Achieving Potential – Making a Difference
Ernst & Young in Switzerland 2008The world is in a state of flux. To meet current and future challenges, businesses must embrace constant change. Ernst & Young underwent a deep transformation in the past year. In mid-2008, we integrated with 87 Ernst & Young country practices in Europe, the Middle East, India and Africa into a single region, EMEIA. With this step, we graduated from a network to a fully integrated organization, enabling us focus on your needs and your potential more consistently than ever before.
The Audit Services business unit succeeded in maintaining its strong position in the stagnating auditing market by generating revenue of CHF 313.1 million, which represents growth amounting to CHF 3.8 million (+1.2%). Tax and Legal Services increased its revenue by CHF 25.1 million (+18.6%) to approximately CHF 160 million. Within a short period of time, Ernst & Young succeeded in developing its transfer pricing services and in becoming the market leader in this area. Generally, Ernst & Young is expanding its share of the tax advisory market. In the business advisory field, Ernst & Young increased its revenue by CHF 6.9 million (+11.0%) to CHF 69.6 million. Its expansion in transaction business in recent years has outpaced the market (which has itself grown considerably) and the firm has become one of Switzerland’s market leaders in vendor due diligence mandates. In the medium term, Ernst & Young seeks to take on a leading role in restructuring advisory services as well, and that is why it is rapidly expanding its restructuring team in Switzerland.
Media Release "Ernst & Young increases its revenue from services by 6.7% to CHF 563 million"
Download
Annual Review 2008 (PDF, 3.10 MB)
Content of Annual Review 2007/2008:
Editorial:
Strategy:
People:
Clients:
Organisation & Governance:
Financial Reporting:
/$FILE/12L00073.jpg)