Nexia International revenues rise 3%
Nexia International saw revenues rise 3% to US$2.9bn in 2013
Nexia International is pleased to announce its financial results for 2013 with total revenue, at US$2.9bn, up 3% from 2012. These results reflect the network’s continued success in implementing its strategy of recruiting high-quality member firms from around the world.
According to the latest International Accounting Bulletin (IAB) World Survey, the network remains among the top 10 major global accounting networks, as measured by fee income. In Europe, Nexia overtook Baker Tilly for 7th place in the rankings.
Throughout 2013, Nexia International continued to extend its global presence by welcoming new member firms in Mongolia, Bangladesh, Egypt, Poland, Bulgaria, Uganda, the Bahamas and Saudi Arabia. These additional firms resulted in a 4% rise in total staff to 23,131, based in 604 offices.
In 2013 the international network saw its largest share of fee income, (US$1.41bn) from North America. This was followed by Europe (US$1.16bn), Asia-Pacific (US$250.5m), Latin America (US$47.5m) and Africa and the Middle East (US$43.6m).
Kevin Arnold, CEO of Nexia International, said: “These results reflect the success of our growth strategy which is to recruit high-quality firms in key and emerging markets, together with the delivery of several innovative initiatives designed to benefit our member firms.
“Our impressive fee income combined with the number of enquiries we receive from firms around the world wishing to join the network is clear evidence that Nexia International continues to go from strength to strength.”