NuWays keeps 123Fahrschule at Buy, price target EUR 6.1

• NuWays kept a BUY rating on 123Fahrschule, target price EUR 6.1, citing solid preliminary H1 2026 results despite weak demand.
• H1 sales edged up to EUR 13 million; reported EBITDA about EUR 850,000; adjusted EBITDA rose 12% to about EUR 1.1 million.
• Analyst flagged margin upside from a shift to e-learning, with about half of lease contracts already terminated.
• Foerst seen rebounding in H2 on backlog, with simulator demand picking up ahead of regulatory recognition from Jan. 1, 2027.
• FY 2026 EBITDA guidance reaffirmed at EUR 1.5 million to EUR 2.5 million; delivery timing and training unit ramp-up flagged as swing factors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 123Fahrschule SE published the original content used to generate this news brief via EQS News (Ref. ID: rc_26200) on July 17, 2026, and is solely responsible for the information contained therein.