Munich, July 25 – The ESPRiT Consulting Group has recorded successful first-half-year results for the fiscal year 2008, with total revenues of 23 million euro. The second quarter contributed 12 million euro to this outstanding result. That means that ESPRiT grew by 42 percent in year-on-year comparison with 2007. With these figures, the target of 42 million euro for the total annual revenue appears to be realistic.
In the course of the competition for Bavaria’s Best 50, which seeks out the fastest growing companies in Bavaria, ESPRiT this year received an award for the third time in a row. With nearly 240 employees on the payroll, ESPRiT is also right on course to meet its 2008 target for growth in the size of the staff.
Karsten Höppner, CEO at ESPRiT, comments: “We are really proud of this latest award, which confirms that we are pursuing the right strategy: A healthy rate of growth for both staff size and revenue. We set ourselves realistic goals and then work consistently to achieve them. That is our way to be successful. We are, of course, delighted about receiving this award, but it also pushes us to keep setting ourselves new, ambitious goals. One of those is to grow to a staff size of 500 by 2012, and at the moment it looks like we will also be able to reach this target.”
The secret of success for the IT and management consulting firm has been to provide services focused on the right issues. Currently these issues are business intelligence and strategic IT management. It is particularly in these areas that companies have a strong requirement for consultancy. ESPRiT has experts at its disposal who are not only excellent in their specialist fields, but are also able to provide the right social skills and to work with the client on an equal footing.
Although ESPRiT has been successful in acquiring new clients, it has been growing mainly by winning new contracts with existing clients. That is because clients who have successfully implemented projects with ESPRiT are only too pleased to commit to the same partner for subsequent contracts. ESPRiT’s clients include large companies such as BMW, Munich Re, MAN, Siemens, Lufthansa and Allianz.