Successful financial year 2021
Successful financial year 2021
The coronavirus pandemic continued to exert a strong influence on the economy and society in 2021. Challenges also emerged as a result of dynamic market developments and new risk management requirements. BDO managed to increase revenue from CHF 233 million to CHF 247.1 million in this challenging environment. The acquisition of Business Broker AG in March 2021 enabled BDO to enhance the service portfolio in the areas of succession planning and the sale of companies. The newly acquired company also made a positive contribution to revenue.
Sharing mindsets — shaping the future
The list of economic challenges is growing and demands fresh perspectives and meaningful solutions. This complex environment makes it all the more important for BDO to understand clients and help point them towards potential solutions that meet their entrepreneurial and personal needs. Thomas Studhalter, CEO of BDO. says: «Our success is aligned to the pursuit of sustainable impact. Trust in our brand is based on our strong values and long-term strategy geared towards the needs of our clients.»
Individual BDO areas at a glance
Audit enjoyed renewed positive development, with revenue up 10.2 percent to CHF 84.6 million. The pandemic, continuing strong price pressure and a shortage of qualified workers made for a difficult market environment. In 2021, BDO succeeded in responding to changing market needs and in meeting the high expectations for audit and advisory services.
Business Solutions generated revenue of CHF 74.6 million in the financial year 2021, an increase of 1.1 percent. The pandemic year 2021 stoked demand for advisory services around the topics of hardship measures, short-time work compensation and Covid-19 credits.
Tax & Legal recorded a 0.8 percent increase in revenue to CHF 28.7 million in 2021. BDO once again actively supported clients in the past year as they adapted to new legal requirements and prepared for shifting conditions.
Thanks to booming stock markets, the financial industry looks back on a good year even though negative interest rates and rising costs added up to a persistently tough environment. Financial Services, as a provider of audit and advisory services, performed strongly in this environment and increased revenue by 10.6 percent to CHF 19.5 million.
Other services: Revenue within other services grew by 9.4 percent to CHF 39.7 million in 2021. In what remained a dynamic M&A market, the advisory volume increased, building further on the strong year 2020. Having grown in the prior year, Abacus was not quite able to match the level again.
Key performance indicators
| BDO Switzerland | 2021 | 2020 | Change |
| Revenue from services (CHF million) | 247.1 | 233.0 | + 6,0% |
| Revenue by area (CHF million) | |||
| Audit | 84.6 | 76.8 | +10,2% |
| Business Solutions | 74.6 | 73.8 | +1,1% |
| Tax & Legal | 28.7 | 28.5 | +0,8% |
| Financial Services | 19.5 | 17.6 | +10,6% |
| Other services* | 39.7 | 36.3 | +9,4% |
| BDO network | |||
| Global revenue (USD million) | 11 800 | 10 300 | +10,8% |
| People | 95 414 | 91 054 | +4,8% |
| National member firms | 164 | 167 | -3 |
* Real Estate, Abacus/IT, Corporate Finance, miscellaneous advisory services
Further information on our business performance in 2021 is available at www.bdo.ch/ar2021.
Contact
Evelyne Oechslin/Bernhard Kobel
Media Office
BDO Ltd
+41 32 624 66 99
media@bdo.ch
About
BDO Ltd is one of the leading audit, business services and advisory firms in Switzerland. We offer services in our core areas of expertise: audit, financial services, business services and outsourcing, tax and legal advisory, and management consulting. With 34 offices in Switzerland, BDO’s network offers the most extensive coverage in the industry. For BDO’s people – around 1,500 professionals – close links and expertise are the key to successful and lasting relationships with our clients. BDO Ltd audits and advises industrial and service sector companies, including SMEs, listed companies, public authorities and non-profit organisations.
For clients with an international focus, BDO draws on a global organisation spanning more than 160 countries. BDO Ltd has its head office in Zurich and is an independent, legally separate Swiss firm belonging to the international BDO network, whose head office is in Brussels (Belgium).