Boho Group (BOHO) Q4 2024 earnings summary

Executive summary

• Core business sales grew 37% in Q4 2024 year-over-year, with full-year growth at 12%, surpassing the 10% target.

• Boho Club reached over SEK 100 million in annual revenue for the first time, with EBITDA up 36% to SEK 19.7 million and a 19% margin.

• Net income for FY 2024 was SEK -44.7 million, down from SEK 6.6 million in 2023, mainly due to lower property sales and one-off gains in 2023.

• Strategic progress includes a 5% property value increase and preliminary approval for major expansion at the Marbella site.

Financial highlights

• Q4 2024 operator revenues: SEK 21.7 million (up 37% YoY); property sales: SEK 5.0 million (vs. SEK 131.8 million in Q4 2023).

• FY 2024 operator revenues: SEK 104.8 million (up 5% YoY); property sales: SEK 59.5 million (vs. SEK 230.4 million in 2023).

• Q4 EBITDA: SEK -11.4 million (adjusted, similar to Q4 2023); FY EBITDA: SEK -5.8 million (adjusted, improved from SEK -12.4 million in 2023).

• Q4 net loss: SEK -16.9 million (vs. SEK 28.8 million profit in Q4 2023); FY net loss: SEK -44.7 million (vs. SEK 6.6 million profit in 2023).

• Earnings per share FY 2024: SEK -0.77 (vs. SEK 0.11 in 2023).

Outlook and guidance

• Management targets continued strong growth in sales and EBITDA for 2025, with expansion plans for Boho Club.

• Expectation of tangible results from reduced financing costs and streamlined overheads in Q1 2025.