Company Name: 123fahrschule SE ISIN: DE000A2P4HL9   Reason for the research: Update Recommendation: Buy from: 07.11.2024 Target price: EUR 7.20 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald Improved profitability and strong CFO in Q3 123f published a strong set of preliminary Q3 results, sho [ … ]

Promising acquisition & strong start into the year 123fahrschule announced an agreement to acquire Foerst GmbH, a manufacturer of driving simulators for cars, trucks, and buses, which are primarily used for driver education. The acquisition price, a mid-six-figure amount (eNuW: € 500k; c. 0.5x act. EV/sales), will be paid fully or part [ … ]

FY ’23: Strong growth and improved profitability; chg. est & PT Last week, 123fahrschule published a sound set of FY ‘23 results. Total sales increased by 24% yoy, coming in at € 20.6m (eNuW: € 20.2m; eCons: € 21.0m). In spite of a slight decrease in the number of private customer registrations, sales growth was s [ … ]

Topic: 123fahrschule looks set to report a decent set of FY ’23 figures in Q1. Here is what investors can expect from the release: After a strong first nine months, we expect the company to keep up the momentum and report an increase in total sales by 21% yoy to € 20.2m (eNuW; eCons: € 20.9m), driven by strong growth of the Priv [ … ]

Sound Q3 confirms positive momentum 123fahrschule published a sound set of Q3 results, showing continuous top-line growth and a significantly improved profitability. Here are the key takeaways: Q3 sales increased by 23% yoy to € 5.2m (eNuW: € 5.1m) driven by a significantly increased number of overall driving lessons (+19% to 146k)  [ … ]