BDO International boasts 20% turnover gain

The BDO International network has recorded 20% gain of total combined fee income for the year

Written by AccountancyAge.com

BDO Global Co-ordination BV recorded a 20% gain for the year ended 30 September in total combined fee income for all BDO member firms world wide, including the exclusive members of member firms’ alliances, to $US4.7bn (₤2.3bn).

Expressed in euro, the 2007 world wide combined fee income is €3.3bn, representing a growth in euro of 7%, as a result of the weakening US dollar compared to the euro in the reporting period.

Despite a drop in French revenues, the results by region show strong trends – up 6% in Europe, fuelled by 40% growth in central and eastern Europe, while the Asia Pacific and Latin American regions both grew in excess of 20%.

Frans Samyn, BDO International chief executive officer, said the firm’s accomplishments reflected the increasing number of big companies looking outside the Big Four dominant accountancy networks.

Further reading:

BDO launches member firm in France

BDO revenues rise 10% to £317m

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