BDO International announces revenue for 2008
BDO Global Coordination B.V. is pleased to announce the results of the BDO International network for the year ended 30 September 2008.
Total combined fee income for all BDO Member Firms, including the exclusive members of the US and Spanish Member Firms’ Alliances, amounts to US$ 5.145 billion, an increase of 9% in the last year. In euro, the total is €3.649 billion, an increase of 11% on 2007. 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. Fluctuations in exchange rates have significantly affected these results: the Canadian firm, for example, has grown its revenues by 13% in local currency terms, but by only 7% when expressed in euro. Similarly, revenues of the UK firm increased by 13% in local currency but fell by 1% when expressed in euro.
Jeremy Newman, who took up the position of CEO of BDO International in October this year, noted that this further year of strong performance reflects continued investment by BDO Member Firms. “The current financial and economic difficulties will be a challenge for all businesses,” he said. “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.”
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BDO International is a world wide network of public accounting firms, called BDO Member Firms, serving international clients. Each BDO Member Firm is an independent legal entity in its own country. The network is coordinated by BDO Global Coordination B.V., incorporated in the Netherlands, with its statutory seat in Eindhoven (trade register registration number 33205251) and with an office in Brussels, Belgium, where the International Executive Office is located.
The combined total fee income of all BDO Member Firms was US$ 5.14 billion in 2008. The global network has more than 670 offices in 110 countries, and more than 44,000 partners and staff provide business advisory services throughout the world.
For further information please contact:
Julia Henniker-Heaton, BDO International Executive Office, Brussels
Tel: (+32 2) 778 0130; Fax: (+32 2) 778 0143; e-mail:
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BDO Unicon (1989) is an audit and consulting group of companies. BDO Unicon Group offers a comprehensive range of audit, business development and business enhancement services. BDO Unicon is a russian member of BDO International.
BDO Unicon Group employs over 2000 professionals in 17 offices across Russia. BDO Unicon provides services to several thousand clients, one third of which are the largest companies of Russia. The Group's turnover in 2007 was in excess of €85 million. By the 2007 year results, BDO Unicon is a leading Russian national audit and consulting group (according to “Expert-RA” Rating Agency).
For more information and comments please contact:
BDO Unicon Press Service
Ms. Darya Zykova
Mob.: +7 (916) 810-98-62
Tel.: +7 (495) 797-56-65 (add. 3361)
Fax: +7 (495) 797-56-60
E-mail: pr@bdo.ru