123fahrschule SE to Gain from New Driving Licence Reforms

The German Ministry of Transport has proposed significant reforms to driving school training, aiming to make obtaining a driving licence more affordable. This includes the full digitalisation of theory lessons, integration of simulators into practical training, and reduced bureaucracy. The legal implementation is expected in the first half of 2026.

123fahrschule SE is poised to benefit from these reforms, having invested in digital platforms and simulators. The company can expand its reach and improve sales margins, anticipating increased demand as legal clarity encourages students to enroll.

The reforms may challenge smaller competitors lacking digital resources, while 123f's strategic preparations place it in a strong position. The company maintains its BUY rating with a target price of €7.40, expecting growth and improved margins.