Consulting firm Simon-Kucher & Partners has booked strong results in the first six months of 2014. The global strategy consultancy generated revenues of €82.5 million, approximately 14% more than after the same period last year.
For years now Simon-Kucher & Partners, an international consulting firm specialised in strategy, sales & marketing, has been realising strong growth. Last year it for the first time broke through the barrier of €150 million in revenue, following more than 6 years of successive double-digit growth. Based on the performance in the first half of this year it is highly likely that 2014 will yet again be a record-breaking year for the firm. “This was the best half-year ever in the history of Simon-Kucher. And the high number of order entries is a strong indicator of continued positive development in the months to come," say CEOs Klaus Hilleke and Georg Tacke. They expect the consultancy firm to end the year with a total revenue of €170 million.
All regions and industries, the company reports, have contributed to the growth. Financial services has been particularly strong: in this area the Germany-based consultancy grew by over 30%. Regionally, the firm achieved the highest revenue level in its home market of Western Europe.
Over the past six months Simon-Kucher hired 80 new employees, raising its employee total to 720 worldwide. In the coming months the firm anticipates to add another 60 new hires.
New office in Barcelona
Simon-Kucher & Partners has also announced that it in the coming months will expand its presence in Spain with a new office in Barcelona. "Spain is making a comeback - and with offices in Madrid and Barcelona, we will be positioned in the two most important centers of the country," says Hilleke. Last year the company opened two new offices in São Paulo (Brazil) en Santiago de Chile (Chili).