PracticeAccounting FirmsBDO International posts 11% revenue growth

BDO International posts 11% revenue growth

Total combined fee income for the BDO International network tops €3.649bn, up 11% on 2007

The BDO International network has posted global revenues of €3.6bn (£3.3bn)
for the year to 30 September, the firm has announced.

‘Total combined fee income for all BDO member firms, including the exclusive
members of the US and Spanish Member Firms’ Alliances, amounts to $5.145bn, an
increase of 9% in the last year. The total is €3.649bn, an increase of 11% on
2007,’ BDO’s global coordination team said today.

Jeremy Newman, who took up the position of CEO of BDO International in
October this year, said that BDO International would be able to ride out the
economic storm, which has already seen the leading firms making redundancies.

The current financial and economic difficulties will be a challenge for all
businesses,’ said Newman.

‘But I am confident that BDO International will continue to develop because
of its unrelenting focus on providing the highest quality advice and service to
its clients, delivered by high quality people in all our member firms.’

Fluctuations in exchange rates have significantly affected the results, BDO’s
global coordination team said in a statement today.

In the UK, BDO Stoy Hayward’s revenues increased by 13% in sterling, but fell
by 1% when expressed in euros.

During the year, the network welcomed new member Firms in France, Croatia and
India and completed mergers in a further 12 countries, including Australia,
Belgium, Denmark, Malaysia and Poland.

The Latin American region showed the greatest growth at 22%, while strong
performance across all other regions has resulted in increases similar to that
for the network as a whole.

Related Articles

Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor