Having generated revenue of CHF 430.0 million (-1 percent), KPMG Switzerland recorded a solid result despite the economic slowdown of the last few months. With total revenue reaching CHF 89.2 million (+4.8 percent), Advisory managed to reverse the trend following a successful realignment, and Tax exceeded the previous year’s record high, generating CHF 117.0 million (+1.2 percent). Only Audit paid the price for the adverse environment with revenue of CHF 223.8 million (-4.3 percent), but was able to acquire some key new engagements thanks to its market proximity.
In a very demanding market environment, KPMG Switzerland succeeded in generating gross revenue of CHF 430 million (-1.0 percent) in the business year ending 30 September 2011, closing the year with a solid result almost on a par with that of the previous year. The results primarily suffered in the last few months because of the economic slowdown.