PwC Germany strengthens market lead with significant growth

PwC Germany exceeds planned growth in gross annual revenues / PwC is a new National Sponsor of Deutsche Sporthilfe as of 2023 / Operational challenges resolutely mastered

Frankfurt, November 29, 2022

The professional services firm PwC Germany achieved gross revenues of €2,612.8 million in the past financial year (ending June 30, 2022). This translates to an increase of 314.4 million euros (+13.7 %) compared to the previous year (2021: 2,298.4 million euros). This further widened their lead as the top auditing and consulting firm on the German market. The company’s own performance target set last year was clearly surpassed.

All business lines contributed to this positive result. Advisory showed the strongest growth with gross revenues of €1,124 million – up 24.9 percent. Assurance contributed 841.2 million euros, a growth of 9.7 percent. Revenues from Tax & Legal Services grew to 588.5 million euros (+2.6 %). Other services (“Firmwide”) contributed 59.1 million euros.

The PwC network, with firms in more than 150 countries around the world, achieved gross revenues of US$50.3 billion – up 13.4 percent for the past year. Worldwide, the PwC network created 32,000 new jobs. The workforce grew to nearly 328,000 people. In Germany, the number of new hires was 3,449. On average, 13,095 people worked for PwC Germany during the financial year.

PwC Germany exercises corporate responsibility

As part of the network strategy “The New Equation”, PwC Germany has further developed its corporate sustainability claim. Cornerstones of this include a best-in-class approach to sustainability reporting and a commitment to Net-Zero in 2030.

This is accompanied by a new commitment to Deutsche Sporthilfe. The existing involvement as an exclusive partner of the ElitePlus program for Olympic athletes will be extended until 2026 and increased at the same time: As of January 1, 2023 PwC will be a new National Sponsor of Deutsche Sporthilfe and thus moves up into the foundation's highest partner category. The most important new element of the partnership is the elite support for para-athletes now launched by Sporthilfe and financed by PwC Germany. With this fundamental expansion of German sports funding, Deutsche Sporthilfe and PwC are making an important contribution to equality and inclusion.

Outlook: Overcoming challenges with determination

The current financial year 2022/23 is dominated by numerous, simultaneous crises – a mix of still unresolved consequences of the pandemic, Russia's invasion of Ukraine, fragile supply chains, uncertainty and spiraling costs for energy and resources, and concerns about inflation and recession. The resulting challenges for the operational business activities of virtually every company must be resolutely mastered.

At the same time, the long-term structural challenges of digitalization, decarbonization, and demographic change remain undoubtedly relevant for clients. PwC Germany stands by their sides with its consolidated one-firm approach to jointly develop holistic and integrated solutions in all areas.