Half way through the year Simon-Kucher & Partners is well on its way of breaking through its ambitious growth target for 2015. In the first six months of the year the expert in marketing and sales consultancy booked a revenue of €97 million, up 17% on last year’s performance.
In recent years Simon-Kucher & Partners – a German-origin advisory specialised in pricing, marketing and sales – has been on an impressive growth trajectory. In 2005 the firm, which celebrates its 30th anniversary this year, had a turnover of €53 million, and despite the challenging economic conditions in its key markets (Europe, North America), Simon-Kucher & Partners managed to grow its revenue to €172 million last year.
For 2015 the consultancy’s CEOs, Klaus Hilleke and Georg Tacke, have set ambitious plans, with the key aim being breaking through the barrier of the €200 million revenue mark. Following a strong spell between January and end of June, Hilleke and Tacke can look back at the first six months with a smile. The global consultancy reports booked a turnover of €97 million, 17% higher than in the same period last year. Key growth drivers were the industries life sciences, banking, machinery and industrial services, and from a regional perspective Asia and the US experienced above-average growth.
"Our thanks go to our employees, whose excellent work with our clients has generated such fantastic results," says Tacke. Looking ahead, he describes the €200 million ambition as a realistic target, pointing at the fact that a massive pipeline is awaiting the roughly 800 employees working out of the firm’s 29 offices around the globe. “Order entries are 45% higher than in the previous year. Our clients can continue to rely on us. We will work as hard as ever to help them boost growth and profits.”
Earlier this year Simon-Kucher & Partners, recently recognised as one of Europe’s 25 most prestigious management consulting firms, promoted four new partners in Europe and added the same number of partners to its North American operations.