Compagnie Financière Tradition: Growth in adjusted revenue by 13.9% in the 3rd quarter to CHF 253.9m

Written by Customer Service on . Posted in Public Companies.

Growth in adjusted revenue by 13.9% in the 3rdquarter to CHF 253.9mCompagnie Financière Tradition activity grew strongly during the third quarter 2019 with reported consolidated revenue of CHF 230.8m compared with CHF 204.2m in 2018, representing an increase of 15.3% in constant currencies. For the same period, the Group’s consolidated adjusted1) revenue was CHF 253.9m, compared with CHF 227.1m in 2018, an increase of 13.9% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was up 15.2% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) presented a decrease of 12.6%.In the first nine months of the year, reported consolidated revenue was CHF 705.1m compared with CHF 664.0m in same period in 2018, up 6.9% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 6.2%. The Group’s consolidated adjusted revenue was CHF 774.4m against CHF 729.8m in 2018, up 6.7% in constant currencies with IDB businesses up 6.9% and Non-IDB up 2.1%.1) Proportionate consolidation method for joint ventures (“Adjusted”)ABOUT COMPAGNIE FINANCIERE TRADITION SACompagnie 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.comMEDIA CONTACTS     AnhangCFT – Communiqué du chiffre d’affaires Q3 2019 – EN_VF

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.