EMCC European Monitoring Centre on Change

AAA Auto

Company/Organisation:
AAA Auto

Geographic Location

Country: Czechia

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
45.1 - Sale of motor vehicles
Number Employed: 1160

Employment Effects

Announcement Date: 27-08-2010
Type of Restructuring: Business expansion
Employment Effect Start: 01-01-2010
Foreseen End Date: 30-06-2010
Planned Job Creation: 200

Additional Information

AAA Auto, one of the largest used car salers in Europe, has announced that it has created 200 jobs in the first six months of 2010. The company, operating in the Czech Republic and Slovakia, reported that it reported sunstantial profits despite the decline in sales. The consolidated net profit of the Group recorded for the first six months of 2010 reached EUR 2.3 million (+232%).