16 January 2019
Nexia International (Nexia), the ninth largest global network of independent accounting and consulting firms, is delighted to report its financial results for 2018, which broke the US$4bn barrier for the first time.
In 2018, Nexia’s total fee income was more than US$4.02bn across the network – an increase of 11% on 2017.
This increase in global revenue is a result of consistent growth across the network in every region, with North America and Asia Pacific performing particularly well. The rise in fee income in the Asia Pacific region follows on from the success of Nexia’s focused recruitment of new member firms in China.
Throughout 2018, Nexia continued to expand its global presence by welcoming new member firms in Belarus, Bulgaria, Italy, Mali, Uganda, Zambia and Zimbabwe.
Commenting on the results, Kevin Arnold, CEO of Nexia International, says: “It is very pleasing to record another year of double digit growth and our long-term strategy of recruiting and retaining high quality firms in established and emerging world markets is clearly working.”
“This impressive increase in fee income is fantastic news and shows that Nexia’s presence around the world continues to grow providing even more opportunities for our members.”