In spite of the coronavirus pandemic that started in the early spring, Grant Thornton Baltic managed to post solid economic results in the 2019-2020 financial year. The company’s consolidated turnover in Estonia, Latvia and Lithuania was 10.8 million euros, growing by 16% year-over-year.
The greatest share of the company’s turnover came from accounting services, and audit services made up almost as big a share. Although business advisory services still account for the smallest share of the turnover, this field has seen constant growth in recent years. “Companies are in increasing need of expert assistance, especially at a complicated time such as this year. It is no wonder that we have focused on preparation of financial forecasts and updating the business model or strategy, in addition to ordinary tax, financial and legal advisory services,” said Nõmmiste.
He added that even in the financial year in progress, Grant Thornton Baltic had set a course for growth and in fact looked to be capable of outperforming on its targets. “For instance, we’ve expanded our internal audit team, and we are also more and more engaged in providing advice to companies and organizations on data protection topics. This year, we also established a new unit, Grant Thornton Digital, which helps companies and organizations become more efficient by harnessing smart automation and business analytics. The growth of our clients is the basis for Grant Thornton Baltic’s growth,” said Nõmmiste.
Founded in 1992, Grant Thornton Baltic is one of the leading audit, accounting and tax, legal, financial and business advisory service providers in the Baltics. Since 2012, Grant Thornton Baltic has been part of the Grant Thornton network of companies, represented in more than 135 countries with 53,000 employees.
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