All four services lines have contributed to this positive development. The highest percentage increase in sales compared with that of the prior year was in the service line Transaction Services & Consulting. After feeling a certain restraint in the market due to the coronavirus in 2020, it picked up again in 2021.
Of the 101.2 million euros in revenue generated in 2021, 30.8 million euros came from the service line Audit & Assurance (2020: 28.7 million euros), 48.8 million euros from the service line Tax (2020: 44.1 million euros), just over 3.1 million euros from the service line Legal Advisory (2022: 2.5 million euros) and 18.5 million euros from Transaction Services & Consulting (2022: 14.2 million euros).
“We are proud that we reached our sales target earlier than planned by growing purely organically. This increase in contrast to sales of 60 million in 2018 shows that the strategy we implemented at the beginning of 2019 has been successful”, said Santosh Varughese, Managing Partner of RSM GmbH in Germany. “A huge thanks to all of our colleagues, who made this success possible by their great dedication.”
In 2022 RSM has already been showing signs of continued organic growth, which has been supplemented inorganically by acquiring HTG Wirtschaftsprüfung GmbH in Berlin at the beginning of the year. HTG focuses on international services, restructuring and liquidator services that optimally expand the range of services RSM GmbH can offer. Not only does it expand the Berlin office, but the Leipzig region can comprehensively benefit from the former HTG office located in Halle. RSM now has a total of 19 offices and is well equipped for consulting discerning clients.
RSM GmbH is therefore looking optimistically into the future. “The image, visibility and service range of RSM have enormously developed further,” according to Varughese. “We see that the number of new clients is steadily rising, and the growth of the world-wide RSM network also gives us confidence. 2022 has already begun to be a very promising year.”
RSM GmbH is one of the leading medium-sized auditing and tax consulting firms in Germany. With more than 800 employees, including over 250 professionals, we are represented at 19 offices. As part of the global RSM International network, we are also able to offer our clients worldwide services to the highest standard. With more than 51,000 employees in over 860 offices in around 120 countries, RSM International is one of the leading networks of independent audit and consultancy firms.