Deloitte in Switzerland reports strong 11% growth

Deloitte in Switzerland reports its financial results for year ending 31 May 2013.

Deloitte, one of the leading accounting, advisory and consulting companies in Switzerland, has reported gross revenues of 377 million CHF for the year ending 31 May 2013, an 11% increase on the previous year 340 million CHF (for year ending 31 May 2012).

Howard Lovell, CEO, commented: “This is a great performance for our firm in what continues to be an uncertain economic environment. We are continuing to invest heavily in our talent, quality, training and research, in order to further enhance and extend the services we offer our clients.”

This double digit growth is just one part of Deloitte’s successes.

• The Deloitte Audit practice continues to strengthen its capabilities and reported significant wins in the Swiss market.
• The Deloitte Tax practice has been awarded the “Swiss Tax Firm of the Year”- award by the International Tax Review. Deloitte has continuously expanded its tax advisory service in Switzerland since 2006.
• The Deloitte Consulting practice has developed into one of the top three consulting providers in Switzerland. The practice has grown from 50 to 300 consultants within the last 5 years, including the successful integration of the Monitor strategy consulting practice in Switzerland at the beginning of 2013.
• The Deloitte Corporate Finance business has doubled in size in the last two years, and has achieved an undisputed market leading position in Forensics.

CEO Howard Lovell: “As a business leader it is crucial to me that Deloitte plays a role in driving economic growth in Switzerland. I am proud of the fact that we are heavily investing in local skills and talent and we will continue to build our organisation for the future and for the benefit of our clients.”

Our business performance

Deloitte continues to be one of the fastest growing professional services firms in Switzerland. The company reported gross revenues of 377 Million CHF for the year ending 31 May 2013, an 11% increase on the 340 Million CHF revenue in year 2012.

Bob Warburton, COO: “With this result, we continue our impressive growth story of the last years. I am proud that all four business units – Audit, Tax, Consulting and Corporate Finance – reported growth. A special success is the double digit growth of our Consulting practice.”

Our investment in our talent

Deloitte promoted and hired 15 new partners in FY 13 taking the total number in the firm to 90 partners. At the same time, the firm recruited 134 graduates helping them on the route to a professional degree level qualification and starting their career at Deloitte. Over 500 trainings were offered and up to 150’000 hours spent for learning and development. The “Health and Wellbeing Programme” – consisting of wellbeing and health offers and initiatives for Deloitte employees – was also launched successfully.

Looking ahead, Deloitte is planning to offer around 150 entry level places for students and graduates for the upcoming fiscal year.

Our commitment to sustainability

Deloitte is proud that the new SP5 building, part of Deloitte’s office headquarters in Zurich, is one of the first buildings in Switzerland to have achieved the prestigious LEED Platinum certificate. LEED is a globally-recognized rating from the U.S. Green Building Council which demonstrates that Deloitte’s new office has been designed and constructed to the highest environmental standards.

Our dedication to Switzerland

Howard Lovell commented: “We help our clients address some of the biggest and most critical projects in today’s business world, unlock opportunities and achieve sustainable growth. Deloitte has an exceptional offer for our clients – due to our in-depth local strength and the vast capabilities of our global network which is one of the largest networks in the world.”

About Deloitte in Switzerland

Deloitte is a leading accounting and consulting company in Switzerland and provides industry-specific services in the areas of audit, tax, consulting and corporate finance. With approximately 1,100 employees at six locations in Basel, Berne, Geneva, Lausanne, Lugano and Zurich (headquarters), Deloitte serves companies and institutions of all legal forms and sizes in all industry sectors. Deloitte AG is a subsidiary of Deloitte LLP, the UK member firm of Deloitte Touche Tohmatsu Limited (DTTL). DTTL member firms comprise of approximately 200,000 employees in more than 150 countries around the world.

Note to editors

In this press release references to Deloitte are references to Deloitte AG, a subsidiary of Deloitte LLP, which is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.com/ch/about for a detailed description of the legal structure of DTTL and its member firms. Deloitte LLP and its subsidiaries are leading business advisers, providing audit, tax, consulting and corporate finance services through more than 12,600 exceptional people across the UK and Switzerland. Known as an employer of choice for innovative human resources programmes, it is dedicated to helping its clients and people excel. Deloitte AG is recognised by the Federal Audit Oversight Authority and the Swiss Financial Market Supervisory Authority. The information contained in this press release is correct at the time of going to press.