Deloitte continues to grow across all service lines and reports gross revenues of €228.2 million for the financial year 2014. Year on year, this represents 9% growth and Deloitte Luxembourg has increased its revenues for the fourth consecutive year, with a double-digit average growth per year. The compound growth of Deloitte Luxembourg over the last four years brings Deloitte to the position of the fastest growing professional services firm in Luxembourg.

“We have all the ingredients we need to continue our growth and run a balanced business. Deloitte is a solid organisation built by talented professionals. At the same time, we are flexible and able to adapt quickly to the ever-changing environment and respond to new market needs. This is the basis of our sustained growth. I am confident that Deloitte is well prepared for the upcoming challenges in the market,” explains Yves Francis, Managing Partner at Deloitte Luxembourg.

Strong and balanced service lines
The three service lines of Deloitte Luxembourg – Audit, Tax and Advisory & Consulting - are balanced and similarly strong in terms of revenue. The Audit practice reported growth of 7%, the Advisory & Consulting practice announced an increase of 6%, while the tax practice reported an increase of 14% for the financial year 2014. Compound net revenue growth over the past two years is almost identical for the three service lines.
The balance between the Audit, Tax and Advisory & Consulting practices, as well as the growth registered in all three service lines, represents one of the main strengths of the firm. Deloitte continues to be recognised as a leader in professional services across a broad set of capabilities and drives a strong collaboration between the three service lines.

Deloitte Luxembourg has seen substantial organic growth over recent years. The firm now employs 1,600 professionals from 46 nationalities and is the 18th biggest employer in Luxembourg, according to the Statec survey of Luxembourg’s largest employers.

“The key to our success is our ability to attract and retain the best people, making a real impact for our clients. This, in combination with our strong focus on innovation and entrepreneurship, has brought us to the very satisfying market position we see today,” Yves Francis concludes.  

The firm’s strategy for the financial year 2015 is to keep its focus on the five key strategic dimensions; Talent, Clients & Market, Quality & Excellence, Knowledge & Innovation.

Growth at all levels
At a global level, Deloitte reported record aggregate revenues of US$ 34.2 billion for the financial year 2014. In its fifth consecutive year of growth, the firm’s aggregate revenues represent growth of 5.7% in US$. In the same period, Deloitte hired 54,000 professionals and now represents a workforce of 210,400 worldwide.