Audit & Assurance continued the transformational journey in FY25 by accelerating the use of technology, sustaining market-leading quality, and evolving our delivery models to foster a sustainable people experience. Revenue increased by 1.3% compared to last year – this comparison is significantly affected by last year’s divestment, that were executed during the year. If we adjust for the discontinued business in last year’s figures, the remaining business delivered an organic growth of 6.8% including effect of CSRD.

Technology & Transformation succeeded in maintaining the same revenue level as last year despite organizational changes and a somewhat challenged market. The focus has continuously been to support our clients through large-scale business transformations, and we have achieved significant progress in our service mix towards technology driven transformation. The continued investment in future services, the remarkable culture and hard work carried out by Technology & Transformation’s talents have been essential for the overall performance.

Tax & Legal continued the long-standing growth, although with 5% less than in recent years. The growth was primarily due to relative less activity in FY25 compared to FY24, but still growing. All offerings contributed to the growth, primarily driven by Transfer Pricing and Business Tax related both to compliance and advisory services. A huge factor for the growth has been a continuously investment in talent resources and capabilities both internally but also key senior hires.

Strategy, Risk & Transactions Advisory presented a net revenue growth rate of 13% compared to FY24. The positive trend was driven by high activity levels across the offerings, in addition to strong performance in Corporate Finance Advisory. The business aims to leverage the new business unit setup by further strengthening the industry and sector specialisation, while delivering seamless integrated offerings in the market.