Capital increase to prepare for regulatory change; BUY.

Company Presentation – Strategy 2030

FY25p disappoints; balance sheet clean-up resets the base

FY25 guidance miss weighs, but FY26 outlook stabilizes; BUY.

FY26 to be new inflection year amid delayed reform; chg.

Short term market weakness meets scalable platform; BUY.

Long-awaited visibility on reform supports 123fs’ growth case. BUY. 

Ministry proposal clears the way – 123f seen to benefit most

123f issues PW amid pending reform; chg.

123fahrschule lowered FY25 guidance; structural growth intact. BUY. 

Growth driven by branch expansion, mid-term upside intact. BUY. 

Strong H1 were no surprise after preliminary figures

123fahrschule with solid development in Q2; positive stance confirmed. 

Strong Q1 performance confirms positive FY25 trajectory. BUY confirmed.

Superb preliminary Q1 sales and profitability

Buy EUR 7.90 (old: EUR 7.20)

Fresh capital to fuel strong growth & market share gains

123fahrschule with further growth and expanded management team

Convertible Bond and preliminary figures

Update: Amendment to driving school training – Implementation and digitization process continues despite coalition rupture

Improved profitability and strong CFO in Q

123fahrschule reports record sales for Q3 2024 – EBITDA development according to plan

Shaping the digital driving school of tomorrow. BUY confirmed.

Legislation changes to fuel further growth

Federal Ministry of Transport confirms comprehensive amendment to learner driver training

H1 figures released and FY24 guidance confirmed. Remains a BUY. 

Positive momentum & outlook

Final H1 in line with prelims; Capital increase to fuel growth

Semi annual report published

Semiannual Report 2024 (complimentary AI-translated version)

Fresh money for growth. Remains a BUY.

Another sales record in H1

Preliminary H1 in line with estimates

123fahrschule closes the first half of the year with positive EBITDA

H1 prelims to show further operational improvements

Capital increase by 103,186 shares against contribution of a receivable

Capital increase by 92,000 shares against contribution of a claim

mwb Research Hub: Investor call with confirming news; Solid start to the year; BUY

Nuways: Promising acquisition & string start into the year

123fahrschule SE has concluded an agreement to acquire FOERST GmbH, a long-standing manufacturer and developer of driving simulators for driving licence training in Wiehl.

FY ’23: Strong growth and improved profitability; chg. est & PT

FY23 in line with expectations, outlook muted; BUY confirmed 

Annual Report 2023 123fahrschule SE

123fahrschule increases turnover by 23.7 % compared to the previous year to EUR 20,613 thousand

123fahrschule continues positive business performance and also generates positive Group EBITDA in Q3 2023

Semiannual Report 2023

123fahrschule generates a positive Group EBITDA for the first time in H1 2023

The Federal Ministry of Digital Affairs and Transport (BMDV) presents roadmap for online theory — Annual General Meeting supports further strategy of 123fahrschule

123fahrschule announces the approval of the securities information sheet and further details on the implementation of the capital increase resolved by the Management Board with the approval of the Supervisory Board on 26 May 2023.

Capital increase against contribution in kind by 71,334 shares against contribution of a receivable of KlickVentures GmbH against 123fahrschule Holding GmbH amounting to EUR 642,006.00 in the context of the acquisition of FahrerWerk GmbH to 123fahrschule SE with a notional issue price of EUR 9,00 per shares.

123fahrschule successfully closes Q1 – Management Board considers raising further funds

Annual Report 2022 123fahrschule SE

123fahrschule SE announces result of the rights issue against cash contributions resolved on 5 September 2022