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26.07.2019 06:30:00
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CFT: Growth in H1 2019 activity, adjusted revenue up 3.4% to CHF 520.5m
| Press Release | |
| Lausanne, 26 July 2019 | |
| Growth in H1 2019 activity, adjusted revenue up 3.4% to CHF 520.5m | |
| Compagnie Financière Tradition activity grew in the first semester with reported consolidated revenue of CHF 474.3m compared with CHF 459.8m in same period in 2018, up 3.1% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 3.2%. For the same period, the Group’s consolidated adjusted1) revenue was CHF 520.5m, compared with CHF 502.7m in 2018, an increase of 3.4% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was up 3.1% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) presented an increase of 11.3%. In the second quarter, consolidated revenue was CHF 234.1m compared with CHF 230.2m in the second quarter 2018, representing an increase of 2.9% in constant currencies. The Group’s consolidated adjusted1) revenue was CHF 256.9m against CHF 251.8m in 2018, up 3.2% in constant currencies with IDB up 3.0% and Non-IDB up 6.9%. 1) Proportionate consolidation method for joint ventures ("Adjusted") | |
| ABOUT COMPAGNIE FINANCIERE TRADITION SA | |
| 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 | |
| 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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