123fahrschule SE

123F

Equity

ISIN DE000A2P4HL9 / Valor 57691276

Xetra (2026-06-26)

EUR 2.58-0.77%

123fahrschule SE
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

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 Services

Key figures

Revenue: EUR 22.8m (2024). EBITDA: ~EUR 0.4m (vs. EUR -0.887m in 2023), implying an EBITDA improvement of ~EUR 1.3m. Sales growth vs. 2023: ~10%. Final consolidated statements due 31 March 2025.

Profitability & cash flow

EBITDA turnaround indicates stronger unit economics and economies of scale in the driving-school business. Operating cash flow rose substantially and is reported to be above the disclosed EBITDA level.

2025 guidance

Management expects consolidated revenues of EUR 28–30m and EBITDA of EUR 1.5–2.5m for 2025, driven by branch expansion and growth in the Simulator Division.

Simulator Division

Early 2025 momentum: a new major international truck-simulator customer and ~EUR 1m of orders in two weeks—exceeding the prior year’s Simulator Division sales. Management expects EUR 2–3m revenue for this division in 2025 with an attractive EBITDA margin; legal changes could further boost demand in 2025–26.

Operations & management

Management team expanded to accelerate profitability and growth. In March, retail executive Marc Nölle will assume responsibility for the driving-school operations (currently ~60 branches); the company targets expansion up to ~200 locations over time.

Financing

To fund software development and simulator investments not fully covered by operating cash flow, the company initiated a convertible bond offering of up to EUR 3,391,485.90 (subscription offer).

Summarized from source with an LLMView Source

Key figures

-32.8%1Y

-59.9%3Y

%5Y

Performance

40.6%1Y

71.2%3Y

65.9%5Y

Volatility