Press release

2 Nov 2020 Dublin, IE

EY Ireland reports revenues of €359 million for Financial Year 2020

EY has reported financial results for the year to the end of June 2020 showing 8.6% growth in revenue to €359.1 million for Financial Year 2020 in the Republic of Ireland.

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Olive Stephens

Director, Corporate Communications and Public Affairs

Versatile communications, public affairs and PR leader with over 16 years’ experience of planning, guiding and driving communications strategies and initiatives.

  • Revenue up 9% to €359 million for Financial Year to 30 June 2020 (‘FY20’) in the Republic of Ireland (up from €331 million in the prior Financial year)
  • EY employs 3,045 across the island of Ireland (with offices in Dublin, Belfast, Cork, Limerick, Galway, Waterford)

Dublin, 2 November 2020: EY has reported financial results for the year to the end of June 2020 showing 8.6% growth in revenue to €359.1 million for Financial Year 2020 in the Republic of Ireland. Globally EY reported revenues of US$37.2b in financial year 2020.

“The COVID-19 pandemic has affected people, communities and businesses everywhere, creating new challenges for us all. Earlier this year thanks to the flexibility and resilience of our people we were able to quickly pivot to a virtual world and to support our clients seamlessly through the Covid disruption. It is a source of significant pride across our firm that we have dealt with the challenges, complexity and the social and economic disruption resulting from the COVID-19 pandemic while delivering exceptional client service and strong growth across our service lines,” EY Ireland Managing Partner Frank O’Keeffe said.

“This year we continued to grow all of our services across assurance, tax, consulting and strategy & transactions. We are particularly pleased with the investments we made in our Technology Consulting and Data Analytics/ Emerging Technology businesses allowing us to strategically support new and existing clients as they transform their businesses and embed innovation more deeply in their culture. Now more than ever we are focused on investing in people and services to help our clients transform, innovate and address their most pressing issues.” 

“By investing in our people and our culture, by having a constant focus on building out our firm’s expertise while at the same time investing heavily in technology, this is what allows us to consistently deliver for our clients. From Brexit, to global market volatility and the many uncertainties caused by COVID-19, clients are turning to EY to help them prepare for and to navigate carefully through this challenging period. We continue to be guided by our purpose of Building a Better Working World. Investing in outstanding leaders and diverse talent to support our clients as their needs evolve remains at the heart of our future plans in EY”. Frank O’Keeffe added

Eoin MacManus, Managing Partner EY Financial Services Ireland commented: “I’m proud to announce that our Financial Services Market Segment has achieved strong growth again this year as a result of the strategic investments we made in 2019 - in our services, our people, in technology and innovation — which enabled us to remain close to our clients’ issues and respond quickly to market changes. With new Partner investments in recently established service offerings like: Financial Accounting Advisory Services, Indirect Tax, Tech Consulting, Strategy & Transactions, combined with investment in our core service lines we have been able to provide more value to our clients within the Banking, Aviation Finance, Insurance and Wealth & Asset Management sectors. The process of transforming our business to one that can better serve our clients as they adopt a more digital centric approach was a key strategic initiative prior to COVID-19 and now due to the impact of the pandemic is even more integral to us achieving sustainable growth over the next number of years.”

For further information click here to find EY Ireland’s Transparency Report 2020 (volume 1 and 2).

-Ends-

For Further Information please contact:

Eimear Rigby

Communications Manager, EY

Mob: +087 439 9529

Email: Eimear.Rigby@ie.ey.com

Olive Stephens

Director of Communications, EY

Mob: +353 87 760 1642

Email: olive.stephens@ie.ey.com

Notes to Editor

EY’s Transparency Report only records revenue for the Republic of Ireland. The financial figures quoted do not reflect our Northern Irish practice.

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