Mazars reports outstanding performance in 2019

• Unprecedented 10.4% revenue growth (9% organic) • Milestone year for international expansion • On track to achieve 2020 objectives

Mazars, the international audit and advisory firm, yesterday announced revenues of €1.8 billion in its 2018/2019 financial year (1 September 2018 - 31 August 2019), up 10.4% (excluding Forex impact of +0.2%) compared to the previous financial year. The increase in revenues was supported by a strong 9.0% organic growth, complemented by a positive external growth of +1.3%.

“This is the highest level of organic growth recorded by Mazars since 2011/2012. This outstanding performance comes from a combination of high level of expertise and a strong commitment of our teams to deliver a seamless experience to our clients globally, as well as a true recognition of the benefits of Mazars’ uniquely integrated partnership model. Mazars is a trusted partner of choice for organisations of all kinds, not just listed companies”, said Hervé Hélias, CEO & Chairman of Mazars Group.

Broad and balanced expertise

Audit has been at the core of Mazars’ expertise and will remain at the heart of its business in the years to come. To support the evolving needs of its clients, Mazars has built a significant offering in advisory, tax and compliance services. Today, audit and accounting comprise 63% of total revenues, advisory 37%.

While expanding geographically, Mazars has enjoyed sustained growth across each of its business lines. Growth in 2018/2019 was: audit +8.5%, accounting and outsourcing services +8.2%, consulting +24.2%, tax +9.9%, legal +34.9% and financial advisory services +9.5%.

A sustainable growth strategy

The strength of Mazars also lies in its capacity to grow in a profitable and sustainable way. With people and technical excellence at the heart of its development, the firm constantly invests in its teams as well as in technological innovation, integrating artificial intelligence, machine learning and comprehensive data analysis in our audit and advisory services. In 2019, 92% of its staff took part in education programs.

Mazars in Malta

In Malta, Mazars also performed well in 2018/2019. The firm recorded revenues of €3.43 million, up by 11.6% from last year, and now employs 60 professionals under the leadership of four partners.

Looking ahead

“2019 has been a pivotal year for Mazars. We believe these achievements and the acceleration of our transformation confirm the technical excellence of our people and the relevance of our strategy. We have remained true to our values and entrepreneurial spirit, growing in a responsible and sustainable way. Our firm is better positioned than ever to accompany its clients’ development. In 2020 and beyond, we aspire to continue to be a firm of choice for a diverse range of talent and for clients in an industry which needs choice, and are committed to help build the economic foundations of a fair and prosperous world”, concluded Hervé Hélias.