BrazilSimon-Kucher & Partners continues growth despite Covid-19
Despite facing the challenging economic environment induced by the Covid-19 pandemic, Simon-Kucher & Partners has managed to grow in 2020, continuing over a decade of year-on-year growth.
Global strategy and sales & marketing consultancy Simon-Kucher & Partners ended the FY2020 year (a full calendar year) with global revenue of €362 million. While this is not even close to the target of €400 million the firm had set in the pre-Covid-19 era, co-CEO Mark Billige said that considering the unprecedented impact the pandemic had on the consulting industry as a whole, the firm is pleased with its performance.
“We weren’t able to achieve what we had originally planned for the previous year.. but 2020 wasn’t an easy year for any company or industry,” he said.
Despite the Covid-19 pandemic, the company’s Life Sciences division achieved with 19% a significant growth over 2020 and was its top performing industry vertical. Similarly, the firm’s services to the technology sector also saw strong performance.
Life Sciences and Healthcare will remain among the top focus areas for 2021. Putting weight to its footprint in the space, the firm at the start of this year appointed eight new partners in the Healthcare & Life Sciences division (as part of a global intake of 18 new partners), four of which are based in Europe.
Looking ahead, Billige said: “Despite the ongoing crisis, we are optimistic for 2021 and expect we’ll be able to quickly find our way back to our usual double-digit growth -- thanks in no small part to our strong team of committed and motivated employees.”
Digitalisation and automation in particular are expected to be big tickets in 2021. “The effects of Covid-19 have further intensified digital transformation, both in personal and business environments. Companies have to change their business models, rethink how they interact with their customers, and adapt their sales approach. Our expertise in these areas is more in demand than ever,” explained Billige.
Complementing its consulting offerings, Simon-Kucher will this year launch its own investment vehicle focused on scalable software products. Andreas von der Gathen, co-CEO of Simon-Kucher, said, “With this new subsidiary, we’ll be able to proactively provide clients in a wide variety of industries with tailored tools and software solutions that will help them further increase their top-line growth.”
Globally, German-origin Simon-Kucher & Partners has over 1,400 employees led by over 140 partners.
