Hervé Hélias | Turnover growth of 10.4% (9% organic)
Hervé Hélias | Milestone year for international expansion
Hervé Hélias | On the road to achieving the 2020 goals
January 15, 2020: Mazars, the international auditing and consulting firm, today announced a turnover of €1.8 billion for the 2018/2019 fiscal year (from September 1, 2018 to August 31, 2019), an increase of 10.4% (excluding the exchange rate impact of +0.2%) compared to the previous year. The increase was supported by strong organic growth of 9%, complemented by external growth of 1.3%.
“This is the highest organic growth figure recorded by Mazars since 2011/2012. This extraordinary performance is the result of a combination of a high level of specialization and the strong commitment of our teams to offer our customers an excellent experience worldwide, as well as a true recognition of the benefits of the Mazars model. partnership integrated with Mazars. Mazars is a trusted partner for organizations of all kinds, not just listed companies,” says Hervé Hélias, CEO & Chairman of the Mazars Group.
2019: a landmark year for international expansion
In addition to the financial results, 2019 also saw the signing of the Mazars North America Alliance agreement in July. The Mazars North America Alliance represents a landmark agreement between Mazars and five leading companies in North America and Canada - BDK, Dixon Hughes Goodman, Moss Adams, Plante Moran (USA) and MNP (Canada). The Mazars North America Alliance represents a major change for Mazars, which now has full coverage in North America and provides international clients with access to more than 16,000 professionals in the region. Mazars now has 40,400 professionals worldwide (24,400 are part of the partnership integrated) and 318 offices in 91 countries and territories.
Regarding the firm's strategic growth, Hervé Hélias adds: “Four years ago, we defined an ambitious strategic plan called Next-20. Our expansion in China to reach critical size in this vast market and the development of a competitive and strong offer in North America were at the top of our priorities, along with a smooth transition in top management, with a well-planned succession of Phillip Castagnac in the role of Group Chairman. Today, I'm proud to say that these objectives have been achieved. Our target for 2020 is to reach 2 billion euros in turnover, and I feel confident that we will get there.”
Global growth
Mazars' international expansion is reflected in the geographical distribution of its revenue sources, with more than a third of turnover coming from outside Europe.
All regions recorded strong growth in 2018/2019: 7.8% in Western Europe, 13.6% in Central and Eastern Europe, 12.1% in North America, 13.1% in Latin America, 9.4% in Africa and the Middle East, with the highest growth recorded in Asia-Pacific (22.6%). Asia-Pacific now accounts for 15% of Mazars' total turnover. In China, the company has over 4,000 employees and more than 30 offices. Mazars' operations in China include 137 large listed companies and grew by 19% last year. In Australia, Mazars grew by 100% in 2019, thanks to the integration of two local companies.
A broad and balanced expertise
Auditing is at the heart of Mazars' expertise and will continue to be its core business in the coming years. To support the growing needs of its clients, Mazars has built up a significant offering in consulting, tax and advisory services. compliance. Today, auditing and accounting account for 63% of total revenue and consulting for 37%.
As it expands geographically, Mazars is experiencing sustained growth in each of its business lines. Growth in 2018/2019 was: auditing +8.5%, accounting services and outsourcing +8.2%, consultancy +24.2%, tax advisory +9.9%, legal (not included in the range of services offered in Portugal) +34.9% and financial advisory services +9.5%.
A strategy for sustained growth
Mazars' strength also lies in its ability to grow profitably and sustainably. With people and technical excellence at the heart of our development, we constantly invest in our teams and in technological innovation, integrating artificial intelligence, machine learning and comprehensive data analysis in our audit and consulting services. In 2019, 92% of the teams participated in training programs.
Mazars in Portugal
In Portugal, Mazars recorded a positive performance in 2018/2019. In 2020, the combination of organic growth and external growth operations is expected to enable double-digit growth.
The firm has 180 employees, spread across three offices and led by a team of six partners.
Looking beyond
“2019 was a crucial year for Mazars. We believe that our achievements and the acceleration of our transformation confirm the technical excellence of our professionals and the relevance of our strategy. We remain true to our values and entrepreneurial spirit, growing responsibly and sustainably. Our company is better positioned than ever to keep pace with the development of our clients. In 2020 and beyond, we aspire to remain the company of choice for a diverse range of talents and clients in a sector that needs alternatives, and we are committed to helping build the economic foundations of a fair and prosperous world,” concludes Hervé Hélias.
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About Mazars
Mazars is an international, integrated and independent company specializing in auditing and auditing, accounting, consulting and tax advice. It is present in 89 countries and territories worldwide, relying on the expertise of 40,400 professionals - 24,400 in the Mazars integrated partnership and 16,000 through the Mazars North America Alliance - to support clients at every stage of their activity. It ranks 6th in the national market. Click here to access Mazars' Annual Report.
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