DGAP-News: Rödl&Partner doubles growth / Reinforcing lead position among professional service firms for European mid-tier business
(firmenpresse) - DGAP-News: Rödl&Partner GbR / Key word(s): Final Results/Forecast
Rödl&Partner doubles growth / Reinforcing lead position among
professional service firms for European mid-tier business
26.05.2011 / 11:30
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Rödl&Partner doubles growth / Reinforcing lead position among
professional service firms for European mid-tier business
- Worldwide growth of 8 per cent with revenues up at EUR 235.2 m
- New leadership generation: 2011 firm management team aiming high
- Successful business model: worldwide multi-disciplinary professional
services
- International expansion: new locations announced in Latin America,
Western Europe and Central Asia
Nuremberg, 26 May 2011: Rödl&Partner continues their unique growth story.
In the 2010 financial year (31 Dec 2010), revenues rose by 8 per cent to
reach EUR 235.2 m. The number of partners and staff increased marginally to
3,050. The continued growth allows Germany's leading independent accounting
and advisory firm to further strengthen its position as one of the
best-known professional services specialists for international business
organisations, many of which are closely held and German headquartered.
After the successful handover to a young and ambitious team of managing
partners as of 2011, the firm continues to build on its strength as a
multi-disciplinary practice with a special focus on European mid-tier
business.
'In 2010 we exceeded our targets. Our clients count on our comprehensive
service experience and on our global presence', explains Christian Rödl,
spokesperson of the board of managing partners at Rödl&Partner. 'In
addition to our traditional focus on manufacturing and services industries,
we see growing demand coming from private equity firms and organisations
interested in M&A activity. These clients appreciate our experience with
family-owned companies and value our entrepreneurial approach to our
profession.'
Rödl&Partner sees this as a resounding affirmation of its business model.
'Our cross-border, multi-disciplinary professional services exactly meet
the requirements of many closely-held businesses. In the future, we will
continue to focus on worldwide growth based on our own resources with our
offices worldwide', emphasises Christian Rödl. 'Furthermore, we are open to
consider the integration of successful smaller practices and teams provided
we see a real fit with our special corporate culture.
In the last financial year Rödl&Partner recorded strong growth in the
four business areas of legal and tax advisory services, business consulting
and audit&accounting. In particular, there was exceptional growth of 65
per cent for consulting services including IT consulting. Demand is very
strong for consulting services with corporate transactions, internal audit,
risk management, corporate finance, cloud computing and outsourcing.
At the end of 2010 Rödl&Partner founded 'Rödl IT Operation' (RIO)
specialising in outsourcing and operation of complete IT infrastructures
for upper-market closely held business organisations, based on SAP. 'RIO
has enabled us to enter the top league of IT consulting providers for
German medium-sized companies', explains managing partner Wolfgang Kraus.
'In 2010, we also experienced dynamic growth in the area of business
consulting. There is a vibrant demand for consulting services in the areas
of M&A, company valuations and corporate finance. We plan to further expand
our management and IT consulting services and especially also to prepare
for substantial international growth.'
Against the trend, Rödl&Partner was able to expand its audit activities
and gain further market share. Here the provision of audit-related services
continues to gain in significance. 'Statutory audit is no longer seen as an
analysis merely related to the past. Accountants today often take on an
advisory function to elaborate future-oriented concepts for corporate
planning, from procedures and processes up to risk management', stresses
managing partner Martin Wambach. 'The focus of our activities is the
integration of international reporting processes, the further development
of the accounting system into a comprehensive management information
system, and also cash management. Our integrated service approach allows us
to call on the support of our own specialist teams. That gives us a
decisive competitive edge.'
The orientation towards the growth area of renewable energy has also proven
to be a factor for success in the international consulting business.
Consulting services are provided to project developers and companies in the
areas of solar energy, wind energy, biomass and geothermal energy all
around the world. 'In the energy sector, we are a leading consulting firm
in thriving markets such as Germany, Italy, Spain, China and the US',
emphasises Christian Rödl.
Business expanded in 2010 in the area of real estate and in particular with
property investment funds. The acquisition of the 'Hamburger Meile'
property at the beginning of the year was one of Germany's largest real
estate transactions in 2010 and was completed with the help of Rödl&Partner legal and tax advisory services. 'Despite difficult market
conditions, we managed to further consolidate our leading position with
consulting services for unit trusts. In the meantime, our legal and tax
specialisation in combination with in-depth expertise has enabled us to
become a prime address for this field in Germany', reports Christian Rödl.
Business continued to grow in the public sector where in Germany Rödl&Partner has become a market leader. The focus here is the provision of
advisory services for the Federal government, German states, local
authorities and public sector companies in fields such as energy,
transportation, health, social services, water supply and real estate.
Growth drivers for consulting services to the public sector in the last
year were support for cities in the changeover to commercial accounting
(Doppik), budget consolidation and strategic consulting services for public
utilities. 'Our business model is perfectly matched to projects such as
budget consolidation because here there is a need for extensive expertise
in commercial, tax and legal matters', points out Martin Wambach. 'Last
year in Germany we successfully provided advisory services for budget
consolidation to more than 50 cities and local authorities.'
International offices drive growth
The opening of a new office in Georgia at the beginning of 2010 served to
further expand our presence in the CIS region. The number of offices has
therefore now risen to 85. Further expansion into Belgium, the Netherlands
and Mexico is being prepared. 'It proved to be the right decision during
the financial and economic crisis to be loyal to our people and our
investment destinations outside Germany. Where other organisations changed
track during the crisis, we maintained our course. The firm's current
dynamic development is a direct result of this', says Christian Rödl. 'Now
we are in an ideal position to participate in the strong upswing worldwide.
Since the middle of 2010 the number of company acquisitions abroad has
increased substantially. Many German companies have taken over competitors
or previous joint venture partners and are strengthening their presence on
the world market. Our international M&A advisory services are experiencing
a boom.'
Prospects: new management generation - strategic growth planned
At the end of 2010 founding partner Bernd Rödl, 67, retired from the
management of the firm. Preparations for the handover had begun 5 years ago
already. 'It is with pride that we are able to bring in the next generation
of a well-established and strong management team to enable us to continue
our success story. All seven managing partners have held leading positions
within the firm for more than ten years. This continuity and reliability is
an important component of our corporate culture and values', explains
Christian Rödl.
Rödl&Partner expects strong further growth in the coming year. 'We are
experiencing an unbelievably dynamic development in the upper mid-tier
businesses that we follow', says Christian Rödl. The expansion of
international locations continually requires lawyers, tax consultants,
business consultants and accountants. 'In the current year, Rödl&Partner
plans to take on between 100 and 200 new staff around the world. In
Germany, in particular, the offices of Eschborn, Hamburg, Cologne, Munich,
Nuremberg and Stuttgart will be further expanded.'
Justification of this optimism is indicated by today's Forum Going Global,
an international investment conference held at the Nuremberg head office of
Rödl&Partner with more than 700 participating this year. In its twelfth
year, the event has become one of the largest conferences on foreign
investment and international business in Germany.
Your contacts:
Prof. Dr. Christian Rödl, LL.M.
attorney at law, certified tax consultant
managing partner, spokesperson
Tel.: +49 (0) 911 9193 1000
Email: christian.roedl(at)roedl.de
Dipl.-Kfm. Wolfgang Kraus
certified public accountant, certified tax consultant
managing partner
Tel.: +49 (0) 911 9193 3333
Email: wolfgang.kraus(at)roedl.de
Dipl.-Kfm. Martin Wambach
certified public accountant, certified tax consultant
managing partner
Tel.: +49 (0) 221 9499 09 100
Email: martin.wambach(at)roedl.com
Press Contact:
Matthias Struwe
Eye Communications
Tel.: +49 (0) 761 1376221
Email: m.struwe(at)eyecommunications.de
Photos of your contacts and of the annual conference can be downloaded from
the Rödl&Partner press center online at www.roedl.de/pressecenter .
Profile
Rödl&Partner, with 3,050 people in 85 own offices and 38 countries, is
the leading independent professional service firm for German business with
international operations. The success factors for Rödl&Partner are
excellent interdisciplinary expertise in the fields of law, tax, business
consulting and audit&accounting, the extensive experience over many years
with cross-border activities, sustainable development of staff and
intrinsic entrepreneurial drive.
Rödl&Partner is specialised in offering comprehensive services which are
often ideally suited for closely-held, family-owned businesses. Its mission
is to offer clients at home and around the world the best possible support
to enable them to achieve their business objectives. Clients have a contact
person who co-ordinates all necessary legal, accounting and audit
consulting services. This allows our international clients to completely
focus on business growth.
When in a consulting role, Rödl&Partner professionals also see themselves
as entrepreneurs. Rödl&Partner was founded in 1977 and since then has
managed to grow organically. Since 1990 the firm has built up a network of
own offices in Central and Eastern Europe, Western Europe, Asia, America,
Africa and the Middle East. This allows us to offer clients transnational
professional services with specially trained professionals, and in the
German language.
More information on Rödl&Partner is available at www.roedl.com.
End of financial news
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126310 26.05.2011
Datum: 26.05.2011 - 11:30 Uhr
Sprache: Deutsch
News-ID 34223
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