Annual Report 2024/25: Record Revenue at BDO

We have published our Annual Report for 2024/25, marking yet another record year with revenue reaching DKK 1,737 million – the highest level in our history. Revenue has increased by 7% since last year, with growth driven almost entirely organically.

“The strong results and solid organic revenue growth are clear evidence that BDO has a healthy and resilient core business. In 2024/25, we have once again demonstrated that we excel at what we do and what we are capable of,” says BDO’s CEO, Frank Lau, adding:

“But 2024/25 has also been a year focused on consolidating and strengthening BDO’s foundation through developing our existing business and enhancing organisational efficiency. This means that today we stand even stronger. In the coming years, we will lean even further into the market and our clients, helping them more and even better. We will remain an active and relevant player, creating value through quality, strong relationships, and our international network. At the same time, we will continuously assess opportunities for strategic acquisitions where it makes professional and cultural sense.”

The annual report is only available in Danish

A Year Marked by Organisational Changes: New Management Structure and Corporate Form

In the 2024/25 financial year, we implemented several significant organisational changes aimed at ensuring a more cohesive management structure.

The year included the appointment of a new Board with five new members and a new Chair, the designation of Frank Lau as CEO, and the establishment of a central Management Team overseeing our three Business Lines: Audit & Assurance, Tax and Advisory.

“With the new management structure, all BDO’s business areas now have a clear voice at the top leadership level. This has strengthened our decision‑making power and increased our resilience in an industry characterised by change and rising complexity. The new management team will play a crucial operational role in maintaining our momentum and supporting our continued ambitious growth journey,” says Frank Lau.

Along with the leadership changes, we have also changed our corporate structure at the end of the financial year. Operational activities have been transferred from the previous limited company to the new partnership company, BDO Statsautoriseret Revisionspartnerselskab.

“The restructuring into a partnership company is an active choice that strengthens BDO’s business model and creates a closer link between ownership, responsibility and decision‑making. It ensures that we can continue to maintain our long‑term national commitment and ownership,” the CEO says.

For BDO’s more than 1,800 employees and 40,000 clients, there will be no changes to the daily collaboration.

A Strong Year for the Global BDO Network

BDO in Denmark plays an active role in the global BDO network – a worldwide network of independent advisory and audit firms sharing the same brand, methodology and quality standards.

The 2024/25 financial year has also been a strong one for the global network, which now comprises nearly 95,000 employees across 870 offices in 169 countries. Global revenues reached a record USD 11 billion.

For our clients and employees, this global network ensures access to high‑quality advisory, audit and accounting services regardless of geography – whether activities are in Denmark, Greenland, the United States, South Africa or elsewhere.

The annual report is only available in Danish