Mazars announces 2018 Financial Results

The company’s 2018 Yearbook highlights a year of global growth and expansion and offers a vision for securing sustainable growth in a complex, fast-paced world

Paris, 31 January – Mazars, the international, integrated and independent audit and consulting firm specialising in audit, accountancy, tax, legal and advisory services, today released its 2018 Yearbook citing total global revenues of €1.6 billion, representing an annual increase of 8.7 percent. Since 2013, Mazars has increased its global turnover by more than 50 percent. Mazars has also strengthened its teams in Australia, France and Nigeria, and expanded its global footprint this year, welcoming new members into its international integrated partnership in Palestine, Saudi Arabia and Slovenia, enabling the firm to better serve local and multinational clients alike.

Today, Mazars comprises 23,000 professionals and over 1,000 partners, working across 310 offices in 89 countries and territories. For the past 75 years, Mazars has experienced continuous, uninterrupted growth, which the firm credits to its unique, internationally integrated model.

“This year’s financial results underscore the resilience and effectiveness of our unique partnership model. In the last 25 years, we have been able to grow more than tenfold, from €100 million to €1.6 billion in global revenues, without ever losing our values or compromising our founding principles,” said Mazars Chairman and CEO Hervé Hélias.

“In Thailand, Mazars had another year of impressive financial growth across our core business lines, with revenues increasing 15% to THB 306 million” announced Rob Hurenkamp, Thailand Managing Partner.

Mazars achieved a number of significant milestones in the Thai market in 2018, becoming the first local accounting firm to become a Xero Platinum Partner, whilst also winning Xero’s Asian Regional Partner of the Year Award. Additionally, Mazars have expanded their audit service offering after being awarded an SEC public listed company audit license and commencing such audits during the year.

Looking forward to 2019 and beyond, Mazars will continue to develop innovative solutions and services in Thailand and across Asia to better meet clients’ needs, Rob added. “We have partnered with HReasily to launch a ground-breaking cloud-based HR compliance and payroll solution on a regional basis. Our Thai team has been strengthened with the addition of IT audit and consulting capabilities, as well as German and Korean business desks. With these and other future planned developments, we are confident we will continue to strengthen our position both in Thailand and other Asian economies”.

Against a backdrop of unprecedented change, Mazars is accelerating its own transformation to better help its clients confidently navigate a complex world. The firm is committed to being ‘MazarsForGood’ – a global citizen devoted to having a positive impact on the world and communities in which we operate.

Hélias added, “we believe performance and responsibility go hand in hand. We are determined to continue to acquire new expertise and new talent to best serve our clients and to enhance our capabilities to foster growth for the common good.”

For more information, please visit www.mazars.co.th.