25/01/2019 00:30:00

Cft: Growth in activity for the year 2018, adjusted revenue up 10.4% to CHF 971.7m

Press Release

 Lausanne, 25 January 2019

 

 Growth in activity for the year 2018, adjusted revenue up 10.4% to CHF 971.7m

 

 

Compagnie Financière Tradition activity grew in the year with reported consolidated revenue of

CHF 884.7m compared with CHF 802.5m in 2017, up 9.5% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 10.2%.

For the whole year, the Group’s consolidated adjusted1) revenue was CHF 971.7m, compared with CHF 873.5m in 2017, an increase of 10.4% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was up 9.7% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) presented an increase of 31.9%.

In the fourth quarter, consolidated revenue was CHF 220.7m compared with CHF 201.7m in the fourth quarter 2017, representing an increase of 10.9% in constant currencies. The Group’s consolidated adjusted1) revenue was CHF 241.9m against CHF 219.8m in 2017, up 11.4% in constant currencies with IDB up 10.9% and Non-IDB up 27.8%.

1)   Proportionate consolidation method for joint ventures ("Adjusted")

 

About TRADITION

 
 

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 2,225 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

  

MEDIA CONTACTS

 

Patrick Combes, President 

Compagnie Financière Tradition SA 

+41 (0)21 343 52 22 

actionnaire@tradition.ch

Rohan Sant

Voxia communication

+41 (0)22 591 22 63

rohan.sant@voxia.ch

  

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