RSM increased its turnover by 14.9 % to EUR 89.5 million in 2020

RSM GmbH has continued to enhance its position as one of the leading mid-sized audit and tax advisory firms in Germany. In the 2020 financial year RSM recorded a turnover of EUR 89.5 million. The forecast for the future is also positive: By the 2022 financial year RSM has its sights set on reaching its target of EUR 100 million in revenue.

In the 2020 financial year RSM GmbH increased its turnover in Germany by 14.9 percent to EUR 89.5 million. Already in the prior year RSM had recorded a strong revenue growth with a 30 percent increase from EUR 60.3 million to EUR 77.9 million. The growth achieved in 2020 was nearly exclusively organic while in 2019 it was half organic and half inorganic. In addition, RSM was again able to win significant clients in all areas.

Positive development in nearly all service lines

Despite the coronavirus, all service lines developed gratifyingly. Only the service line, Transaction Services & Consulting, noticed projects were being held back owing to the pandemic. From the total revenues of EUR 89.5 million earned in 2020, EUR 28.7 million were generated by the service line, Audit & Assurance (2019: EUR 26.1 million), EUR 44.1 million by the service line, Tax (2019: EUR 36.5 million), well to EUR 2.5 million by the service line, Legal Advisory (2019: EUR 1.5 million) and EUR 14.2 million by Transaction Services & Consulting (2019: EUR 13.8 million).

Last but not least RSM in Germany also benefited from the positive development of the international RSM network, whose 2020 turnover increased by 9.2 percent to USD 6.3 billion. RSM again ranks 6th among the largest audit and tax advisory firms worldwide.

Turnover growth also forecast for 2021

Even if the current situation appears to be recovering economically, it is a challenge to make a serious forecast. Nevertheless, RSM is optimistic for 2021 and expects again to generate a surplus in revenues. “We are particularly proud of having largely achieved our growth organically in 2020. We even consider it possible to succeed in achieving our 100 million euro target in revenues in 2021. At the latest it must be possible to reach this goal in 2022,” says Santosh Varughese, Managing Partner of RSM GmbH in Germany. “The reasons for this positive development are manifold complex factors.  In the end it is our great employees, who, through their commitment and high quality work, ensure that our clients are satisfied,” as Varughese explained further. “Client satisfaction is also noticed by potential clients so that RSM is continuously gaining a number of new clients. The worldwide development of the firm continues to make us optimistic.”

About RSM
RSM is tenth among the mid-sized independent and partner-led audit and tax advisory firms in Germany. In 17 offices more than 700 employees, among whom as qualified professionals are more than 200 auditors, tax advisors and lawyers, who take care of mainly medium-sized companies with their questions concerning auditing, tax consulting, transactions, management consulting and legal advice. RSM GmbH also advises its clients worldwide through the RSM network that has more than 48,000 employees in 820 branches in 120 countries.

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RSM GmbH                                                                 
Georg-Glock-Straße 4
40474 Düsseldorf                                

+49 211 60055400                              
presse@rsm.de

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