[Mazars] Mazars, which is expanding its business globally, achieved record business income this fiscal year as well
*View in browser* *Mazars in Japan*
Press release: February 7, 2024
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Mazars continues to expand its business globally, achieving record business income this fiscal year
Mazars is an international audit, tax and advisory firm.
(Mother) has announced its global financial results for the fiscal year 2022/2023, revealing that it has achieved double-digit growth for the third consecutive year in all its audit and non-audit services. Despite continued market uncertainty, operating income increased by 13% year-on-year to €2.8 billion.
– * Achieved double-digit growth for the third consecutive year in all service lines. *
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Demonstrating the resilience and adaptability that Mazars has built through an integrated partnership model that achieved 13.3%
year-over-year growth and operates in over 100 countries and territories. *
– * 43% of business revenue comes from audit work and 57% from non-audit work, highlighting the balance and strength of a
multidisciplinary strategy for purposeful growth. *
This global performance is the result of a new Top 10 Global Network with US accounting firm FORVIS.
This follows recent news regarding plans to build.
*Hervé Elias*, Mazars Group CEO*
said: “With 13% growth, we were able to demonstrate the strength and relevance of Mazars’ unique integrated partnership model. This year can be called another successful year. The quality of our
multidisciplinary services sets us apart from other firms, allowing us to better serve our clients, attract the best talent, and serve the public interest.”
“During a tumultuous year, the organization faced challenges and learned to be more resilient and persevere.Despite the challenging environment, we remained purposeful and focused on international growth. We are pleased to have been able to continue investing and sustaining that growth with our clients. We understand that these areas include financial reporting and information systems security, and we look forward to helping companies achieve their individual goals.”
*Growth across regions and service lines*
Growth continued to be strong in Europe (+15.3%) and North America (+21.4%), with particular strength in France, Germany, Ireland, Italy, the Netherlands, Portugal, Spain, Switzerland, the UK and the US. Latin America showed impressive results this year, being the fastest growing region with an increase of 25.8%.
Achieving double-digit growth across all of our service lines for the third year in a row underscores our strategic clarity and recognition of the increasing pressures felt by our clients around the world. As a result, sustainability services grew the fastest at 71%, and consulting services at 21.3%.
*Elias*
said: “The services we have pursued have expanded the value we can offer clients around the world as a trusted partner, especially as more obligations are placed on businesses. There are not enough players to support companies, and there is a lack of options in the market.We have built a system that can fill this gap and help our clients avoid the risk of becoming audit refugees. As auditors and advisors, Mazars is an integral part of the chain of trust in the economy, helping to ensure the integrity of financial markets for the benefit of society.”
With this objective in mind, Mazars is a Finnish
, Panama and Togo as we continue to expand into new regions. Additionally, in December 2023, 139 new people from 41 countries were appointed as global partners (31% of whom are women).
*Business support that goes beyond financial statements and creates a lasting impact*
The latest Mazars C-suite C-suite survey conducted at the end of 2023. barometer) reveals that technology and sustainability continue to have the biggest impact on business. Leaders are under constant pressure to digitize their businesses, evolve their sustainability strategies, and invest in talent that will transform the way they work.
*Elias* has this to say about this fact:
“We have further strengthened our sustainability services to help our clients transform and provide assurance on the non-financial information that stakeholders increasingly expect. This is in line with our aim to support the
“Overall, the achievements and successes of the past year would not have been possible without the dedicated efforts of our team. We are excited about the opportunity to expand and look forward to helping our clients build and grow their businesses with confidence, now more than ever.”
*About Mazars*
Mazars is an international integrated partnership specializing in audit, accounting, advisory, tax and legal services*. Active in more than 100 countries and territories around the world, the Mazars integrated partnership is comprised of more than 33,000 people and Mazars is comprised of more than 17,000 people.
North America
We leverage the expertise of more than 50,000 combined professionals to help clients of all sizes and at every stage of development. *Only in territories permitted by applicable national law.
http://www.mazars.com | http://www.linkedin.com/company/mazars | https://twitter.com/mazarsgroup
*About Mazars in Japan*
In the 2022/2023 fiscal year, Mazars in Japan continued to achieve strong performance with operating income of 2.6 billion yen, an increase of 16% year-on-year. Mazars with 18 partners
in Japan
has over 240 professionals providing audit, tax, outsourcing and advisory services to 700 clients. We are actively working to expand our track record in the listed company market, make a real
contribution to the Japanese economy, and in particular support Japanese companies’ expansion overseas.
https://jpn.mazars.jp/ | https://www.linkedin.com/company/mazarsjapan | https://twitter.com/mazarsinjapan
*About details about this release*
https://prtimes.jp/main/html/rd/p/000000011.000073914.html
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