Brussels, 1 October 2008 – Deloitte, the largest professional service provider in Belgium, announced its financial results for the fiscal year 2008 today. FY08 was a particularly strong year for Deloitte Belgium with revenue growth at 15% taking net revenues to 308 mio €.

Deloitte Belgium’s business units Accounting, AERS, Consulting and Tax have enjoyed major success and growth, strengthening their respective positions.

Furthermore, when looking at the Firm’s results per industry, growth was recorded in nearly all sectors. The highest increase came from: Aviation and Transport (+120%), Public sector (+32.0%) and Financial Services (+22.0%). These three industries, together with Manufacturing, delivered almost 60% of the Firm’s total growth in FY08.

Deloitte: a strong leadership position in Belgium

Deloitte strengthens its position as the biggest professional service provider in Belgium and distinguishes itself as the only firm with a strong consulting arm and a network of local offices.

Rik Vanpeteghem: “The last two years, we have noticed a growing need from our customers for a multidisciplinary approach, covering a wide range of services and solutions and involving various technical disciplines. Over the past year, the percentage of clients to whom we deliver more than one type of service has considerably increased. This growing need for a multidisciplinary approach and the power of cross-functional working is illustrated by our strong 15% growth for FY08. To reach this growth, we hire 700 new people every year, among which 350 are freshly graduated, representing a 10% net increase and positioning us as a leading recruiter on the Belgian market.”

Rik Vanpeteghem comments on the impact of the credit crunch on Deloitte’s business today: “Although strong demand for our services has continued in most areas of the business throughout the first few months of FY09, we have to remain vigilant as the shock waves of the financial and economic crisis continue to reverberate. We are keeping a close eye on economic developments and how they might affect our business. Within the current economic climate, it will be necessary to focus our services where they are most needed, adapt them to changing customer needs and accelerate our innovation capacities. This will be the best way to enhance our prospects of continued profitable growth”.

Deloitte: the global picture

The Belgian Firm is member of Deloitte Touche Tohmatsu (DTT), which reported a record FY08, with an overall growth of above 13 %, taking the net revenues to 27 Billion US.

On the twelfth position of the Deloitte member firms ranking, Belgium has an important position in the global network of Deloitte Touche Tohmatsu. Globally, the Firm now employs some 165,000 people operating in around 140 countries.