In a dynamic yet extremely uncertain environment, KPMG achieved good results and boosted its net revenues by 3.3 percent to CHF 370.5 million. With revenues totaling CHF 192.9 million (-0.3 percent), Audit remained steady at the same high level despite negative price effects, while Tax set a new record with revenues of CHF 112.9 million (+2.9 percent). Advisory saw above-average performance which enabled it to significantly increase its net revenues to CHF 64.7 million (+16.6 percent). The headcount rose by 3.4 percent during the period under review.
During the fiscal year ending 30 September 2013, KPMG Switzerland succeeded in achieving good results and closed the year with net revenues totaling CHF 370.5 million, 3.3 percent higher than the previous year. In terms of regulatory issues the environment is highly dynamic and is characterized by growing levels of technological proliferation. Business was also affected by continued uncertainty due to the increasing indebtedness of key Swiss trading partners, however, which manifested itself in delayed investment decisions. Markets are in a state of transition.