26% growth for Deloitte & Touche

Deloitte & Touche Romania, branch of one of the Big Four audit and consulting companies concluded fiscal 2002/2003 ended May 31 with 26% growth in net revenues, outperforming the group. The group’s international revenues went up only 20% in the same time. “Audit and tax consulting remained our main growth-generating operations in Romania. Audit-related revenues in the fiscal 2002/2003 accounted for 50% of the total revenues, while tax consulting accounted for 25%,” Paul Andre Michaud, Deloitte & Touche Romania managing partner said. Michaud did not care to disclose precise net revenue figures, yet estimated the consulting market in Romania was worth some 50 million euros for the top four companies (Deloitte, KPMG, Ernst & Young, PwC). Deloitte Romania is the fourth leading player in terms of revenues, behind PwC, Ernst & Young and KPMG. “Deloitte’s Romanian division in 2002/2003 was one of the most dynamic units of the group in Central Europe, and the growth was organic, with no M&As,” Michaud said. ZF