Brief: 123fahrschule adjusts earnings forecast for the full year 2021

123fahrschule SE

02/02/2022 06:19

Feb 2 (Reuters) - 123FAHRSCHULE SE  123F.DE :
    * ANNOUNCED ON TUESDAY THEY EXPECTED A NET LOSS INCL.
SPECIAL
EXPENSES AT EUR -4.3 MILLION ACCORDING TO PRELIMINARY FIGURES
    * TURNOVER SIGNIFICANTLY IMPROVED AS EXPECTED TO AN
ESTIMATED EUR
7.8 MILLION
    * REASON FOR THE REDUCTION IN THE EARNINGS FORECAST IS, IN
ADDITION TO AN ALREADY COMMUNICATED GOODWILL IMPAIRMENT ON THE
HOLDING COMPANY, IN PARTICULAR EXTRAORDINARY EXPENSES DUE TO
HIGH CAPITAL MARKET AND CONSULTING COSTS, WHICH WERE INCURRED IN
THE COURSE OF THE IMPLEMENTED CAPITAL MEASURES AND THE STRONG
EXPANSION OF THE GROUP, ESPECIALLY IN THE SECOND HALF OF LAST
YEAR
    * IN ADDITION, THE RECENT SIGNIFICANT INCREASE IN ENERGY
PRICES
AND THE INTEGRATION COSTS OF THE NEW DRIVING SCHOOLS HAVE A
NEGATIVE IMPACT ON THE GROUP'S ANNUAL RESULT

 Further company coverage:  123F.DE  

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