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HLB International has reported that global revenues rose by 9% to $4.4bn (£3.5bn) in FY22, after the network “drew on the skills and capabilities of its people to navigate the challenging business landscape over 2022”.
According to its Global Annual Review 2022, audit and assurance now accounts for 28% of its global revenue at $1.24bn (£1bn), while advisory and tax both make up 27% of revenues respectively, at $1.2bn (£976m) each.
Following its results, the advisory and accounting network has reached 10th position in the International Accounting Bulletin’s global ranking, with 40,831 people across 156 countries now in the network.
It said that in recent years, it has used its “innovative thinking and people-first approach to propel the network forward and experience exponential growth for the HLB global community”.
The network has also made multiple strategic investments over the past year to expand professional capabilities in key areas such as cybersecurity, cloud and emerging technologies.
HLB said it has seen sustained growth across many of its service lines and is “well on its way” to reaching all its strategic objectives by the end of 2023.
Marco Donzelli, HLB Global CEO, said: “I am thrilled that we are now a top 10 network in global ranking. I am proud of the resilience we have shown over what has been a very difficult time for the global economy.
“We maintained growth in our service lines and progressed on our CSR targets. Our growth is testament to our unyielding efforts in future-proofing the network and delivering our purpose to make a positive and sustainable impact.”
