As Serban Toader, Senior Partner of KPMG in Romania states “To achieve growth in such a difficult economic climate is a real achievement. It is a tribute to the dedication of our staff, who have been proactive in adapting to the new environment by developing new services to meet clients’ current needs. Our emphasis in 2009-10 has been to innovate, and to focus not only on our core functions- Audit, Tax and Advisory- but also on Lines of Business, to serve the requirements of key industries. Our Lines of Business deliver coordinated services, often combining the work of professionals from more than one function. This means that we have been able to provide a broad package of services, often dealing with several issues the client needed help with at the same time.
Around 20% of our current turnover was obtained by new services which were not there two years ago. As Toader continues: “This result shows that we made the right decision two years ago to invest in new lines of business. We correctly anticipated market trends, and this is why we have still managed to increase our turnover. Our good results are particularly encouraging at a time when overall the consultancy market has shrunk. This means that not only have we improved our turnover, but also we have increased our share of the market.”
However, as Toader adds: “We can certainly celebrate the 2009-10 results, but we will not become complacent. The economic climate remains very uncertain, and it is still too early to talk about recovery as far as Romania is concerned. So we must continue to concentrate closely not only on clients’ current needs, but also on their likely future requirements, and continue to work well together as a team. And we will!"