DGAP-News: Project Business Drives Growth at Rödl&Partner / Substantial Increase in M&A-Advisory Worldwide
(firmenpresse) - DGAP-News: Rödl&Partner GbR / Key word(s): Final Results/Forecast
Project Business Drives Growth at Rödl&Partner / Substantial
Increase in M&A-Advisory Worldwide
25.05.2012 / 11:00
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Project Business Drives Growth at Rödl&Partner / Substantial Increase in
M&A-Advisory Worldwide
- Total turnover increases by almost 5% to 246.4 million euros
- Profitable growth in all business areas
- Number of staff rises to 3,200 - plans to take on 200 further staff
Nuremberg/Frankfurt, 25.05.2012: Rödl&Partner continues to grow
successfully. In the financial year of 2011 (31.12.2011) turnover increased
worldwide by 4.8% to 246.4 million euros. The number of staff increased
from 3,050 to a total of 3,200. The multi-disciplinary professional
services firm thereby confirmed its leading global position as a provider
of audit, accounting, tax, legal and business consulting services for
German businesses.
Study: German economy grows through company acquisitions at home and abroad
A growth driver here is the provision of support for German companies with
strategic company acquisitions. According to a study presented today by
Rödl&Partner, companies are exploiting the financial crisis to expand
inside and outside Germany to strengthen their presence in important growth
regions, to open up new markets and to increase competitiveness. The study
indicates that, despite difficult financial conditions for M&A
transactions, the partly negative development of the economic conditions
and inflated market prices, this trend is set to continue. Important
sectors for acquisitions are mechanical engineering, plant construction,
services, automotive and energy.
'We benefit from the dynamic development of German companies. In spite of
the current crisis environment we have successfully managed to grow',
explains CEO Christian Rödl. 'Our key driving force behind the success is
the international project business. In this area we are able to fully
exploit our strengths of multi-disciplinary services and cross-border
consulting. Yet also in consulting and auditing our entrepreneurial
approach gives us a clear competitive edge. This enables us to increase our
market share in all important business areas.'
Legal services increase by 7.5%, strong growth with M&A and real estate
In the area of legal services the orientation of Rödl&Partner as a
multi-disciplinary law firm pays dividends. Consulting services have
developed successfully for M&A, company succession, compliance, real estate
transactions, financing, rationalisation, restructuring and renewable
energy. As well as specialists being in demand, experienced legal attorneys
and tax consultants are also increasingly in demand as general advisors.
The trend is towards small, dynamic consulting teams. 'As well as looking
for specialists, family-owned companies are also looking for legal and tax
experts who can take on a co-pilot role. These experts give comprehensive
advice to the entrepreneur or CEO. The times are over when a host of
novices would advise on transactions. This is confirmed by our strategic
decision to provide lean teams with international experienced legal
attorneys who speak the same language as entrepreneurs', explains Christian
Rödl.
Audit services: strategic positioning for family-owned companies successful
In the area of auditing Rödl&Partner was able to further increase
business at a high level with growth of 3.6%. The consistent orientation
towards the requirements of German companies with international operations,
mainly dominated by family-owned companies, is proving a success. In
addition to annual audits, audit-related consulting such as due diligence
in the context of transaction consulting has enjoyed excellent growth. 'Our
target is to offer our clients additional added value. We not only audit
the company but also, as a trusted confidant of the entrepreneur or CEO and
someone familiar with the internal company processes, provide valuable
additional services such as compliance, IT, strategy, risk management and
reporting', emphasises Managing Partner Martin Wambach.
In view of the reform proposals of the European commission on the subject
of auditing Rödl&Partner is seeking to move the focus to the interests of
companies not oriented to the capital market. 'The discussion should not be
limited to (very) large companies of public interest such as banks,
insurance companies and groups listed on the DAX. More bureaucracy and
prohibition of consulting activities which do not conflict with the ban on
self-auditing represent a risk to the German Mittelstand, criticises
Wambach. 'Companies require their auditor to be a sparring partner who, due
to a deep knowledge of the company, can also provide consulting services.
The audit profession must move on from the checklist mentality. More
self-assurance would do auditors on mainland Europe with a continental
outlook good as our services are more in demand than ever before.'
Leading position in the public sector expanded
Consulting services for the public sector remain a key factor for growth.
Rödl&Partner is the market leader in Germany for the provision of
professional services for decision-makers in local authorities in the areas
of law, tax, auditing and finance. For towns and local authorities in the
whole of Germany, Rödl&Partner provides consulting services in the areas
of budget reorganisation, strategic control, debt management, process
improvement in financial accounting and real estate. In addition, there is
the strong industrial focus on energy, transportation, water and health and
welfare. 'Wherever towns and local authorities have to make
entrepreneurial decisions we are in a good position to harness our
expertise', emphasises Martin Wambach. 'We will continue to strengthen our
activities in this area and further expand our expert teams in Cologne,
Nuremberg, Hamburg and Stuttgart.'
Takeover of cloudgermany.de: Rödl&Partner establishes cloud
infrastructure
The takeover of cloudgermany.de in the area of IT consulting makes Rödl&Partner one of the first German consulting and audit firms to create an
independent and competitive cloud infrastructure in Germany. The core
element of cloud computing and outsourcing consulting is integrated
strategic, legal and commercial support for family-owned companies from the
decision of 'whether' and 'how' to set up a cloud or outsourcing solution
up to and including a legal and data security concept. 'Our strategy
touches a nerve of the Mittelstand companies', emphasises Martin Wambach.
'We are building on our own IT infrastructure in Germany and can offer
clients the maximum legal security.'
Positive development in Central and Eastern Europe, Asia, Western Europe
and US
In spite of the continued economic and financial crisis in many countries
Rödl&Partner recorded strong growth in its international business. In
Asia turnover grew strongly, development in China was particularly strong.
In the central and eastern European countries (CEEC) growth in Russia
excelled. In Italy Rödl&Partner remains on course for growth especially
due to its strong M&A business and successful positioning in the area of
renewable energy. The location strategy, now with 4 Italian offices, has
paid off. As the automotive industry in Latin America has expanded, Rödl&Partner has also benefited from its new locations in Mexico. In US the
winning of new Mittelstand clients allowed Rödl&Partner to maintain last
year's level despite a breakdown of the real estate business.
Rödl&Partner will continue to pursue its strategy of international
expansion. In the fall a new office will be opened in New York. Shortly
offices will also be opened in the former CIS states Uzbekistan and
Azerbaijan. After the successful establishment of our presence in South
Africa, the setting up of further offices in other African states is being
investigated.
'The German economy is enjoying a successful development due to its
international expansion. Growth in Germany is based on entrepreneurial
commitment and the vision of family-owned companies', emphasises Christian
Rödl. 'We can give these companies comprehensive support worldwide and
establish our own offices wherever German industry invests. Our business
model to offer multi-disciplinary and cross-border consulting and auditing
services to German companies with our own offices and staff outside Germany
is unique in this combination.'
Excellent prospects - 200 new staff planned
In the current year, given the dynamic development in the project business,
Rödl&Partner also expects considerable growth. The company is continually
looking for legal attorneys, tax consultants, business consultants and
auditors. The number of staff worldwide is set to rise by 200 new
colleagues. 'Also in this year we will enjoy substantial growth',
emphasises Martin Wambach. 'This is true for our key locations in Germany
and also for our offices abroad. Applicants are attracted to our
multi-disciplinary and international position. In addition, we continue to
be open to take on board complete teams which fit in with our structure.'
In June at the international management conference Rödl&Partner will
appoint 22 new partners, thereby raising their number worldwide to 157. A
clear signal for sustainable growth.
Press contact:
Matthias Struwe, Press officer
Tel.: +49 (0) 9119193-2845, email: matthias.struwe(at)roedl.de
Contact partner:
Thorsten Widow, Head of Corporate Communications
Tel.: +49 (0) 9119193-2840, email: thorsten.widow(at)roedl.de
Photos of the annual press conference
Photos of your contacts and of the annual conference can be downloaded from
the Rödl&Partner press centre online at www.roedl.de/pressecenter.
About Rödl&Partner
Rödl&Partner is active at 87 wholly-owned locations in 39 countries. The
integrated firm for audit, legal, management and tax consulting owes its
dynamic success to over three thousand entrepreneurial colleagues. In close
collaboration with our clients we develop information for well-founded
economic, tax, legal and IT decisions that we implement together - both
nationally and internationally.
What sets us apart
Rödl&Partner is not a collection of accountants, auditors, lawyers,
management and tax consultants working in parallel. We work together,
closely interlinked across all service lines. We think from the client's
perspective, bringing together a project team that possesses all the
capabilities to be successful and to realize the client's goals.
Our multidisciplinary approach is not unique, nor is our global reach or
our traditional strong presence among family businesses. It is the
combination that cannot be found anywhere else - a firm that is devoted to
comprehensively supporting foreign direct investment anywhere in the world.
More information on Rödl&Partner is available at www.roedl.com.
The full version of this press media release including tables is available
as PDF file: http://bit.ly/MzbFOE
End of financial news
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25.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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171522 25.05.2012
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Datum: 25.05.2012 - 11:00 Uhr
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