European consultancy BearingPoint announces strong growth in revenues

Revenues rise 8.4 percent to 550 million euro

Amsterdam, January 28, 2014 - BearingPoint, one of Europe’s leading management and technology consultancies, recorded revenues of 550 million euro in 2013, up 8.4 percent over the previous year. At the same time, the firm increased its global reach and strengthened its worldwide portfolio. BearingPoint opened new offices in China as well as in Ukraine and established new strategic alliances in Turkey and Spain. BearingPoint now has 30 subsidiaries in 18 countries and, together with its global consulting network, serves clients in more than 70 countries. In addition, at the end of 2013 the firm acquired the German-based risk management and reporting specialist RiValue as well as the UK-based operational performance consultancy Trinity Horne. BearingPoint showed profitable growth driven by both geographic expansion and organic growth, and is confident about the future ahead.

Projects focused on sustainability, regulation and digitalization, as well as in Asset Based Consulting were strong drivers of business growth. This growth was achieved across a number of industry segments including the Banking & Capital Markets segment which saw double-digit growth rates.

New challenges for consultancies

“Issues such as Big Data, the network society as well as increasing regulation are driving fundamental changes for the business world. In addition, the pressure on companies to develop sustainable business models in the wake of financial crises and resource shortages require innovative ideas. This leads to new challenges - not only for the management of companies, but also for consultancies. More than ever, we need to connect business strategies with new technological developments and opportunities and adapt the consulting approach to rapidly changing customer requirements. We achieve this by combining management and technology capabilities worldwide,” says Peter Mockler, Managing Partner BearingPoint. “Our business growth is a reflection of the tangible business value that our consulting services deliver for our clients. This is also underlined by the fact that we have not simply grown by expansion. On the contrary, our growth is sustainable, stable and profitable. Our services are valued by clients.”

For the current year, BearingPoint plans to continue its strategy of international growth with the opening of new offices and another global alliance soon to be announced.

About BearingPoint

BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our 3350 people, together with our global consulting network serve clients in more than 70 countries and engage with them for measurable results and long-lasting success.

For more information, please visit: www.bearingpoint.com