Business model

Double-digit growth reflects the strength of Mazars’ integrated business model and strategy

Mazars, an international audit, tax and advisory firm, today announces fee income of €2.1 billion for its 2020/2021 financial year (September 1, 2020 – August 31, 2021), an increase of 12 .3% (excluding currency effect of -1.6%) compared to the previous year. The increase in commissions is made up of strong organic growth (9.4%), supplemented by external growth of 2.7%.

Commenting on the company’s financial results, Hervé Hélias, CEO of Mazars Group, said that “2021 has been an excellent year in terms of commercial and financial performance. All our service lines and geographies have progressed well, and we have won significant new contracts in large listed companies as well as companies of all sizes, including large international groups. Our double-digit growth confirms the solidity and resilience of our unique integrated model. It is well balanced between regulated services and unregulated, reflecting our long-term strategy to invest in a core suite of high-quality audit, tax and advisory services that help our clients grow confidently and responsibly.”

Financial transparency and trust are the essence of a fair and prosperous economy and Mazars remains, more than ever, committed to providing high quality audits to companies around the world. In 2021, the firm continued to develop its audit practice (+8.5%): today Mazars audits 2,400 PIEs worldwide, 1,200 headquartered in Europe, 960 listed on a regulated market and more than 480 listed in Europe. Mazars is ranked 5th in the European market for auditing large listed European companies.

Beyond audit, Mazars also experienced significant growth in financial advisory (+15.7%), reflecting a dynamic transactions market globally. Its growth in advisory (+7.9%) reflects Mazars’ focus on services consistent with its core mission of serving the public interest: Mazars helps clients navigate a complex regulatory environment and mitigate risk , and to operate and grow with transparency and trust.

Meanwhile, Mazars in Malta also recorded a very positive performance during this reporting period. Indeed, the firm, which now employs 69 professionals under the leadership of four partners, recorded a 22% increase in its fee income, to €4.69 million. Commenting on these results, Managing Partner Anthony Attard highlighted the perseverance, resilience, commitment and professionalism shown by the firm’s employees during the COVID pandemic. “Despite another challenging year, our staff remained focused on delivering high quality service and creating significant value for our customers. Encouraged by this year’s results, we remain committed to maintaining the standards of quality possible, thereby serving the best interests of all our stakeholders.”

CEO and Chairman of Mazars Group, Hervé Hélias, concluded by stating that “Responsibility and sustainability have become important foundations of business performance and are essential for building trust in markets, businesses and public institutions. In 2022 and beyond, we will continue to invest where it matters to our employees, customers and society, growing responsibly and moving forward with renewed purpose and confidence.”