123fahrschule SE Earns "BUY" Rating from NuWays AG

NuWays AG has issued a "BUY" recommendation for 123fahrschule SE, setting a target price of €7.20. The announcement follows promising preliminary H1 figures which indicate a 6% increase in sales, largely driven by the Private Customer segment. Expected sales for H1 are €11.1 million.

Despite this growth, EBITDA is anticipated to be €0.1 million, slightly lower than last year's €0.2 million due to a change in accounting practices. Adjusted EBITDA is expected to be around €0.5 million. These figures are projected to support the investment case, with significant benefits from online theory lessons expected to materialize next year.

123fahrschule is also aiming to enhance efficiency through the use of driving simulators and plans to expand its instructor training centers. The company's proprietary software will further improve its product offerings. Overall, these strategies are set to increase profitability and maintain the company's competitive edge.