“Are the revenue explosions of the ‘Big 4’ and major consulting firms during 2019-2025 connected to public sector contracts and Recovery Fund resources?” This is the title of the parliamentary question submitted by PASOK MP Nadia Giannakopoulos to Minister of State Akis Skertsos, following data presented in a powergame report stating that “in recent years, major consulting firms, the well-known Big 4 (E&Y, PwC, Deloitte and KPMG), have recorded consecutive revenue records, as have domestic companies (Planet, Diadikasia) and some new entrants, such as Bright Consulting Group, which went from zero revenues in 2019 to a total turnover of nearly 45 million euros in 2024, excluding revenues from a series of other subsidiaries it now operates.”
As highlighted in Giannakopoulos’ question, according to “published data (on the financial site Powergame.gr) derived from the financial statements of the 15 largest consulting and auditing firms operating in Greece, their total revenues during the six-year period 2019-2024 (with the latest published fiscal year ending June 2025) approached 3.5 billion euros. Their total turnover skyrocketed from 353.1 million euros in 2019 to 876.9 million euros in 2024, marking a 66.3% increase, while after-tax profits more than doubled, from 19.9 million euros to 75.1 million euros (+127%).”
“Particularly impressive is the performance of the four major multinational groups, the so-called ‘Big 4’ (Deloitte, EY, KPMG and PwC), which hold an 82.7% market share. Their revenues reached 725.4 million euros in 2024, up 68.5% compared to 2019, while after-tax profits reached 50.7 million euros, with an 83.9% increase over six years.”
“Since this specific revenue explosion coincides chronologically with the implementation of the Recovery and Resilience Fund, as well as with the intensification of consulting and study project assignments from public sector entities.”
It should be noted that the data presented by powergame.gr is based exclusively on the companies’ published financial statements, with the six-year retrospective revealing explosive 66% revenue growth for these 15 companies since 2019, with profits more than doubling. The consulting and auditing firms sector in Greece continued its upward trajectory in 2024, with the 15 companies recording total revenues of 876.9 million euros – a 16.9% increase compared to 750.4 million euros in 2023. This represents a new historic high, confirming the sector’s massive revenues, mainly from the public sector, during the last six years: compared to 2019, total turnover increased by 66.3%, from just 353.1 million euros.
Nadia Giannakopoulos: The question to Akis Skertsos about the Big 4 and the Recovery Fund
“Since this fact raises serious questions both regarding the adequacy of public administration and the transparency and necessity of these assignments.
You are asked, Mr. Minister:
– What is the total amount of contracts awarded to the ‘Big 4’ companies (Deloitte, EY, KPMG, PwC) and other major consulting firms by the Greek public sector and its supervised entities from 2019 to present (April 2026), broken down by contracting authority and company, and what exactly is the percentage and absolute amount of Recovery and Resilience Fund resources, both grant and loan components, that has been awarded to these companies to date?
– Which specific responsibilities and tasks, which are massively assigned to the ‘Big 4’ and other major consulting firms, is the public administration itself unable to undertake and for what reasons? Has a relevant study been conducted to document the inability of public services to carry out these projects and if so, is there a plan to strengthen the public sector’s operational and technical capacity to reduce its dependence on external consultants?”
Read here the complete question by Nadia Giannakopoulos
