The Global Signature of Professional Services KPMG was recorded a record turnover of 32,130 million dollars (28,407.5 million euros) in its fiscal year, completed in September, equivalent to an increase of 10% with respect to the previous year, according to The company has reported this Thursday.
The President and CEO of KPMG, Bill Thomas, has highlighted that 2021 "was a year in which an outstanding growth has been achieved in a challenging economic context."
By business segments, billing of the consulting branch grew by 17%, up to 13,650 million dollars (12,068.5 million euros). The firm has highlighted that a large part of the increase is due to the activity of KPMG in the "Deal Advisory 'segment, which encompasses advice on mergers and acquisitions, financial and operational restructuring, assessments, financing, bankruptcy processes and sale of assets Non-strategic.
On the other hand, the audit business experienced an advance of 4%, up to revenues of 11,460 million dollars (10,132 million euros). The company has underlined that the quality of its audits is its "highest priority", so they are investing in this business branch steadily.
Fiscal and legal advisory services assumed a turnover of $ 7.020 million (6,206.7 million euros), 8% more than in the preceding fiscal year. According to KPMG, growth in this area was promoted by the highest demand for this type of service before an economical and regulatory environment "increasingly complex".
By geographical areas, billing in Europe and Middle East was 14,280 million dollars (12,625.6 million euros), 12% more, while in America it was 11,880 million (10,503.6 million euros), a 6% more. The increase in income in Asia-Pacific reached 13%, until at 5,970 million (5,278.3 million euros).
Date Of Update: 09 December 2021, 13:56
