DGAP-News

123fahrschule starts the implementation of the direct resolution of the Annual General Meeting - Seite 2

 

By intelligently expanding its acquisition strategy, the company plans to reduce the liquidity burden on the buyer's side in future acquisitions by means of seller financing attractive for both sides. In addition, the Executive Board is considering entering into majority shareholdings in new core regions in the future, in which the former owner shall retain a significant stake in the acquired company and thus participate in the growth of the region.

 

The company also reports a recently concluded, very successful month of August. August 2022 showed the second best registration numbers, best cash inflow, best turnover and second best value of driving hours delivered in the company's history. The best value of driving hours was achieved in March 2022, the month in which the company was able to achieve a positive EBITDA for the first time. Based on preliminary figures, the Executive Board assumes that a nearly positive EBITDA was also achieved in August 2022 and that this development will continue in the following months – subject to external influences from Corona or the energy crisis.

 

In addition to the operating business, the continuous development of the 123fahrschule technology is also the focus of activities. In recent months, considerable improvements have been made to the app and the backend systems, which have led to a significant improvement in the internet ratings on Google, Trustpilot and in app stores. The internally determined NPS score is currently 68 and is to be successively improved in the future.

 

The further development steps planned for this in 2022 will create the basis for a significant increase in the level of digitalization and automation in 2023, which should once again significantly reduce the general administrative costs in the future. In particular, the stronger digitalization is intended to make the training process more efficient and plannable for the student in order to achieve greater customer satisfaction, a higher NPS score and thus a steadily increasing recommendation rate.