Revenue rises by 24 percent
BONN, Germany--(BUSINESS WIRE)-- The international strategy consulting firm Simon-Kucher & Partners continues its steady growth and expects 2012 to be yet another record-breaking year. Q3 2012 revenue levels topped those of Q3 2011 by 24 percent to reach EUR 107.4 million (USD 140 million). Currently, incoming orders total almost EUR 117 million (USD 150 million). “We are still growing considerably stronger than the market and anticipate record revenues of over EUR 140 million (USD 180 million) for 2012,” state CEOs Klaus Hilleke and Georg Tacke.
To keep pace with its positive business development, the strategy and marketing consultancy has made significant additions to its workforce. 129 employees have been hired so far this year – two-thirds of them outside of Germany. The Simon-Kucher team now comprises 650 worldwide.
Tacke and Hilleke report that all industries and markets have contributed to the growth surge. Even amidst the euro crisis, business in Europe, especially in Germany, has made considerable headway in 2012. “The insecurity caused by widespread media reports of the crisis is being felt by very few of our clients, if any at all,” states Hilleke. Simon-Kucher generates approximately half of its revenue outside of its home market. The US, France and the UK are particularly key markets for business.
The consulting firm will continue to focus on growth and to systematically drive internationalization. Tacke adds, “In summer we opened a new office in Dubai and we just recently founded another one in Turkey. By spring 2013 we will be serving the Latin American market out of our new local offices in Brazil and Chile.”
Simon-Kucher & Partners, Strategy & Marketing Consultants:
Simon-Kucher & Partners is a global consulting firm with 650 professionals in 25 offices worldwide focusing on Smart Profit GrowthSM. Founded in 1985, the company has over 25 years of experience providing strategy and marketing consulting, and is regarded as the world’s leading pricing advisor.
Nora Neuwinger (Public Relations Manager, international)
tel.: +49 228 9843 372
fax: +49 228 9843 380
Kelly Moloney (Public Relations Manager, USA)
tel.: +1 617 231 4504
fax: +1 617 576 2751
Source: Simon-Kucher & Partners