Prosperity is embedded in all dimensions of our firm, but for us it no longer means only financial success, but also, ensuring our ecosystem and stakeholders are experiencing a positive contribution. It goes without saying that without a thriving and sustainable business nothing would be possible and one of the key elements to make that happen is a sustainable workforce.
Business review
Our financial year, which spanned from 1 July 2021 to 30 June 2022, was a very special one that started with a shift in the pandemic, where modern medicine allowed for a new normality and a feeling of optimism. Turbulent events - such as the war in Ukraine - began to impact us, mostly in the second half of our financial year, or compound post-COVID issues, with increasingly disrupted supply chains and a growing energy crisis as well as a very strong core inflation, especially in the US. This means we experienced the start of a complete paradigm shift in terms of monetary policy, which tightened quickly and sharply in all major economies.
Yet, despite these adverse impacts, we are pleased to report a double-digit 11% increase in our net revenue and that we exceed the half a billion turnover mark for our year ended 30 June 2022.
As a professional services firm in Luxembourg, this is a major achievement indicating the reach of our services on local clients, subsidiaries of international groups, as well beyond the local market.
