KPMG Soaring Amidst Market Challenges in the MDAX
swa Frankfurt
KPMG is experiencing growth and expansion
Despite a tough market landscape, KPMG Deutschland is making waves. This auditing and consulting behemoth has significantly expanded its total revenue in the fiscal year 2023/24, hitting an impressive 9.6% growth to reach 2.61 billion euros. While this growth is commendable, it represents a slight deceleration compared to the astronomical growth of the previous year. Unfortunately, KPMG can't keep pace with rival Deloitte, which has surpassed them with a substantial 11.4% revenue increase to 2.65 billion euros. As of now, EY has yet to disclose their figures, while market heavyweight PwC shows the weakest growth of 4.2% to 3.05 billion euros.
Despite KPMG's stellar performance, it's essential to note that the MDAX, where these firms operate, does not include any of the Big Four (KPMG, Deloitte, EY, PwC) as they are privately held or operate under distinct corporate structures. The MDAX consists of 50 mid-cap German companies.
While the MDAX itself saw a 5% decline in 2024[1], and the broader German M&A market experienced a 5% rise in deal volume[2], it's important to remember that these figures don't necessarily reflect the Big Four's performance. Sectors like TMT, industrial, and automotive drove M&A activity[2], potentially impacting advisory demand. However, specific data regarding the Big Four's involvement in these transactions remains elusive.
To gain intricate insights into the Big Four's 2023/24 performance, it's advisable to delve into their annual reports or regulatory filings, as the available sources do not provide this information. Keep your eyes peeled for EY's figures, as they are yet to be disclosed.
- In contrast to KPMG's 9.6% growth, the industry giant Deloitte boasted a more substantial increase of 11.4% in their total revenue, surpassing KPMG in the finance and business sector in the fiscal year 2023/24.
- The weakest growth among the Big Four was observed with PwC, experiencing only a 4.2% growth, while KPMG, despite its impressive performance, couldn't keep pace with Deloitte.
- Interestingly, the MDAX, where these firms operate, did not include any of the Big Four in its list of 50 mid-cap German companies, as they are privately held or operate under unique corporate structures.
- Despite the MDAX experiencing a 5% decline in 2024 and the broader German M&A market witnessing a 5% rise in deal volume, data specific to the Big Four's involvement in these transactions remains elusive, making it crucial to analyze their annual reports or regulatory filings for a comprehensive understanding of their 2023/24 performance.
