than 60 percent have boosted Deloitte Germany’s revenues by 35
percent from €579 million ($746 million) to €779 million for the
year ended 30 June 2008.
Despite the increase, Deloitte Germany remains the smallest of
the country’s Big Four with its three rivals posting revenues in
excess of €1 billion in 2007. The firm said the growth was driven
by consulting services around risk management, compliance and
Audit-related accounting consulting services were a major
contributor to the firm’s big jump. Led in particular by compliance
investigations, the assurance consulting practice recorded a 64
percent increase from €261.6 million to €429.8 million. The firm’s
tax practice grew by 13 percent helped by gains in transfer pricing
and M&A advisory services.
Transaction services and corporate finance advisory boosted the
corporate finance division to €63.9 million, a 16 percent rise.
Deloitte Germany chief executive Wolfgang Grewe said the results
are the best the firm has ever achieved. The firm will continue to
expand its service offering and invest in talent even in the
current fiscal year, he added.