123fahrschule SE
ISIN: DE000A2P4HL9
WKN: A2P4HL
23 July 2024 08:15AM

EQS-News: 123fahrschule closes the first half of 2023 with sales of EUR 11 million and an adjusted preliminary EBITDA of EUR 0.5 million.

123fahrschule SE · ISIN: DE000A2P4HL9 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1951495

EQS-News: 123fahrschule SE / Key word(s): Half Year Results/Preliminary Results
123fahrschule closes the first half of 2023 with sales of EUR 11 million and an adjusted preliminary EBITDA of EUR 0.5 million.

23.07.2024 / 08:15 CET/CEST
The issuer is solely responsible for the content of this announcement.


123fahrschule closes the first half of 2023 with sales of EUR 11 million and an adjusted preliminary EBITDA of EUR 0.5 million.  

Cologne, 23 July 2024 - 123fahrschule SE (ISIN: DE000A2P4HL9; ticker symbol: 123F, primary market Düsseldorf Stock Exchange), a digitally driven driving school chain in Germany with a focus on e-learning, reports a positive business performance in the first half of 2024.

With sales of EUR 11 million, the company set another sales record and thus slightly increased sales compared to the same period of the previous year. In the 2024 financial year, the focus will remain on positive EBITDA and a positive cash flow for the year as a whole.

EBITDA for the first half of the year amounts to EUR 0.09 million, but cannot be compared with the previous year's figure of EUR 0.19 million in the first half of 2023, as the first half of 2024 was characterised by numerous accounting changes that make a comparison during the year difficult.

These changes related to optimizations in the accounting system, which improved accruals during the year in the first half of 2024. This measure will improve the strongly negative EBITDA in the individual month of December in recent years from 2024. In addition, customer receivables were written off at an accelerated rate at individual value level in the first quarter of 2024 due to the change and streamlining of the collection process. Under the old process, these would not have been recognized in profit or loss until 2025 at the earliest. The provisional EBITDA adjusted for these one-off factors is around EUR 0.5 million.

The company expects to achieve EBITDA of at least EUR 0.5 million (adjusted: EUR 1 million) in 2024 as a whole.

In order to achieve further growth in terms of sales and earnings, the Management Board is planning to open additional locations in Berlin, Cologne and Hamburg, where the company has been particularly successful in recent months and can optimally utilize its digital expertise. Experience has shown that, especially in cities with existing locations, opening new stores and thus increasing the density of the store network is the most favourable way to expand, increase sales and expand market share. To finance this expansion, we are currently considering carrying out a cash capital increase excluding subscription rights up to a maximum of 10% of the existing share capital. These considerations are to be finalized in the coming weeks following the evaluation of existing location options and determination of the associated liquidity requirements, depending on the market environment and investor interest.

 

__________________________________________________________________________  

123fahrschule SE 

 

Your contact person: Boris Polenske 

Tel: 0221-177357-60 | ir@123fahrschule.de | www.123fahrschule.de/investor-relations



23.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: 123fahrschule SE
Klopstockstr. 1
50968 Köln
Germany
Phone: 0221-177357-0
E-mail: ir@123fahrschule.de
Internet: www.123fahrschule.de
ISIN: DE000A2P4HL9
WKN: A2P4HL
Listed: Regulated Unofficial Market in Dusseldorf
EQS News ID: 1951495

 
End of News EQS News Service

1951495  23.07.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 1,40 3,90 4,27 7,76 16,67 20,61 0,00
EBITDA1,2 -2,40 -3,10 -2,18 -3,79 -2,66 -0,89 0,00
EBITDA-Margin3 -171,43 -79,49 -51,05 -48,84 -15,96 -4,32 0,00
EBIT1,4 -2,60 -3,30 -2,86 -5,74 -5,63 -4,31 0,00
EBIT-Margin5 -185,71 -84,62 -66,98 -73,97 -33,77 -20,91 0,00
Net Profit (Loss)1 -2,04 -2,89 -1,99 -4,48 -4,38 -3,91 0,00
Net-Margin6 -145,71 -74,10 -46,60 -57,73 -26,28 -18,97 0,00
Cashflow1,7 -1,80 -2,68 1,81 -6,96 -2,77 0,39 0,00
Earnings per share8 -1,12 -1,59 -0,82 -1,85 -1,41 -0,80 -0,41
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Morison Köln

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
123fahrschule
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A2P4HL DE000A2P4HL9 SE 13,78 Mio € 14.10.2020 Kaufen 9F28WX69+F9
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
0,00 0,00 0,00 -2,17 0,84 35,62 0,67
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
06.05.2025 23.07.2024 06.11.2024 31.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-3,13%
2,48 €
ATH 17,60 €
-10,89% -11,08% +1,64% +0,81% +125,45%

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