Contact: Jo Ouvry
Deloitte
Public Relations
+44 (0) 20 7303 0587
Deloitte in the UK today announced unaudited interim results for the six months ended 30 November 2005.
John Connolly, Deloitte Senior Partner and Chief Executive, commented:
“Our business performance was strong across all divisions. We have added significant resource over the last year: professional headcount has been increased by 10% and we promoted and hired 50 new partners.
“We continue to attract the highest quality clients across all our business segments, especially to support them with complex developments and transactions. The resurgence of mergers and acquisitions activity has been a key growth driver. Our M&A Group now embraces skilled teams in Transaction Support which includes tax, financial, commercial and operational due diligence, post merger integration (where we lead the market), corporate finance and strategy consulting, debt advisory and specialised finance. Our dedicated private equity teams have been especially active as Private Equity houses expand significantly their involvement in major transactions across Europe.
“We are benefiting from our strategy to build the breadth of our professional skills and especially the depth of our industry expertise. During the period we have been especially active advising clients in a number of sectors including the Public Sector; Technology, Media and Telecoms; Financial Services; Energy and Utilities; Life Sciences; and Consumer Business.
"There has been strong demand for services which address a range of strategy execution activities, including revenue growth, cost optimisation, attention to risk management, regulation and organisation design. Likewise our growth has been stimulated by significant advisory & support involvement in major business & technology programmes in both the public & private sector.
“We anticipate the rest of the year continuing to be very busy. The Deloitte team continues to excel in delivering the highest quality services to all our clients and I wish all of our people a Merry Christmas.”
|
2005 |
2004 |
Change |
|
£m |
£m |
% |
| TURNOVER |
|
|
|
| Audit |
213.9 |
183.1 |
16.8% |
| Tax |
208.4 |
191.7 |
8.7% |
| Consulting |
188.0 |
151.5 |
24.1% |
|
Corporate Finance
|
137.6 |
123.6 |
11.3% |
|
|
|
|
|
747.9 |
649.9 |
15.1% |
|
|
|
|
NET PROFIT BEFORE ALL PARTNER
INCOME AND BENEFITS |
235.1 |
205.7* |
14.3% |
|
|
|
|
(*Re-stated from £201.4m following application of FRS17 Pension Benefit accounting)
- ENDS -
Notes to editors
About Deloitte
In this press release references to Deloitte are references to Deloitte & Touche LLP.
Deloitte & Touche LLP is a member firm of Deloitte Touche Tohmatsu, a leading professional services organisation with member firms in over 140 countries. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity.
Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority.
The information contained in this press release is correct at the time of going to press.
