Deloitte announces 14 percent growth
12 October 2016
Deloitte Luxembourg reports aggregate gross revenue of €274 million in the financial year ended 31 May 2016. In terms of net revenue, the firm experienced double-digit growth in each of its three service lines audit, tax and advisory & consulting.
“Our firm is built on three strong pillars, being audit, tax and advisory & consulting. We believe this diversity of services, competencies and skills makes us strong and agile in a changing business environment. The fact that we experienced double-digit net growth in all our service lines proves that each part is equally important to the success of our firm,” explains Yves Francis, Managing Partner at Deloitte Luxembourg.
Broken down by service line, the gross revenue comprises the €79.8 million of the audit department, the €79.7 million of the tax department while the remaining €114.8 million represent the revenue of the advisory & consulting department.
The firm’s strong performance over the past years has been accompanied by a steady increase in its overall workforce. In September and October alone, the partnership welcomed 260 new joiners, bringing the number of the firm’s professionals past the 1900 mark. The firm is currently spread over three different locations in the Neudorf area, but will move to its new headquarters in Cloche d’Or in the beginning of 2019.
“We owe our strong growth to our clients, who turn to us for advice and support, and to our people who take pride in serving our clients with distinction and commitment every day. We do not only help our clients with the challenges of today, we take it a step further and help them prepare for the digital future. That is where our true value lies,” explains Yves Francis.
Deloitte Luxembourg is part of Deloitte global network of member firms. Globally, Deloitte reported aggregate network revenue of US$ 36.8 billion for the financial year 2016, which represents a growth of 9.5 percent. With a global workforce of 244,400 professionals, Deloitte keeps its position as one of the biggest professional services firms in the world. The EMEA region, which comprises Europe, Middle East and Africa, is the fastest growing region for Deloitte globally.
“The key to our success is our ability to attract and retain the best people—professionals with energy and drive—who want to make an impact for our clients. We highly value entrepreneurship, the ability to think new and to see opportunities where others see obstacles,” concludes Yves Francis.
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About Deloitte in Luxembourg
In Luxembourg, Deloitte consists of 90 partners and over 1,800 employees and is amongst the leading professional service providers on the market. For over 65 years, Deloitte has delivered high added-value services to national and international clients. Our multidisciplinary teams consist of specialists from different sectors and guarantee harmonized quality services to our clients in their field. Deloitte General Services, société à responsabilité limitée, is an affiliate of the Luxembourg member firm of Deloitte Touche Tohmatsu Limited, one of the world’s leading networks of professional services firms.
© 2016 Deloitte Luxembourg.