Financial highlights

Leveraging the global Deloitte network and strengthening the integration within the Nordics and Europe, coupled with a strong local touch when it comes to managing client relationships and talent, have elevated our capabilities in delivering large and complex engagements as well as in supporting making a transformational impact on our clients. Activity levels in the M&A market were lower compared with the previous year, while in all other advisory service areas, revenue continued to have double-digit growth. Audit & Assurance services continued the transformational journey by accelerating the use of technology, sustaining market-leading quality and preparing for the future of sustainability reporting. Compared with the previous fiscal year, revenue from statutory audit services increased by 2% while other services, including advisory services and other-than-statutory audit services performed by the Audit & Assurance business unit, grew by 20%.

Personnel costs, including salary payments to the partners, totalled EUR 71.9 million, which is an increase of 3.0% compared with 2022/23. The external services, which include services purchased from third-party vendors and Deloitte network member firms outside Finland, increased by 36.6%, driven by higher activity levels. Other operating expenses grew by 8.2% to EUR 25.0 million, primarily due to higher network fees and an increase in other costs, such as training, IT and occupancy costs. The increase in other costs was driven by the higher headcount, the relocation to new premises in Turku and general cost inflation.

Operating profit was EUR 17.1 million, which is 18.6% higher than in 2022/23. In evaluating the profit, it should be considered that the shareholders of the firm are also its partners and that their renumeration is profit related. The renumeration to shareholders consists of salary payments and dividends.

Deloitte Finland’s tax footprint consists of corporate income taxes and payroll-related costs. In 2023/24, total income taxes paid were EUR 3.5 million. The total amount of employer-paid payroll taxes – including pension, unemployment and social security fees – was EUR 13.4 million. In addition, our operations accumulate withholding taxes collected from employees and value added tax; in 2023 and 2024 these amounted to EUR 17.2 million and EUR 31.3 million, respectively.

Deloitte Finland contributions to local community were EUR 160 000 and included donations made to the Finnish Olympic Committee, Hope ry, Finnish Red Cross and our long-term partner, the Children and Youth Foundation. 

Deloitte Finland is also the main partner of the Finnish Olympic Committee and we continued cooperation that utilises Deloitte’s consulting expertise to help the Finnish Olympic Committee to implement its future strategy and support their vision of building a better world through sport.