The Company's plan to continue to grow the business with more properties that can be operated and developed under the Boho Club brand remains intact. The efficiency improvements are mainly due to savings associated with the more focused organisation that the Company has today, following the reduction in the number of business units, as well as the review and renegotiation of certain contracts. The leaner structure is expected to generate positive operating income in 2025.

To further strengthen the Company's long-term competitiveness and profitability, Boho Group will also focus on improving digital solutions and customer experience, as well as optimising the operations of existing businesses. These actions, combined with planned efficiency plans, are expected to create a more agile and sustainable organisation that is better prepared for future challenges and opportunities.

We see great potential in Boho Club and the direction we have chosen for the future. By continuing to focus on our core business and streamlining our cost structure, we are confident that we can create long-term value for both our customers and shareholders,' says Andreas Bonnier, CEO of Boho Group.