With 2,764 employees in Luxembourg, the firm reported revenues of €464.5 million - up by 4.21% compared to last year.
The firm saw particularly strong growth in their assurance (up 8%) and advisory (up 5%) businesses. The tax business, meanwhile, contracted by 2% - CEO John Parkhouse notes that it has been a tough year, with "impact of changing regulation and overall economic downturn hitting our results." More specifically in terms of the tax business, Parkhouse notes that "the demise of German Tax Reporting for mutual funds and work related to MiFID II ... were, even if planned for, a significant drag on our overall performance."
Growing workforce
With 2,764 employees PWC was the country's ninth biggest employer according to figures released by Statec earlier this year. This is a number that is set to grow, with the group projecting a total workforce of over 3,000 people by January of next year. All things being equal, this would theoretically make them the 8th biggest employer, overtaking Luxair's 2,950 employees — though they may of course expand their workforce as well.
The current workforce consists of people from 75 different nationalities, with 46% women and 54% men.
