BDO is an international network of public accounting, tax and advisory firms which perform professional services under the name of BDO. BDO announces a total combined fee income of US$8.99 billion / €7.56 billion for the year ended 30 September 2018, representing a year on year growth of 10.7% in US$ and 8.3% at constant exchange rates.
The global organisation’s continued and accelerating growth rate is borne of a clear strategic aim to be leaders in their markets, supported by relevant business-critical acquisitions, such as cybersecurity companies. Now represented in 162 countries and territories, BDO saw consistent growth across all regions in 2018, with the strongest revenue increase in EMEA (+17%), followed by the Americas (+7.8%) and Asia Pacific (+6.6%).
BDO’s culture of helping our people, our clients and society at large succeed is reflected in the organisation’s consistent expansion in headcount – aided by strategic lateral hires: up 8.4% this year to 80,087 people, working out of 1,591 offices worldwide and on-hand to assist clients as they grow, wherever they choose to conduct their business.
Since our founding in 1963, the BDO story has been one of continuous response to our clients’ and our people’s ever-changing needs. Our history is relevant today because our clients value the continuity and stability of a network that has developed so successfully over more than fifty turbulent years. Equally, our partners and staff know that they are working for a well-established organisation that is built upon clear values and a successful past.
The initial international organisation was known as the Binder Seidman International Group, formed by respected firms that were already well established in Canada, Germany, the Netherlands, the UK and the USA, and wished to share and expand their knowledge in order to better serve their clients. In 1973 the network adopted the name BDO, made up from the initials of the three founding European member firms: Binder (UK), Dijker (Netherlands) and Otte (Germany).
But for BDO, it does not stop there. We live and operate in a challenging environment characterised by an unpredictable global economy, ongoing political upheavals and the ever-present threat of terrorism. In common with all businesses, we must take strategic decisions to ensure that we can continue to attract global clients, enter new markets, improve performance and manage risk. We have invested in global infrastructure, technology and we are ready: this is what sets us apart from our competitors.
Above all, we will continue to deliver the exceptional client service for which we are known, because this is what differentiates us in our market. Technical excellence is a given, but our exceptional client service programme is embedded in our strategy and undertaken on a truly global level.