growth of 4.7% in constant currencies PRESS RELEASE Lausanne, 24 JANUARY 2020
Adjusted revenue of CHF 1,012.5m in 2019, growth of 4.7% in constant currencies
Compagnie Financière Tradition activity grew in the year with reported
consolidated revenue of CHF 924.1m compared with CHF 884.7m in 2018, up 5.1% in
constant currencies. At current exchange rates, consolidated revenue presented
an increase of 4.5%.
For the whole year, the Group's consolidated adjusted 1) revenue was CHF
1,012.5m, compared with CHF 971.7m in 2018, an increase of 4.7% at constant
exchange rates. The adjusted revenue from interdealer broking business (IDB)
was up 5.0% in constant currencies while the forex trading business for retail
investors in Japan (Non-IDB) was down 2.7%.
After an increase of 3.4% in constant currencies during the first semester,
the consolidated adjusted revenue was up 6.1% in constant currencies in the
second half of the year compared with the equivalent period in 2018, with IDB
up 7.0% and Non-IDB down 14.8%.
compared with CHF 220.7m in the fourth quarter 2018, representing a decrease of
0.2% in constant currencies. The Group's consolidated adjusted revenue was CHF
238.1m against CHF 241.9m in 2018, down 1.1% in constant currencies with IDB
down 0.5% and Non-IDB down 17.5%.
1) Proportionate consolidation method for joint ventures ("Adjusted")
Compagnie Financière Tradition SA is one of the world's largest interdealer
brokers in over-the-counter financial and commodity related products.
Represented in 29 countries, Compagnie Financière Tradition SA employs more
than 2,300 people globally and provides broking services for a complete range
of financial products (money market products, bonds, interest rate, currency
and credit derivatives, equities, equity derivatives, interest rate futures and
index futures) and non-financial products (energy and environmental products,
and precious metals). Compagnie Financière Tradition SA (CFT) is listed on the
SIX Swiss Exchange.
For more information, please visit www.tradition.com
Patrick Combes, President Rohan Sant Compagnie Financière Tradition SA Voxia
communication +41 (0)21 343 52 87 +41 (0)22 591 22 63 email@example.com
24 JANUARY 2020
Anhang CFT - Communiqué du chiffre d'affaires Q4 2019 - EN_VF