Mazars remains on track for success with strong and sustained growth

08 February 2022, Geneva: Mazars in Switzerland, a major player in the audit, tax and advisory field, today announces an increase of revenues of 9% in its 2020/2021 financial year (1 September 2020 – 31 August 2021). The audit, outsourcing and financial advisory activities in particular contributed to the positive results with a double digit growth.

Mazars Group exceeds 2 billion euros in sales for the first time

Mazars group reached fee income of €2.1bn, representing a 12.3% increase (excluding forex impact of -1.6%) compared to the previous financial year. These results make Mazars one of the fastest-growing audit and advisory firm in Switzerland and worldwide.

Expansion in German-speaking Switzerland

Today, audit activities account for 50% of Mazars’ revenues in Switzerland, while advisory activities represent the other half. The performance of all service lines drives the excellent results for the 2020/21 financial year, with a 12% increase in audit activities, 13% in outsourcing and 15% in financial advisory. Despite the pandemic, the company saw an 8% increase in its number of employees. 

Commenting on the Swiss financial results, CEO of in Switzerland José Caneda says: ”Our sustained and continuous growth, based on a balanced strategy of our activities, put us in a strong position to develop our market position especially in the Swiss German part of Switzerland. We are glad to expand in the large corporate segment while remaining strong in the middle market.”

Mazars ranked 5^th in the European audit market for the PIE segment

At group level, we continued to grow our audit practice (+8.5%): today we audit 2,400 PIEs worldwide, 1,200 headquartered in Europe, 960 listed on a regulated market, and more than 480 listed in Europe. Mazars is ranked 5th in the European audit market for large and listed European companies. Beyond audit, we grew significantly in financial advisory (+15.7%) and consulting (+7.9%). 

Commenting on the group’s financial results, CEO and Chairman of Mazars Group Hervé Hélias says: “2021 was an excellent year in terms of our business and financial performance. All our service lines and geographies progressed well, and we won significant new business across large and listed companies as well as businesses of all sizes, including major international corporations.

Beyond financials: Responsibility and sustainability as the new foundations of business performance

Responsibility and sustainability have become important foundations of business performance and are vital to build confidence and trust in markets, corporations and public institutions., The call for a more sustainable future has never been stronger. Businesses are – rightly – under pressure from everywhere to change how they grow. 

Today, expectations on businesses go beyond financial performance to encompass extra-financial criteria and the role of auditors increasingly goes beyond financial transparency. In this context, Mazars’ core mission has never been more compelling. 

“ESG is an essential part of the growth equation for our business. We have developed sustainability training courses for our staff and are working with clients to help them prepare for ESG reporting according to the new Swiss regulations and international standards and integrate sustainability strategies into their business models,” says Caneda. 

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About Mazars  

Mazars is an internationally integrated partnership, specialising in audit, accountancy, advisory, tax and legal services*. Operating in over 90 countries and territories around the world, we draw on the expertise of more than 44,000 professionals – 28,000+ in Mazars’ integrated partnership and 16,000+ via the Mazars North America Alliance – to assist clients of all sizes at every stage in their development. In Switzerland, Mazars relies on more than 300 professionals in our offices in Zurich, Bern, Delémont, Fribourg, Geneva, Lausanne, Neuchâtel and Sion. 

*Where permitted under applicable country laws