KPMG in Romania announces a turnover of Euro 35 million for the financial year ended 30 September 2011 (Euro 34 million as at 30 September 2010). These results are based on financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and cover the operations of KPMG in both Romania and the Republic of Moldova. Compared to the previous financial year, KPMG has achieved a 3% increase in turnover, consolidating the positive trend of the last few years in spite of the difficult economic climate. The results for Tax and Legal Services account for 21% of the total turnover, while Advisory and Audit Services represent 26% and 53% respectively of total turnover.
Serban Toader, Senior Partner at KPMG in Romania comments: “We are pleased with the performance achieved at a time when the consultancy market in Romania has contracted, and when the economic climate remains uncertain. We have succeeded in retaining and attracting the talented people we wanted, and a confirmation of their dedication is their proactive actions and power to adapt to the new business environment, developing new services to meet the current needs of our clients.”
Serban Toader concludes: “Our strategy for the following 3 years is ambitious, but it is underpinned by our global and regional resources and over 600 specialists in Romania. The business climate remains tough and we are constantly on the lookout for new ways in which we can help clients to progress, to reduce the inherent risks, offering them the comfort they need to manage the stress of these uncertain times and have control over the performance of their companies.”