PwC Luxembourg announces strong revenue growth and presents outlook for 2014

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PwC, the leading provider of professional services in Luxembourg, reports a turnover of 288m euros as of 30 June 2013, the end of our fiscal year. This marks an increase of 11% compared to the previous year. The firm’s revenues have more than tripled over the past ten years.

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16/10/2013 |
  • PwC - Didier Mouget

    Didier Mouget, Managing Partner at PwC Luxembourg.

Our results for 2013 tell us that our strategy is still the right way forwards: our teams were able to maintain excellent results in a highly competitive market. We are ending this year with the first tangible signs of recovery since the crisis began. We will maintain course to reap the benefits of the efforts and investments made over the past years

Didier Mouget, Managing Partner at PwC Luxembourg

PwC Luxembourg consolidates its leadership position in Luxembourg by making the most of innovation, quality and team complementarity. Next year, more than 600 people will join the firm to address growing client demand.

This solid growth can be credited to the trust placed in PwC by its clients, and validates the firm's strategy and investment decisions, which are to be pursued in the future.

PwC Luxembourg has accordingly stepped up recruitment to better respond to market requirements and now employs more than 2,300 people from 57 different nationalities and very diverse backgrounds. The firm is the sixth largest private employer in Luxembourg.

“Our revenues have been growing significantly for many years. All of our lines of service and industry areas have increased this year: revenues in our Tax practice rose by nearly15% in 2013, while our Advisory practice grew by 15%, spurred on by the launch of several new consulting services. Growth in Audit reached 7%, allowing us to further strengthen our position in a highly competitive market”, explains Didier Mouget, Managing Partner at PwC Luxembourg.

On a global scale, PwC’s revenues rose by more than 4% compared to the previous year, with strong growth observed in emerging markets, North America and South America.

Investing for Luxembourg’s economy

PwC Luxembourg has also continued its efforts to promote and diversify Luxembourg's financial centre and economy: with the launch of PwC Entrepreneur, the firm aims to support entrepreneurs, SMEs and family-owned businesses at all stages of their development. This builds on PwC's strategy and experience in providing innovative services for entrepreneurs that support business and bring value to Luxembourg and the Greater Region.

In addition, this year saw rapid growth in PwC's Accelerator, the first European platform designed to boost high-tech companies. Its mission is to attract promising high-tech companies to Luxembourg and accelerate their operations onto a global level. In 2013, several hundred companies showed interest in the services offered by PwC's Accelerator and in setting up their business in Luxembourg.

With more than 550 new talents hired in 2013, PwC Luxembourg is committed to promoting employment in Luxembourg and has confirmed its recruitment target of 600 people in 2014. 

Creating value through responsible investment

As a leading market player, PwC Luxembourg is dedicated to sustainable and responsible investment. A case in point is Crystal Park, PwC Luxembourg's new 30,000 sq. m building. It was designed to comply with the highest environmental standards and reflects the firm’s priorities in terms of sustainable development. This mindset has also led to the creation of sustainable commuting solutions, including a fleet of electric vehicles and a car-sharing platform for business travel.

“Our results for 2013 tell us that our strategy is still the right way forwards: our teams were able to maintain excellent results in a highly competitive market. We are ending this year with the first tangible signs of recovery since the crisis began. We will maintain course to reap the benefits of the efforts and investments made over the past years", concludes Didier Mouget.

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