Compagnie Financière Tradition: 1st semester 2021 - Adjusted revenue of CHF
491.0m, down 9.9% at constant exchange rates Ad hoc announcement
pursuant to Art. 53 LR Lausanne, 30 July 2021
1 st semester 2021: Adjusted revenue of CHF 491.0m,
down 9.9% at constant exchange rates
Compagnie Financière Tradition reported consolidated revenue of CHF 452.0m in
the first semester 2021 compared with CHF 512.8m in same period in 2020, down
11.9% at current exchange rates. At constant exchange rates, consolidated
revenue presented a decrease of 9.9%.
For the same period, the Group’s consolidated adjusted * revenue was CHF
491.0m compared with CHF 558.0m in 2020, a decrease of 9.9% at constant
exchange rates. The adjusted revenue from interdealer broking business (IDB)
was down 9.8% at constant exchange rates while the forex trading business for
retail investors in Japan (Non-IDB) presented a decrease of 13.8%.
In the second quarter, consolidated revenue was CHF 213.3m compared with CHF
235.5m in the second quarter 2020, representing a decrease of 9.0% at constant
exchange rates. The Group’s consolidated adjusted 1) revenue was CHF 231.8m
against CHF 254.5m in 2020, down 8.4% at constant exchange rates with IDB down
8.6% and Non-IDB down 2.4%.
The activity of the first semester 2021 should be put into perspective with
the exceptional volume of activity in the same period last year, particularly
in March and to a lesser extent in April. Indeed, the gradual health crisis
resulting from COVID-19 had caused a very high volatility in the financial
markets positively impacting the Group's revenue. Thus, the context of
normalization of activities that we experience with the decrease in the Group's
revenue will have a negative impact on the expected half-year results which
should notably return to the level of the first semester 2019. Finally, the
level of activity for the month of July shows a slight increase compared to the
same period last year.
1) Proportionate consolidation method for joint ventures ('Adjusted')
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 2,300 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.com .
Patrick Combes, President Rohan Sant Compagnie Financière Tradition SA Voxia
communication +41 (0)21 343 52 87 +41 (0)22 591 22 63 firstname.lastname@example.org
Anhang CFT - Ad hoc announcement pursuant to Art. 53 LR - Communiqué du
chiffre d'affaires Q2 2021 - EN_VF