow in the quarter, will strengthen our sales going forward and further improve the customer experience. These investments are examples of how we continuously work to create a complete experience for our guests and strengthen Boho Club as a brand.
The plots at our luxury hotel Boho Club in Marbella have great potential for greatly increased building rights. We have worked intensively and in close cooperation with the municipality of Marbella and the Junta de Andalucía to plan our plots in detail in order to enable the construction of approximately 28,400 m² of hotel space. During the third quarter, the process has taken major steps forward. In a technically complex process, administrative deadlines and urban objectives have been met.
This expansion is an important part of our long-term value growth, where we estimate that the value of the new building rights corresponds to approximately SEK 15 per ordinary share when detailed planning is obtained. There will also be additional value through, among other things, the design and development of the project. We hope to be able to return with more updates in the near future.
As we enter the off-season, we continue with the same commitment and passion to develop Boho Group. The focus will be on preparing for next year’s summer season by expanding our restaurant offering and strengthening our position locally as well as exploring opportunities in other markets. Marbella is a strong and attractive destination, and Boho Club is ready to grow further and consolidate its place as a world-class destination.
Yours sincerely,
Andreas Bonnier
CEO Boho Group

FINANCIAL calender
20 Feb
Year-end report 2024
8 May
Annual report 2024
15 May
Interim report Jan-Mar
5th June
Annual General Meeting
18 July
Interim report Apr-Jun
7 Nov
Interim report Jul-Sep
19 Feb 2026
Year-end report


Boho Club is an award-winning and exclusive boutique hotel located in the heart of Marbella, on the renowned Golden Mile. With an elegant resort ambiance and a club mentality, Boho Club offers a unique experience where the comfort and familiarity of home meet the top-tier service of a luxury hotel. The hotel, which was named Spain’s Best Luxury Boutique Hotel in 2021, consists of 40 rooms, each accommodating 2 to 4 guests. Its distinctive design has received multiple accolades, and the Michelin-recommended restaurant adds to the exclusive atmosphere.