The CEO of McKinsey can currently no longer record double-digit growth rates for his consulting company.
(Photo: Bloomberg)
Dusseldorf The world’s largest management consultancy is apparently beginning to falter after years of record growth. According to McKinsey, it recorded only slightly more sales in the 2022 financial year than in 2021. This emerges from the “ESG Report 2022”, which the partnership published online on Tuesday.
According to the sustainability report, which the consultancy has been publishing since 2018 due to increased transparency requirements, sales in 2022 were “$15 billion plus”. What exactly is meant by the addition “plus” is not explained.
McKinsey reported sales of $15 billion last year. The growth can therefore only have been in the low single-digit percentage range – that has not been the case for years.
From 2019 to 2020, according to the relevant sustainability reports, revenues increased by 20 percent to twelve billion dollars. In the following year, McKinsey even managed to grow by 25 percent to the said 15 billion.
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