Mazars announces a 12.8% revenue increase and accelerates its international expansion
Mazars' unique, integrated, international partnership continues to grow. In early January, two new countries - Colombia and Uganda - joined the partnership, which now includes 86 countries and territories. The group aims to achieve more than 2 billion euros in revenues by 2020, up from 1.5 billion euros today.
Mazars, an integrated and independent international organisation specialised in auditing, consulting and accounting, taxation and legal services, announces a total income of 1.5 billion euros for the 2016 - 2017 financial year, up 12.8% from the previous year. This increase reflects an organic growth of 5.4% and an external growth of 7.0%. In particular, the group benefited from the full-year impact of the integration of the Chinese firm ZhongShen ZhongHuan, which took place at the end of 2015. Over the course of the year 2016-2017, the group expanded into new countries and territories such as Bulgaria, Cyprus, Kosovo, Mozambique, and Tanzania; it also strengthened its presence in Sweden.
In total, over the past 4 years, the group has seen its revenue surge by 45%. The group's international development largely contributed to this growth. This is evidenced by the fact that the group's revenues outside Europe now account for 34% of total revenues, up from 27% in 2012 – 2013, thanks in particular to a significant strengthening of its presence in Africa, North America, and Asia.
In China, Mazars recently entered the Top 10 companies in the auditing and consulting industry. This milestone was made possible by a partnership agreement signed last August between Zhongshan Yataï firm and Zhongshen Zhonghuan firm, which joined the group in December 2015.
1) Financial period ending 31 August.
2) Excluding a foreign exchange effect of -1.6 %