25.07.2017 07:00:41
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GlobeNewswire/CFT: H1 2017 reported revenue: CHF 411.4m
Compagnie Financière Tradition / CFT: H1 2017 reported revenue: CHF 411.4m . Verarbeitet und übermittelt durch Nasdaq Corporate Solutions. Für den Inhalt der Mitteilung ist der Emittent verantwortlich. Source: Globenewswire
Press Release Lausanne, 25 July 2017 H1 2017 reported revenue: CHF 411.4m The Group reported first-half consolidated revenue of CHF 411.4m, compared with CHF 425.2m in the same period in 2016, a decrease of 0.6% at constant exchange rates. In current currencies, the reported revenue remains impacted by the weakness of pound sterling following the vote on Brexit, down 3.3% compared to the same period last year. For the same period, the Group's consolidated adjusted(1) revenue was CHF 445.7m compared with CHF 460.0m in 2016, representing a decrease of 0.5% at constant exchange rates. In current currencies, the adjusted revenue decreased by 3.1%. The adjusted revenue from interdealer broking business (IDB) was up 0.8% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was down 28.6%. In the second quarter, consolidated revenue was CHF 198.0m compared with CHF 205.8m in the second quarter 2016, representing a decrease of 0.8% in constant currencies. The Group's consolidated adjusted(1) revenue was CHF 215.3m against CHF 223.6m in 2016, down 1.6% in constant currencies with IDB down 0.1% and Non-IDB down 32.1%. 1) with 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 28 countries, Compagnie Financière Tradition SA employs 2,150 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
H1 2017 reported revenue: http://hugin.info/133362/R/2122660/809424.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Compagnie Financière Tradition via Globenewswire
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Compagnie Financière Tradition
Langallerie 11 Lausanne Schweiz
WKN: 870121;ISIN: CH0014345117;
Notiert: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
http://www.traditiongroup.com (END) Dow Jones Newswires
July 25, 2017 00:30 ET (04:30 GMT)- - 12 30 AM EDT 07-25-17
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