Last Updated on Friday, 17 February, 2023 at 12:24 pm by The Malta Business Weekly
BDO, a global network of public accounting, tax and advisory firms, has announced a combined fee income of €11.8 billion for the year ended 30 September 2022. This represents a 12.1% increase from the previous year at constant exchange rates, with a strong 20% increase in revenue in the US market and a 14.5% increase in the Americas region. Despite ongoing geopolitical issues and conflicts in Europe, BDO has experienced stable growth in the UK and German markets and a growth in brand trust in France, Norway and Israel.
In response to the data-driven world and resource scarcity, BDO has invested in cutting-edge technology and digital transformation, positioning the company as a market leader in a world of opportunity. BDO’s multi-disciplinary model remains a core part of its business strategy, allowing the company to offer the best possible solutions to clients while preserving the size and scale of the organisation to continue investments in quality and risk mitigation.
As a purpose-driven organisation, BDO is committed to helping people and this is reflected in its actions. During the Ukraine war, BDO established a global crisis response team to prioritise the safety of its Ukrainian colleagues and set up a global fund for donations. BDO’s unique culture is key to its success, enabling the company to be the best it can be for its people, clients and communities.
Commenting on BDO’s 2022 performance, newly-appointed global CEO, Pat Kramer, said “In the change-dominated world in which we operate, nothing is more important than to protect and strengthen BDO. We are relevant to our clients. We strive always to lead on quality and client centric solutions. As we reach new milestones of global growth, we are more committed than ever to invest in our business and our people with a true global mindset. BDO has a strong foundation on which we will continue to build and transform. We embrace the change that will come and we will continue investing in quality, digitalisation, technology and talent, for the benefit of our clients and our people.”
Commenting on the results, BDO Malta CEO Mark Attard stated that “At BDO Malta, we are proud to be a part of the larger BDO global network and contribute to the impressive results announced by our Group. The Group’s commitment to delivering top-quality, client-centric solutions has also contributed to driving our growth and success in Malta. We will continue to invest in our people, technology and services, to stay ahead of the curve and meet the evolving needs of our clients. As a purpose-driven organisation, we are passionate about making a positive impact in the communities we serve and are committed to helping our clients succeed.”