Brief: 123Fahrschule SE FY Net Loss At EUR 4.3 Mln

123fahrschule SE

28/02/2022 05:54

Feb 28 (Reuters) - 123FAHRSCHULE SE  123F.DE :
    * 123FAHRSCHULE SE INCREASES SALES REVENUES TO EUR 7.8
MILLION IN
THE 2021 FINANCIAL YEAR
    * COMPANY ACHIEVED REVENUE GROWTH OF 82% TO EUR 7.8 MILLION
IN THE
PAST FINANCIAL YEAR (2020 PRO FORMA: EUR 4.3 MILLION)
    * FY EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND
AMORTISATION (EBITDA) WERE EUR -3.8 MILLION (2020: PRO FORMA:
EUR -2.2 MILLION)
    * NET LOSS FOR THE YEAR AMOUNTED TO EUR -4.3 MILLION (2020
PRO
FORMA: EUR -2.0 MILLION)
    * SAYS REASON FOR THE REDUCTION IN THE EARNINGS FORECAST IS,
IN
ADDITION TO A 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
CAPITAL MEASURES IMPLEMENTED AND THE STRONG EXPANSION OF THE
GROUP, ESPECIALLY IN THE SECOND HALF OF LAST YEAR

Source text for Eikon:  ID:nEQ8r83RWa 
Further company coverage:  123F.DE 

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