Compagnie Financière Tradition: Growth in activity for the first nine months
of 2023 with adjusted revenue of CHF 793.5m, up 8.8% Ad hoc announcement
to Article 53 of the Six Exchange
Regulation Listing Rules Lausanne, 2 November 2023
Growth in activity for the first nine months of 2023
with adjusted revenue of CHF 793.5m,
up 8.8% at constant exchange rates
Compagnie Financière Tradition activity grew over the first nine months of the
year with reported consolidated revenue of CHF 738.3m compared with CHF 716.3m
in the same period in 2022, up 9.7% at constant exchange rates (an increase of
3.1% at current exchange rates). The Group’s consolidated adjusted 1) revenue
was CHF 793.5m against CHF 777.7m in 2022, up 8.8% at constant exchange rates
which is the result of an increase of 8.7% in interdealer broking business
(IDB) and 10.4% in the forex trading business for retail investors in Japan
The strong international footprint of the Group's activities had a significant
currency effect on consolidated revenue over the period due to the
strengthening of the Swiss franc, notably against the US dollar, the pound
sterling and the Japanese yen which increased during the 3 rd quarter
particularly against the US dollar and yen.
Thus, in the third quarter of 2023, reported consolidated revenue was up 3.8%
at constant exchange rates with however a base effect arising from a
particularly dynamic level of activity over the same period last year due to
increased volatility in the markets. At current exchange rates, consolidated
revenue was CHF 225.0m compared with CHF 232.4m in the same period in 2022,
representing a decrease of 3.2%. The Group’s consolidated adjusted 1) revenue
was CHF 241.1m against CHF 252.6m in 2022 resulting, excluding any currency
effect, in an increase of 2.6% with IDB up 2.9% and Non-IDB down 6.3%.
The level of activity in October was up by close to 9% at constant exchange
rates on 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 2,400 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 Rohan Sant Compagnie Financière Tradition SA Voxia
communication +41 (0)21 343 52 87 +41 (0)22 591 22 63 email@example.com
Anhang CFT chiffre d'affaires Q3 2023 EN