123fahrschule SE
ISIN: DE000A2P4HL9
WKN: A2P4HL
07 November 2024 01:31PM

EQS-News: 123fahrschule: Implementation and digitization process continues despite coalition rupture

123fahrschule SE · ISIN: DE000A2P4HL9 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2025119

EQS-News: 123fahrschule SE / Key word(s): Legal Matter
123fahrschule: Implementation and digitization process continues despite coalition rupture

07.11.2024 / 13:31 CET/CEST
The issuer is solely responsible for the content of this announcement.


Update: Amendment to driving school training

Implementation and digitization process continues despite coalition rupture

   Cologne, November 07, 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 and digital training concepts, announces the unchanged implementation of the amendment to driving school training announced by the BMDV.

According to the latest information, the government crisis that occurred yesterday evening will not affect the content of the announced amendment to driving school training. In a presentation on October 14, the Federal Ministry for Digital and Transport (BMDV) presented numerous changes to driving school training to the industry. These changes will be implemented almost exclusively at the level of an ordinance and therefore only require the approval of the Federal Council (Bundesrat). As new elections do not restrict the work of the Federal Council (Bundesrat) and the content was agreed across party lines at the Transport Ministers' Conference on 9/10 October 2024, the coalition break is not expected to slow down implementation. Changes to the content as a result of a change of government are unlikely - especially because Florian Müller (CDU), a member of the Bundestag, introduced the issue of "high driving license costs" to the Bundestag.

Boris Polenske, CEO of 123fahrschule, comments: "I think all parties agree that German citizens urgently need relief. The amendment to driving school training gives the industry the opportunity to reduce driving license costs by up to 1,000 euros. With around 1 million driving licenses per year, this means a reduction of 1 billion euros per year. We expressly welcome the fact that Mr. Wissing will remain on board as Minister of Transport and will assume his responsibility towards the citizens of Germany. We are pleased that the necessary ministerial decisions for the upcoming amendment can thus be implemented before the end of this legislative period."

 

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About 123fahrschule SE 

123fahrschule SE (primary market Düsseldorf, ISIN: DE000A2P4HL9, ticker symbol: 123F) is a digitally driven driving school chain founded in 2016 under the name 123fahrschule Holding GmbH with a focus on e-learning. 123fahrschule SE specializes in the digital expansion of traditional driving license training in the German

driving school market. The company's core competence lies in the digitally supported training of private individuals for the driving license category in the B segment. With more than 60 locations nationwide, 123fahrschule is already the largest driving school chain in the B segment and plans to expand further to up to 200 locations in the coming years. More at https://www.123fahrschule.de/



07.11.2024 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.

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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: 2025119

 
End of News EQS News Service

2025119  07.11.2024 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

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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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