Compagnie Financiere Tradition: Adjusted revenue of CHF 1,053.9m in 2023, up
9.5% Ad hoc announcement pursuant
to Article 53 of the Six Exchange
Regulation Listing Rules Lausanne, 1 february 2024
Adjusted 1) revenue of CHF 1,053.9m in 2023,
up 9.5% at constant exchange rates;
Growth of 11.5% in the 4 th quarter at constant exchange rates
Compagnie Financière Tradition recorded a growth in its reported revenue
(IFRS) for the full 2023 financial year and in particular in the 4 th quarter
with an increase of 10.6% and 13.4% respectively at constant exchange rates.
Indeed, the normalization of the monetary policy of central banks with the
increase in interest rates during the year followed by an observation period in
the search of the balance point that combine the control of inflation and a
soft landing of the economy, all in an already complex geopolitical
environment, were supportive to the Group's interdealer broking business
activities. Tradition also benefited from favorable market conditions in the
energy and commodity businesses as well as the development of its activity
dedicated to market data commercialization (TraditionData). Furthermore, the
Group's activity continues to be stimulated by its organic growth policy.
Revenue for the financial year:
CHFm
2023
2022 Variation at current exchange rates Variation at constant exchange rates
Reported revenue (IFRS) 982.4 947.4 +3.7% +10.6% Adjusted revenue including
share of joint ventures 1) 1,053.9 1,028.6 +2.5% +9.5% Interdealer broking
business (IDB) 1,022.5 994.7 +2.8% +9.6% Retail investors (Non-IDB) 31.4 33.9
-7.3% +5.5%
Revenue for the 4 th quarter:
CHFm 2023 2022 Variation at current exchange rates Variation at constant
exchange rates Reported revenue (IFRS) 244.1 231.1 +5.6% +13.4% Adjusted
revenue including share of joint ventures 1) 260.4 250.9 +3.8% +11.5%
Interdealer broking business (IDB) 253.8 242.7 +4.6% +12.3% Retail investors
(Non-IDB) 6.6 8.2 -20.3% -8.2%
1) Proportionate consolidation method for joint ventures
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 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 .
Patrick Combes, President Germain Rousseau Compagnie Financière Tradition SA
Voxia communication +41 (0)21 343 52 87 +41 (0)22 591 22 61
actionnaire@tradition.ch germain.rousseau@voxia.ch
Anhang CFT - Ad hoc announcement pursuant to Art. 53 LR - CP CA Q4 - EN_VF
