Ebner Stolz Posts Record Revenues and Repositions Itself Internationally
- Revenues up 15.2% in fiscal year 2022
- Growth in audit, tax consulting, legal services and management consulting
- The firm joins RSM, the No. 1 global network for medium-sized businesses
Stuttgart, March 14, 2023 - Ebner Stolz has experienced significant growth. The auditing and consulting firm, which specializes in medium-sized businesses, achieved a record in the firm’s history in fiscal year 2022 with revenues of EUR 343.5 million (+15.2%). All four business areas - audit, tax consulting, legal consulting and management consulting - posted significant positive growth. Growth in legal consulting and tax consulting was particularly strong, benefiting from heavy demand in the areas of transactions and succession solutions.
Ebner Stolz in Figures
“Our success shows we are the leading auditing and consulting firm for small and medium-sized businesses in Germany. We are very proud of our strong growth. I would like to thank all our employees for this outstanding team performance. This is an excellent starting position as we take our business to the next level,” says Holger Jenzen, Partner and Spokesperson of the Ebner Stolz Partnership.
Ebner Stolz Sets Course for International Growth
On October 1, 2023, the firm will join RSM, the world’s leading audit and consulting network for medium-sized businesses. With revenues of more than USD 8 billion, the RSM network is one of the top six audit and consulting networks in the world. More than 57,000 employees are part of the network, spread across some 830 offices in 120 countries.
“We serve far and away the majority of internationally active medium-sized companies. Together with RSM, we will support our clients even better in the future, such as with uniform global standards. Our expertise and experience will enrich the powerful RSM network,” said Jenzen. “For our employees, our membership will result in new training opportunities in the RSM Academy as well as attractive overseas assignments.”
“I am delighted that Ebner Stolz is joining RSM. The Ebner Stolz team will be an invaluable asset to our global organization. Together we will achieve our ambitious goals. We are a great cultural fit, and both of us value long-term relationships with our clients and employees based on deep understanding and trust,” said Jean M. Stephens, CEO of the RSM Network.
The RSM network follows the principle of being active in each country with a member firm under the RSM brand. For this reason, Ebner Stolz will operate under the name ‘RSM Ebner Stolz’ upon joining. The ownership structure, partnership structure and freelance culture of the firm will remain unchanged.
Transactions, Regulatory Changes and Megatrends Drive Growth in All Business Areas
In fiscal year 2022, audit will contribute the largest share of revenue to the success of the firm, with EUR 137.8 million. Demand was particularly brisk for audit-related consulting services, internal auditing, transaction consulting and sustainability reporting.
With an increase in revenues of around EUR 17.2 million compared to the previous year, tax consulting reported the largest growth in absolute terms. There was particularly strong demand for advice on corporate transactions and restructuring as well as foreseeable regulatory changes.
More than 10% of total revenues were attributable to management consulting. Important focal points here were support for restructuring and reorganization in critical situations, as well as the implementation of transformation programs, complex M&A deals, strategic alliances and digital technology initiatives in finance and accounting.
The most dynamic growth in the past fiscal year was reported by Legal Consulting (+27.5%). In particular, the support of transactions in the healthcare industry and the areas of labor and employment law, litigation, reorganizations and legal compliance can be mentioned as drivers of growth. In addition, consulting in the areas of antitrust law and product safety and liability was expanded.
Partnership Spokesperson
Prof. Dr. Holger Jenzen
Ebner Stolz
Kronenstrasse 30
70174 Stuttgart
Phone +49 711 2049-1212
holger.jenzen@ebnerstolz.de
Press Contact
Isabell Zemelka
Ebner Stolz
Kronenstrasse 30
70174 Stuttgart
Phone +49 711 2049-1500
isabell.zemelka@ebnerstolz.de
About Ebner Stolz
Ebner Stolz is one of the largest independent medium-sized auditing and consulting firms in Germany and ranks among the top ten in the industry. The firm has decades of in-depth experience in auditing, tax consulting, legal consulting and management consulting. This broad spectrum is offered by more than 2,100 employees in the typical multidisciplinary approach in all major German cities and business centers. As a market leader in the SME sector, the firm mainly serves medium-sized industrial, commercial and service companies in all sectors and sizes.