Press Release
Grant Thornton reports record global revenues of $4.8 billion
16 Jan 2017
Grant Thornton reports record global revenues of $4.8 billion
- Workforce grows 11% to 47,000 people in more than 130 countries
- Regional growth highlights include APAC up 27%, Middle East up 9%, and Americas up 9%
Grant Thornton announced total combined record global revenues of US$4.8bn for the financial year ended 30 September 2016.
Revenues at Grant Thornton member firms grew 7.8% measured on a local currencies basis, and at 3.3% when measured in US dollars. Assurance services accounted for approximately 42% of total revenues (US$2.025 bn); advisory services 35% (US$1.652 bn); tax services 21% (US$1.018 bn); and other services 2% (US$94 m).
“All credit goes to our 47,000 people in more than 130 countries for all that we have accomplished in the past year,” said Ed Nusbaum, global CEO of Grant Thornton International Ltd.
In Vietnam “We have created a solid platform for growth, placing both our people and our clients at the heart of our global strategy, allowing us to build on our quality and focus on our foundations to create sustainable growth for the future, evidenced by our 13% plus growth in 2016” said Kenneth Atkinson, Executive Chairman of Grant Thornton Vietnam. Furthermore “Our mission remains the same: to be the leading adviser to dynamic organisations and to unlock the potential for growth in our people, our clients and in our communities”.
“In contribution to the Global record, Grant Thornton Vietnam achieved a double digit annual growth rate over the last two years and a growth in our professional workforce of more than 10% in order to ensure the quality and diversified services to our clients in Vietnam” said Nguyen Chi Trung, Managing Partner of Grant Thornton Vietnam.
Workforce
- Grew by 11.4% to 47,000 people in more than 130 countries.
Service lines
- assurance services - US$2,025 million (up 3.6%)
- tax services - US$1,018 million (up 4.4%)
- advisory services - US$1,652 million (up 1.4%)
- other services - US$94 million (up 25.2%).
Regional revenue
- Africa - US$98 million
- Americas - US$2,261 million
- Asia Pacific - US$692 million
- CIS - US$31 million
- Europe - US$1,667 million
- Middle East - US$40 million
Investing in our people - workplace and recognition awards
- Grant Thornton named one of the 50 World's Most Attractive Global Employers by Universum (#34).
- Grant Thornton recognised as a top employer worldwide in numerous countries including Canada, Mexico, Sweden, the US and UK.
Investing in our communities - corporate social responsibility (CSR)
Grant Thornton understands the impact our people have by volunteering their time, investing in educational, charitable, environmental and healthcare initiatives:
- Grant Thornton's Global CSR Steering committee is focused on ensuring each Grant Thornton firm has CSR at the heart of its business.
- Grant Thornton's global CSR event 'Growing Together in the community' was held on 22-23 September 2016. Our people in more than 90 countries across the world took part in helping local communities unlock their potential. Watch our video to see how we made an impact in our local communities this year.
- Grant Thornton continued its global partnership with The Global Fund for Children (GFC). Working collaboratively, we directly support their efforts in improving the lives of the world’s most vulnerable children by supporting the GFC's regional knowledge exchanges in Kenya, Nepal, Peru, Serbia, Moldova, Uganda, Kyrgyzstan and South Africa.
M&A growth
- New member firms in Bosnia and Herzegovina, Croatia, Rwanda and Slovenia.
- M&A expansions in Canada, Czech Republic, Estonia, Georgia, Hong Kong, Hungary, Israel, Italy, Romania, South Korea, Sweden and US
-End-
For further information, please contact:
Ngo Thi Kim Van
Marketing and Communications
T +84 8 3910 9120
E Van.Ngo@vn.gt.com
W www.GrantThornton.com.vn
About Grant Thornton
Grant Thornton is one of the world's leading organisations of independent assurance, tax and advisory firms. These firms help dynamic organisations unlock their potential for growth by providing meaningful, forward looking advice. Proactive teams led by approachable partners in these firms, use insights, experience and instinct to understand complex issues for privately owned, publicly listed and public sector clients and help them to find solutions.
We have more than 47,000 Grant Thornton people in over 130 countries, working with privately owned, publicly listed and public sector clients each day. Our strong global organisation, combined with our understanding of both the local market and dynamic economies across the world means Grant Thornton can support you no matter where you choose to do business.
