BDO’s revenue surpassed the CHF 200 million mark for the first time in 2017. The increase of 4.9 percent confirms the company’s continuing growth trajectory.
Total revenue came to CHF 204.8 million in the reporting period, with growth of 4.9 percent attributable to a strong performance across the board.
Other services also on growth course
All service lines and product groups once again contributed to the company’s overall growth. Particularly noteworthy is the positive development in Advisory, which grew by 18 percent. Advisory was also instrumental in strengthening the BDO brand through numerous one-off projects and major acquisition activities.
ABACUS generated growth of 9.2 percent, while Real Estate posted an increase in revenue of 7.5 percent.
Strong development despite tough market
BDO’s steady growth trajectory is attributable to various factors. The Swiss economy is stable with a positive growth outlook. In addition, BDO enjoys an excellent market position. Nevertheless, business is challenging for BDO, due to tightening regulatory requirements, the cost of investing in digitisation and a trend towards falling prices for services.