Revenues reach new peak, rise to 560 million euro; highest EBIT ever
AMSTERDAM, NETHERLANDS -- (Marketwired) -- The European management and technology consultancy BearingPoint today announced revenue of 560 million euro in 2014, up 1.3 percent over the previous year, reaching a new record. At the same time, profit rose 6.2 percent as the firm had its highest EBIT in its history. This gives BearingPoint the ability to invest even more in its client services, especially its digital portfolio, as well as in its global reach.
In 2014, the firm increased its geographical coverage: it opened new offices in the United Arab Emirates as well as in the United States and Italy, and established a new strategic alliance with Grupo ASSA in Latin America. BearingPoint now has 32 offices in 18 countries and, together with its global consulting network, serves clients in more than 70 countries.
The firm invested heavily in digitalization last year, including the establishment of a digital factory in Paris for showcasing digital use cases and prototypes, as well as launching an SAP HANA Center of Excellence. Asset Based Consulting was another strong driver of business growth. In Europe alone, more than 1,000 reporting units use BearingPoint products to report to regulators. And with its data analysis tool HyperCube, the firm won 30 client projects as well as the Financial World Innovation Award and the Cancer Research Award. BearingPoint was also honored with the Lunendonk Innovation Award for its services in the field of IT research and software development.
Peter Mockler, Managing Partner BearingPoint, comments: "2014 was a record year for BearingPoint and I am very pleased with what we have achieved together over the last years. Our partnership is founded on the principle of stewardship - we owe a duty not just to ourselves but to our clients and future generations as well. Our business growth is a reflection of this principle. It is sustainable, stable and profitable, and our services are valued by clients."
Giving his vision for the future, Peter Mockler added: "We are confidently looking ahead and we will further strengthen our position as an independent, Partner-led management and technology consultancy. From the many ways we stay in touch with each other to the ways we develop, deliver, buy, sell, create, consume, share and comment on goods and services - our world is increasingly digital. It's a world of big changes and big data, where being able to quickly and effectively adapt can make all the difference. This leads to new challenges - not only for the management of companies, but also for consultancies. We need to connect business strategies with new technological developments and opportunities and adapt the consulting approach to rapidly changing customer requirements. We achieve this by combining industry, operational and technology skills with relevant proprietary and other assets in order to tailor adaptive solutions for each client's individual challenges, all around the world."
For the current year, BearingPoint plans to continue to grow geographically and to grow its portfolio. The opening of new offices and excellence centers will soon to be announced.
BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client's individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world's leading companies and organizations. Our global consulting network of 9,200 people serves clients in more than 70 countries and engages with them for measurable results and long-lasting success.
For more information, please visit: www.bearingpoint.com.
Contacts: BearingPoint Alexander Bock Manager Communications +49 89 540338029 [email protected] @BearingPoint