On-line vehicle auction company Autorola has announced profits of 2 million Euros for the last 6 months of 2009. This is the best half year performance in the group’s history. The profit level exceeds the amount made during the whole of the 2008-2009 financial year. Return on capital for the period was 33.7%, up from 12.1% the previous year. Commenting on these results, CFO/COO Claus Moltrup said: “The good result is due to the fact that all employees in all countries have performed extremely well. This means that most out of our 14 subsidiaries are making a profit at this point. We are now benefiting from the investments we made in the past year. The European leasing companies and financing companies have really started using us to sell their used cars, and because of the financial crisis the used cars have been in high demand.” Autorola Group Holding employs 230 and operates in 36 countries in Europe and Australia.

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