123fahrschule SE Announces Convertible Bond and Preliminary Financial Results

123fahrschule SE has decided to issue a convertible bond with a nominal value of up to EUR 3.39 million, with an interest rate of 7.5% per annum. This bond is divided into 1,027,723 notes, each with a conversion right into company shares. Shareholders can subscribe at a price of EUR 3.30 per note. The subscription period is expected to run from January 30 to February 12, 2025. Unsubscribed notes will be available to selected investors through private placement.

The company also revealed preliminary unaudited figures for 2024, reporting record revenue of EUR 22.8 million and an EBITDA of approximately EUR 400,000. This indicates a revenue increase of about 10% compared to 2023. Despite falling slightly short of projections, the improvement in EBITDA highlights better profitability in their core business. These results will be finalized by March 31, 2025.