Deloitte Luxembourg announces €350 million gross revenue in 2019
19 November 2019
Firm shares details of FY19 overall growth of 6 percent and launches the first Impact Report at its annual press conference.
Luxembourg, 19 November 2019: Deloitte Luxembourg (the “Firm”) announced that the Firm’s FY19 gross revenue grew by €20 million to reach €350 million compared to last year’s figures during the annual press conference held at their new headquarters, D.Square. In a rather uncertain global environment, Deloitte’s three service lines of audit, advisory and consulting, and tax all contributed to the Firm’s growth with increases of 7 percent, 3 percent, and 10 percent in their respective gross revenues.
Marking the ninth consecutive year of solid progress, John Psaila, alongside service line leaders, credited the success to the Firm’s unique multidisciplinary approach, the recruitment and retention of talent, and its agility to constantly and consistently adapt to the markets in which it operates.
“We are delighted to report another year of growth. This demonstrates once more the relevance of our distinctive business model: we think ahead, create connections, and gather knowledge from our various experts to offer the right service at the right time. We continuously seek to enhance our existing services and explore and develop fresh offerings in response to new market needs,” stated John Psaila, Managing Partner at Deloitte Luxembourg.
John Psaila also highlighted Deloitte’s wider network as an asset. With over 310,000 talented professionals worldwide, Deloitte has reported considerable growth on a global level reaching US$45 billion in revenue, representing an increase of 9.4 percent in local currency terms, compared to last year. Deloitte remains the number 1 professional services firm globally.
The press conference was held for the first time in the Greenhouse at D.Square. Located on the seventh floor of the landmark building, the Greenhouse is an example of Deloitte’s commitment to investing in innovation, in order to secure greater sustainable growth for the future.
Preparing for tomorrow
At the press conference, a strong focus of was placed on two major investment channels: talent and technology.
Deloitte champions Luxembourg’s position as the financial center of Europe and leverages this strength in recruiting and retaining talent. Highlighting initiatives in attracting the new generations, creating a flexible working environment, and supporting diversity, the firm confirms its position as a leader enabling the workforce of tomorrow.
This mindset, paired with a clear commitment to state-of-the art training and an inclusive leadership is how the firm continues to lay the foundations for its future: “We seek out promising talent and create pathways to success for our people. We provide them with new working dynamics, ongoing development opportunities, and we place a strong emphasis on diversity and inclusion. Together, we know that these create not only a better professional environment, but also improves business performance,” stressed John Psaila.
With a keen eye on the horizon, Deloitte is heavily investing in technologies which will allow its clients to be at the forefront of change. From creating innovative spaces and solutions, to key investments in areas such as artificial intelligence, blockchain and automation, the Firm is well positioned to answer upcoming market needs.
Making an impact
Deloitte Luxembourg chose the press conference to launch its first Impact Report, a testimony of the impact the people at Deloitte make towards each other, the market, and society at large. An aspirational testimony told through the personal stories of its professionals, the Impact Report relies on a clear philosophy highlighted by John Psaila:
“We want to create positive change and empower our people to make it happen. This is the reason why the Impact Report is made of personal stories. Our people are the ones enabling change. Today, companies must proactively play a pivotal role in shaping the 21st century for the better.”
Explore the Impact Report in full here: www.impactatdeloitte.lu
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Deloitte is a leading global provider of audit & assurance, consulting, financial advisory, risk advisory, tax and related services. Our network of member firms in more than 150 countries serves four out of five Fortune Global 500® companies. Learn how Deloitte's approximately 286,000 people make an impact that matters at www.deloitte.com.
About Deloitte in Luxembourg
In Luxembourg, Deloitte consists of more than 100 partners and over 2,300 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.