Deloitte in Switzerland reports fifth consecutive year of double-digit growth
Continued growth of all service lines enhances leading position in Swiss market
Zurich, 27 August 2015
Deloitte in Switzerland has reported a 15% overall revenue growth for the financial year 2015. The fifth consecutive year of double-digit growth cements Deloitte’s status as one of the leading professional services firms in Switzerland. Next to its traditional Audit capabilities, Deloitte in Switzerland also boasts a flourishing Tax business as well as the largest Advisory practice amongst the Big Four.
The firm’s gross revenue1 grew to CHF 532 million for FY15 (ending 31 May 2015) from CHF 461 million last year. This 15% increase marks a continuation of Deloitte’s exceptional growth path in Switzerland. All four of the firm’s service lines – Audit, Tax, Consulting and Financial Advisory – have seen their revenue expand in the past twelve months.
Howard Lovell, CEO of Deloitte in Switzerland, commented: “We are very proud to post yet another year of double-digit growth – the eighth time in the last nine years. In the recent years, our impact on the Swiss market has been significant, and the market now clearly sees us as well-established amongst the leaders in the Swiss professional services industry.”
1Gross revenues from Deloitte UK and Deloitte in Switzerland from Swiss clients.
Highlights from FY15
In the past year, Deloitte has invested in its business as well as the value it can deliver to clients through:
- Further growing the firm’s Advisory capabilities – including Consulting, Financial Advisory and Risk Advisory –, cementing its status as the largest Advisory provider amongst the Big 4 in Switzerland.
- Significantly increasing the footprint of Deloitte’s Tax business, and, as a result, receiving recognition as ‘Tax Firm of the Year’ in Switzerland for the third time in a row.
- Continually investing in Deloitte’s core Audit proposition.
- Leading the innovation topic in Switzerland by designing an exponential innovation ecosystem to help clients to define their strategies for the future.
Deloitte in Switzerland has recorded strong growth across the full array of industries, with the banking and life sciences industries having standout performances in FY15.
Investing in talent
Deloitte in Switzerland has increased its talent pool by 9% to more than 1,400 employees in Switzerland, including 15 new partners and 153 new graduate hires in FY15.
Diversity and women in leadership are high on the company agenda: Deloitte employees in Switzerland represent approximately 50 different nationalities. Women represent 17% of the firm’s leadership and 13% of the partnership, and Deloitte in Switzerland aims to further grow this number in the near future.
Looking ahead, Howard Lovell stated: “We are seeing continued growth in the first quarter of the new financial year and are optimistic for the year ahead, as we are determined to advance on our journey to becoming the leading professional services firm in the country.”
He added: “Organisations in Switzerland are facing unpresented disruption – whether caused by exponential technologies, digital transformation, increased regulatory requirements or economy volatility. Our goal is to enable Swiss organisations to grow and to succeed in this rapidly changing business environment.”
The Swiss Annual Review, presenting highlights from Deloitte’s 2015 financial year, is available here.
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 financial advisory. With more than 1,400 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 210,000 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 14 000 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 an auditor firm recognised and supervised by the Federal Audit Oversight Authority (FAOA) and the Swiss Financial Market Supervisory Authority (FINMA).
The information contained in this press release is correct at the time of going to press.