ADAC threatened according to the report this year million loss – donaukurier.de

The ADAC threatened according to a report this year a decline in the millions. For 2016, the automobile club go from a “loss in the low double-digit millions” of

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the ADAC threatened according to a report this year a decline in the millions. For 2016, the automobile club go from a “loss in the low double-digit millions” out, citing the “Bild am Sonntag” from the confidential financial statements of the largest European car clubs. Accordingly, the ADAC suffered last year a massive drop in profits by more than 75 percent to four million euros.

According to the report, in particular the core business “Members Services” ran, which include for instance the breakdown assistance or legal advice include, significantly worse. After a year profit of 1.2 million there was here in 2015 a loss of 29.9 million euros. In addition, the personnel costs have increased significantly

A spokesman for ADAC president August Markl declined to comment with respect to the “Bild am Sonntag” and referred to the Financial News Conference in May

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Berlin (AFP)