Revenue of Aon decreases slightly in the Netherlands

25 September 2015 Consultancy.uk

The Netherlands-based country organisation of Aon has in its latest financial year seen its turnover decrease slightly to €243 million.

In 2008 Aon in the Netherlands booked a turnover of €218 million. As a consequence of the financial crisis, turnover in the following two years decreased by €10 million. From 2011 onwards the risk management consultant, human resources and insurance company found its way back to a growth momentum. In 2011 the firm’s turnover increased to €233 million – although the growth was primarily a result of the takeover of Hewitt Associates – and thereafter in 2012 and in 2013 the firm saw its revenue grow further. In the latest fiscal year Aon’s revenue decreased by 1% to €243 million. Net profit decreased considerably more steeply however, falling €5 million to just above €26 million, realised by roughly the same number of employees.

Revenue of Aon in the Netherlands

Sales performance across Aon
Aon Hewitt, the business unit that deals with human resource management, consulting and outsourcing, saw sales decline slightly. Pascal Hogenboom, CEO at Aon Hewitt in the Netherlands says: "Pension funds are increasingly consolidating, consequently the number of available clients decreases. Another factor playing a role in the revenue of Aon Hewitt is the transition from commission to fee based payment."

Turnover at the business unit Aon Risk Solutions (ARS) has remained virtually unchanged. However, the practice has seen more new business this year compared to the year previous. Marc van Nuland, CEO of ARS says: "Thanks to the growth within the department of Affinity Health & Benefits, ARS was able to keep its turnover relatively stable."

CEO of Aon Netherlands, Lex Geerdes remains positive about the firm’s prospects for the coming fiscal year and the future: "I am convinced that with our current team, our expertise and innovation we are well placed to realise Aon’s future growth opportunities. These opportunities must be tackled together, through strong collaboration between Aon Benfield, Aon Hewitt and Aon Risk Solutions. This year’s focus will more than ever be on providing maximum service to our clients while continuing to invest in growing our turnover."

Worldwide Aon has more 70,000+ employees in more than 120 countries, including the UK.