Press Release Lausanne, 27 October 2017 CFT: 3rd quarter - Increase of reported revenue1) by 2.5%1) and adjusted revenue2) by 4.2% In the third quarter, consolidated revenue was CHF 189.4m compared with CHF 187.5m in the same period in 2016, representing an increase of 2.5%. The Group's consolidated adjusted revenue was CHF 208.0m against CHF 202.5m in 2016, up 4.2% in constant currencies with interdealer broking business (IDB) up 5.3% and the forex trading business for retail investors in Japan (Non-IDB) down 20.4%. For the first nine months of the year, the Group reported consolidated revenue of CHF 600.8m, compared with CHF 612.7m in the same period in 2016, a decrease of 1.9% in current currencies. Excluding currency effects, consolidated revenue of Compagnie Financière Tradition was up 0.3% compared to the same period last year. For the same period, the Group's consolidated adjusted revenue was CHF 653.7m compared with CHF 662.5m in 2016, a decrease of 1.3% in current currencies. However, excluding currency effects, consolidated adjusted revenue was up 1.0%. The adjusted revenue from IDB was up 2.2% in constant currencies while Non-IDB was down 24.8%. 1) Changes are in constant currencies, unless otherwise stated 2) 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 more than 2,200 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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