123fahrschule SE Reports Strong FY24 Results

123fahrschule SE released robust financial results for FY24, reporting a slight sales dip but an increase in EBITDA compared to preliminary figures. FY24 sales reached €22.5 million, marking a 9.2% year-over-year growth. The Private Customers segment, driving sales, grew by 11.1% to €17.3 million due to price and volume effects. However, the Professional Driver Segment saw a decline of 17.5% to €1.9 million.

For the first time, 123fahrschule SE's EBITDA turned positive, reaching €0.5 million, highlighting operational improvements. Additionally, operating cash flow increased to €1.3 million, demonstrating strong cash generation capabilities. The company plans to expand its branch network from 57 to 70 by the end of 2025.

Looking forward, 123fahrschule SE is poised to benefit from regulatory changes, enabling sales predictions of €27-29 million. The simulator segment, especially strong in the truck segment, supports this outlook. The recommendation to "BUY" remains, with a target price increase to €7.90.