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 (21.03.2026):
123fahrschule SE — preliminary full-year results for 2024 (reported Jan 27, 2025; covering FY2024 / Q4 2024): the company reports record revenue of EUR 22.8 million and an EBITDA turnaround to about EUR 0.4 million, marking continued organic growth and improving profitability ahead of the final audited statements due March 31, 2025.
Revenue
Revenue: EUR 22.8 million in 2024, roughly +10% versus 2023. Management says the increase was largely organic; three new stores opened in H2 2024 had no significant sales impact yet.
Profitability (EBITDA)
EBITDA improved to ~EUR 400 thousand in 2024, a positive swing of ~EUR 1.3 million versus 2023 (2023: EUR -887k), indicating continuous margin improvement and benefits from economies of scale.
Operating cash flow
Cash flow from operating activities rose significantly and is reported to be above the reported EBITDA, supporting improved cash generation from operations.
2025 guidance
Management guidance for 2025: consolidated revenue EUR 28–30 million and EBITDA EUR 1.5–2.5 million, driven by branch expansion (Berlin, Hamburg, Cologne) and growth in the Simulator Division.
Simulator Division
Early 2025 momentum: new major international truck-simulator customer and additional domestic orders generated about EUR 1 million of new orders in two weeks—already exceeding the Simulator Division’s prior-year sales. Management expects EUR 2–3 million revenue from this division in 2025 with an attractive EBITDA margin if trends continue.
Network and operations
Current footprint: ~60 branches nationwide (largest B-segment chain in Germany). Longer-term target to expand to ~200 locations. Operational measures to improve profitability will be rolled out under new retail management.
Management changes
Executive team strengthened: CEO Boris Polenske broadened Marketing & Sales leadership and in March will appoint retail expert Marc Nölle to run driving school operations and the 60 branches, aiming to lift profitability via operational optimization.
Financing / investments
To fund software development and simulator investments, the company initiated a convertible bond offering of up to EUR 3,391,485.90; management notes planned investments are not yet fully covered by operating cash flow.
Reporting status / next steps
Figures are preliminary and unaudited; final consolidated financial statements for 2024 to be published on March 31, 2025. Management highlights forward-looking risks and assumptions in the release.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
20 M
Market cap (USD)
5,235
Daily traded volume (Shares)
2.48 / 2.42
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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