Turnover rose 9.4% from $5 billion to $5.4 billion. This is the highest growth rate of the network in six years. This is the result of a deliberate focus on key strategic growth markets and continued investment in the network, in more efficient technology and especially in employee education and training.
Some figures
Europe experienced above-average growth of 7.7%. In more than half of the European offices, revenues even increased by more than 10%.
The Americas also achieved good results, with a growth rate of 5.7%. They remain the largest market of the network with a turnover of $ 2.5 billion (+5.7%), followed by Europe with $ 1.75 billion.
Strong growth was recorded worldwide. Services in Audit & Assurance represented approximately 39% of total revenues, up 4.3%. Partly due to the changing tax landscape, tax services experienced the strongest growth (14.8%) and accounted for 22% of total income. Advisory services (valuations, business risks, due diligence, etc.) increased by 10.4% and accounted for 35% of total revenues. It is worth noting that more than 20% of the growth in 2018 came from the guidance of mergers and acquisitions. These had increased in volume and value compared to the past two years.
At the same time, the number of employees worldwide also grew by 6.3%, to 52,686 people in 131 countries.
Satisfied with the results
“Last year's success is the result of a deliberate strategic focus on our medium-sized customers and our main strategic growth markets,” said a satisfied Peter Bodin, CEO Grant Thornton International.
“We have invested heavily in the network, in more efficient technology and above all in the education and training of our people, the leaders of tomorrow. Only in this way can we stand ready to provide quality advice and support to our customers in this rapidly changing market. The dedication, passion and commitment of our people was also crucial in achieving this fantastic result.”
What about Grant Thornton Belgium?
Koert Verbruggen, CEO Grant Thornton Belgium, adds: “In Belgium too, we want to continue these strong international growth figures in the coming years. Partly thanks to the investment in acquisitions, the recruitment of various qualified technical profiles and the appointment of 3 new partners who are responsible for developing the various service lines, we have laid an even bigger foundation for solid continuous growth.
In addition, we create an extremely pleasant working atmosphere and invest continuously in the education and training of our people, an essential factor to guarantee continuity and growth in a people business such as ours. This growth is also essential to continue to meet the changing expectations of the market in relation to our profession.”
Press Release
Strong financial results for Grant Thornton
15 Jan 2019
Brussels – Today, full-service business advisor Grant Thornton is publishing the worldwide financial results for the financial year ended 30 September 2018.
Turnover rose 9.4% from $5 billion to $5.4 billion. This is the highest growth rate of the network in six years. This is the result of a deliberate focus on key strategic growth markets and continued investment in the network, in more efficient technology and especially in employee education and training.
Some figures
Europe experienced above-average growth of 7.7%. In more than half of the European offices, revenues even increased by more than 10%.
The Americas also achieved good results, with a growth rate of 5.7%. They remain the largest market of the network with a turnover of $ 2.5 billion (+5.7%), followed by Europe with $ 1.75 billion.
Strong growth was recorded worldwide. Services in Audit & Assurance represented approximately 39% of total revenues, up 4.3%. Partly due to the changing tax landscape, tax services experienced the strongest growth (14.8%) and accounted for 22% of total income. Advisory services (valuations, business risks, due diligence, etc.) increased by 10.4% and accounted for 35% of total revenues. It is worth noting that more than 20% of the growth in 2018 came from the guidance of mergers and acquisitions. These had increased in volume and value compared to the past two years.
At the same time, the number of employees worldwide also grew by 6.3%, to 52,686 people in 131 countries.
Satisfied with the results
“Last year's success is the result of a deliberate strategic focus on our medium-sized customers and our main strategic growth markets,” said a satisfied Peter Bodin, CEO Grant Thornton International.
“We have invested heavily in the network, in more efficient technology and above all in the education and training of our people, the leaders of tomorrow. Only in this way can we stand ready to provide quality advice and support to our customers in this rapidly changing market. The dedication, passion and commitment of our people was also crucial in achieving this fantastic result.”
What about Grant Thornton Belgium?
Koert Verbruggen, CEO Grant Thornton Belgium, adds: “In Belgium too, we want to continue these strong international growth figures in the coming years. Partly thanks to the investment in acquisitions, the recruitment of various qualified technical profiles and the appointment of 3 new partners who are responsible for developing the various service lines, we have laid an even bigger foundation for solid continuous growth.
In addition, we create an extremely pleasant working atmosphere and invest continuously in the education and training of our people, an essential factor to guarantee continuity and growth in a people business such as ours. This growth is also essential to continue to meet the changing expectations of the market in relation to our profession.”