Deloitte Luxembourg announces €360 million gross revenue in 2020 has been saved
Deloitte Luxembourg announces €360 million gross revenue in 2020
18 November 2020
Luxembourg, 18 November 2020: During its annual press conference, Deloitte Luxembourg (hereafter the “Firm”) announced that for FY20 its revenue grew by 3 percent to reach €360 million. The Firm’s three service lines of Audit, Advisory and Consulting, and Tax reported +8 percent, -3,5 percent, and +7,5 percent movements in their respective gross revenues.
John Psaila, Managing Partner at Deloitte Luxembourg, and his fellow service line leaders credited this continued success to the Firm’s multi-disciplinary business model which continues to be a source of competitive strength.
“Marking a decade of constant growth, these annual results demonstrate the capacity of Deloitte to adapt, even in the midst of a crisis. Thanks to our unique multi-disciplinary model and the agility of our people, we continue, year after the year to reach higher. While the pandemic is affecting economies around us, we remain cautious but confident in the market’s resilience to further recover and transform,” stated John Psaila.
John Psaila also highlighted Deloitte’s wider network as an asset. With over 330,000 talented professionals worldwide, Deloitte has reported considerable growth on a global scale reaching US$47.6 billion in revenue, representing an increase of 5.5 percent in local currency terms compared to last year, remaining the number one professional services firm globally.
Investing in talent
Talent is one of the fundamental pillars on which the Firm remains committed to invest by further developing its people and providing them with the best possible working environment and the ability to stay at the forefront of changes to the market’s needs.
The investments made over the year and Deloitte’s commitment to delivering a world-class talent experience to its employees is reflected by international awards confirming the attractiveness of the Deloitte network on the global workforce. Deloitte ranked fifth overall and first among the Big Four in the World's Most Attractive Employers survey of undergraduate business students by Universum.
Deloitte also ranked in the top 25 of the World’s Best Workplaces by Great Places to Work – a first for this year.
Preparing for the future, today
At the press conference, a strong focus was placed on the response of the Firm in light of the COVID-19 pandemic. While the health and safety of Deloitte’s professionals remains at the center of the Firm’s strategy, an essential component has been to guide clients as they navigate the uncertainty that monopolizes the current economic environment.
The sudden impact of COVID-19 brought with it many changes, both internally but also in terms of service offering to clients. Deloitte Luxembourg’s goal has been to harness its resources and expertise to make a difference to, not only its valued clients, but to its people and society.
“The crisis has called for accelerated transformation. Through listening and understanding our clients’ needs, we have found solutions harnessing new technologies and digitalization. It is thanks to our people’s agility and resilience that we can proudly say that we adapted to the current reality and continued to serve our clients with distinction. Whilst we acknowledge that we face uncertain times ahead, we choose to see the challenge presented to us by the pandemic as a springboard for change and opportunity,” concluded John Psaila.
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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.