BDO announces financial results for 2024

This was achieved through a 7% increase in US dollars and a 5% increase in euros, showcasing the company’s resilience and ongoing success in the global market, even in challenging economic times.

2024 Key Achievements:

• Global revenue: USD 15 billion (EUR 13.9 billion) – up 7%.
• Growth in all regions: EMEA, North and South America, Asia Pacific.
• Leadership in key markets: France (+22%), India (+26%), the Middle East.
• Workforce expansion: more than 119 000 employees in 166 countries.

This achievement reinforced our networkʼs stable fifth position on the global stage.

A unified global growth strategy

The sustainable success of BDO is based on a unified global growth strategy that combines the local expertise of its companies around the world with innovation and advanced technologies. The company is focused on delivering client-oriented solutions that meet today’s market challenges.

Pat Kramer, the BDO’s Global CEO, emphasized:
  

“Amid a complex global economic and political landscape, our organization remained committed to investing in our people and in technology, to continually adapt and respond to our clients’ evolving needs. Our multi-disciplinary approach, ongoing commitment to quality, integrity and collaboration, and shared global vision, continues to drive impressive growth in international business while delivering sustainable value for our clients.”

Investment in quality and people

BDO continues to invest heavily in improving the quality of its services, introducing modern technologies and expanding its staff of highly qualified professionals:

1.    Solid foundation of quality:

• Implementation of a global compliance reporting tool for effective monitoring of governance, risk and compliance data.
• Implementation of a quality management system (ISQM1) to ensure a consistently high level of service delivery.
• Upskilling teams, expansion of training programs and recruiting specialized talent.

2.    Workforce expansion:

In 2024, the number of BDO employees has increased by 3.4% to nearly 120 000 across 1800 offices globally.

3.    Transformation through innovation:

BDO is actively investing in digital technology and Artificial Intelligence to enhance the client experience:

• Launch of a generative AI platform that empowers teams to use the latest technologies in their work.
• Development of digital consulting services in data analytics, business technology consulting, cybersecurity, and technology modernization.
• Collaboration with Microsoft, which led to BDO being awarded Microsoft Partner of the Year 2024.

 

Trond-Morten Lindberg, BDO’s Global Chief Strategy and Operations Officer, underscored the significance of technological development:

 

“Technology is a core driver of our global strategy, endorsed by significant investments in both foundational and emerging technologies, including sustainability and Artificial Intelligence technologies.  We’re committed to create lasting benefits for our clients and our people.”

A look into the future

BDO continues to pursue a path of balanced and sustainable growth based on high standards of quality, innovation and client partnership. The organization aims to remain a leader in audit, advisory and digital solutions, delivering meaningful results for businesses globally.

BDO in Ukraine

Despite the working conditions during the war, in 2024 BDO in Ukraine strengthened its market position by expanding its range of services and attracting new clients. 

Key highlights 2024:

• Financial year 2024 ended with a 19% increase in revenues compared to the previous year 2023.
• Successfully passed the audit of the quality of audit services conducted by the Audit Public Oversight Body of Ukraine (APOB).
• We are expanding our staff, which has increased by 14% compared to 2023, and offering internships for young professionals, with 27 students completing them this year. 
• We are expanding our presence in Ukraine by opening a new office in Lviv. This is another space for new opportunities, development and productive cooperation and a new step to meet the needs of our employees and clients.
• Another achievement of our company is that we have received ISO/IEC 27001:2022 certificate, a globally recognised standard that defines best practices for information security management. This achievement confirms our commitment to ensuring that our clients’ data is protected.
• We extended our accreditation as AICPA&CIMA Training Quality Partner, a status granted under the employer accreditation programme that means the organisation complies with the recommended quality standards in training and development of professionals under the AICPA&CIMA programmes.
• We confirmed ACCA accredited employer status on two levels at once: Trainee Development, Platinum (Platinum accredited employer status in support of ACCA students) and Professional Development (accredited employer status in support of ACCA members). We are committed to supporting the professional development of our employees by providing them with ACCA exam training, supporting them in achieving their career ambitions.

The implementation of innovative solutions in partnership with Microsoft, adaptation to global trends and continuous investment in human resources have played an important role in the company’s development, allowing BDO in Ukraine to remain a reliable partner for business even amid constant challenges.