Financial consulting firm TPA Horwath Romania reached a turnover of EUR 3.7 million in 2012 and registered a 12 percent increase in sales, due to growth in the tax practice and development in the firm’s German desk that stems from the Group’s expansion in the CEE.
The firm reported a turnover of EUR 900,000 in the first quarter in line with the budget and expects its turnover to grow by 8 percent this year to around EUR 4 million.
Jan Glas, managing partner at TPA Horwath Romania, and member of the CEE Steering Committee of the TPA Horwath Group, said: “The positive financial results and optimist forecast for 2013 come to confirm our company’s stability on the Romanian market, activating as a one-stop-financial-shop for both Romanian companies and foreign investors aiming to enter the market.”
“Last year, TPA Horwath Romania has consolidated its core practices and substantially developed the Tax practice in order to meet the manifest growing demand.”
This year, the consultancy aims to boost the turnover by adding new clients and increasing the performance of its tax, audit and accounting practices.
The client portfolio of TPA Horwath includes over 300 clients that are active in industrial production, renewable energy, real-estate, constructions and distribution.