Earnings Release • Aug 8, 2024
Earnings Release
Open in ViewerOpens in native device viewer
Ad hoc announcement pursuant to Art. 53 LR
| Lausanne, 08 August 2024 |
Ad hoc announcement pursuant to Article 53 of the Six Exchange Regulation Listing Rules
1 st semester 2024 : Growth in revenue 1) to CHF 577.0m,
up 9.2% at constant exchange rates
Growth of 14.4% in the 2 nd quarter at constant exchange rates
Compagnie Financière Tradition continued to grow since the beginning of the year, along the lines of last year. At constant exchange rates, consolidated revenue, including share of joint ventures, increased by 9.2% in the first semester of the year, with a growth of 14.4% in the 2 nd quarter. The level of activity over the period was up in all regions and the majority of asset classes, driven notably by the Group’s organic growth policy.
Consolidated revenue continued to be impacted by a currency effect compared to the first semester of 2023 due to the strengthening of the Swiss franc, notably against the Japanese yen. Details are as follows:
Revenue for the 1 st semester:
| CHFm | 2024 | 2023 | Variation at current exchange rates | Variation at constant exchange rates |
| Reported revenue (IFRS) | 537.1 | 513.3 | +4.6% | +9.2% |
| Adjusted revenue including share of joint ventures 1) | 577.0 | 552.4 | +4.4% | +9.2% |
| Interdealer broking business (IDB) | 560.3 | 534.0 | +4.9% | +9.4% |
| Retail investors (Non-IDB) | 16.7 | 18.4 | -9.3% | +4.9% |
Revenue for the 2 nd quarter:
| CHFm | 2024 | 2023 | Variation at current exchange rates | Variation at constant exchange rates |
| Reported revenue (IFRS) | 271.5 | 241.7 | +12.3% | +14.4% |
| Adjusted revenue including share of joint ventures 1) | 293.2 | 261.9 | +11.9% | +14.4% |
| Interdealer broking business (IDB) | 283.5 | 251.7 | +12.6% | +14.7% |
| Retail investors (Non-IDB) | 9.7 | 10.2 | -5.6% | +7.0% |
1) Proportionate consolidation method for joint ventures
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 over 30 countries. Compagnie Financière Tradition SA employs more than 2,400 people globally and provides broking and data 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 .
***CONTACTS MEDIA
**Patrick Combes, Chairman
Compagnie Financière Tradition SA
+41 (0)21 343 52 87
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.