123fahrschule SE
123F
ISIN DE000A2P4HL9 / Valor 57691276
123fahrschule SE
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About company
123fahrschule SE is a driving school company that has modernized the traditional approach to driver education through digitalization. With over 60 locations across Germany, the company offers a wide range of driver training courses, including intensive courses for new drivers and specialized training for different vehicle classes such as cars, motorcycles, and trucks. 123fahrschule SE distinguishes itself by leveraging technology to facilitate the learning process, allowing students to manage their driving education via an app that encompasses all aspects of their training, from theory to practice. This approach not only aims to make obtaining a driver's license more accessible and efficient but also caters to the needs of a diverse student base by providing flexible learning options. The company's innovative use of digital tools and its commitment to high-quality instruction with a modern fleet of vehicles underscore its position as a leading driving school in Germany.
Summarized from source with an LLMView SourceSector: Business ServicesLatest Results (23.12.2025):
This summary covers 123fahrschule SE's latest published results for Q4 / full‑year 2023 (FY 2023). The Group reported revenue growth to EUR 20.613m (+23.7% YoY) but remained loss‑making at the consolidated level: EBITDA improved materially versus 2022 to EUR -0.887m and the consolidated net loss was EUR -3.907m. Liquidity was strengthened by multiple capital increases during 2023 while the company focuses 2024 on internal cost, digital and operational improvements with a target of returning to positive cash flow and EBITDA.
Top‑line and profitability
Revenue: EUR 20,613k in 2023 (+23.7% YoY). Consolidated EBITDA: EUR -887k (improved ~66.8% vs prior year). Adjusted EBITDA (management adjustments) ranged from EUR -667k to EUR -267k depending on adjustments. Consolidated net loss: EUR -3,907k.
Operating performance & KPIs
Operating companies (regional driving schools and training centers) delivered aggregated EBITDA of kEUR 2,424 (prior year kEUR 824). Driving hours: ~182k (+12.3% vs prior year). Registrations: ~9k (slightly down). Driving instructors on staff: 150 as at 31.12.2023. NPS improved to 73 (Dec 2023) from 62 a year earlier.
Balance sheet & cash
Total assets: EUR 26,299k at 31.12.2023. Non‑current assets: EUR 15,601k. Deferred tax assets: EUR 3,523k. Cash and cash equivalents: EUR 745k (prior year EUR 335k). Personnel expenses: EUR 13,659k; headcount rose from 249 to 274.
Capital and financing actions
Management completed several capital raises in 2023 (including placements issued mid‑year and in Q4) to secure liquidity. These equity measures were used to fund operations and planned investments in IT and scalability.
Strategy, digitalisation & outlook
Strategy is focused on digitalisation, automation and process optimisation (proprietary apps/CRM/IT stack) and expansion of the professional driver/ instructor training segments. Management expects the full effect of 2023 optimisation measures to support better earnings in 2024 and targets positive cash flow and EBITDA. Potential regulatory changes (permanent approval for online theory from 2025) are seen as a material growth opportunity.
Main risks
Key risks cited: continued macro uncertainty and inflation, shortage of qualified driving instructors, IT/operational disruption risk, and the need to maintain financing discipline. Acquisition integration and retention of staff at acquired locations are additional execution risks.
Summarized from source with an LLMView SourceKey figures
Performance
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20 M
Market cap (USD)
Daily traded volume (Shares)
2.48 / 2.42
1 day high/low (USD)
52 weeks high/low (USD)
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