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Part of Financial results 2010/2011

Net turnover during the financial year 2010/2011 was €632 million, which represented a marginal increase of 0.2% compared to the same period last year. The revenue declined by 5.8% in Audit and 5.0% in Financial Advisory Services. Consulting revenue showed a strong increase of 17.5% and Tax of 5.0%.

From an industry perspective, growth was achieved in the Consumer Business industry (7.2%), the Financial Services industry (10.6%) and the Energy, Resources & Transportation industry (4.5%). A strong decline in revenues occurred in Manufacturing and the Public Sector industry.

As a result of strong growth in Consulting and some Tax businesses, more people were recruited than expected. Net turnover per employee increased by 3.7% from €136,000 last year to €141,000 this year.

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