Revenue: CHF 656.4m EBIDTA: CHF 65.8m
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Compagnie Financière Tradition / Revenue: CHF 656.4m EBIDTA: CHF 65.8m processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Press release
Revenue: CHF 656.4m
EBIDTA: CHF 65.8m
+---------------------------+---------+---------+
| | | |
| CHFm | H1 2010 | H1 2009 |
| | | |
+---------------------------+---------+---------+
| Revenue | 656,4 | 743,6 |
+---------------------------+---------+---------+
| EBIDTA | 65.8 | 116.2 |
+---------------------------+---------+---------+
| Operating profit | 42,6 | 91,8 |
+---------------------------+---------+---------+
| Profit before tax | 45,7 | 92,9 |
+---------------------------+---------+---------+
| Net profit for the period | 28,7 | 62,9 |
+---------------------------+---------+---------+
| Net attributable profit | 22,3 | 54,3 |
+---------------------------+---------+---------+
Consolidated revenue was down 9.8% at constant exchange rates. However,
activity levels showed an improvement in the first half, with consolidated
revenue up 7.0% on the second half of 2009 (at constant exchange rates).
Operating results for the first six months of 2010 were impacted by an
amortisation charge on an intangible asset of CHF 10.5m (2009: CHF 10.6m) as
well as other net exceptional costs of CHF 7.1m (2009: CHF 6.3m). This brought
the consolidated underlying operating margin to 9.2% of consolidated revenue.
The operating result in the first half of 2009 had benefitted from gains of CHF
25.6m, realised on the disposal of interests in Group companies.
Compagnie Financière Tradition is pursuing its cost reduction programme and the
full effects should be felt in 2011. Nonetheless, during the first half of 2010
we continued our investments in specific product groups and to develop our
technological tools. The Group also benefitted from its strategic position in
high growth markets in regions such as Asia.
Consolidated equity stood at CHF 403.5m at 30 June 2010, CHF 335.3m of which was
attributable to Company shareholders.
With a presence in 27 countries, Compagnie Financière Tradition SA is a leading
interdealer broker (IDB) in the international market. The Group 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 is listed on the SIX Swiss Exchange (CFT). For
more information on our Group, visit our website at www.traditiongroup.com.
Compagnie Financière Tradition's interim condensed consolidated financial
statements for the six-month period ended 30 June 2010 are available on our
website at http://www.traditiongroup.com/financials/reports.aspx
Lausanne, 25 August 2010
Press contacts:
Compagnie Financière Tradition SA Rochat & Partners
Patrick Combes, CEO Philippe Dunant
Tel.: +41 21 343 52 78 Tel.: +41 22 718 37 42
[HUG#1440045]
--- End of Message ---
Compagnie Financière Tradition
Langallerie 11 Lausanne Switzerland
WKN: 870121;ISIN: CH0014345117;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
Press release:
http://hugin.info/133362/R/1440045/384406.pdf
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Source: Compagnie Financière Tradition via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 25.08.2010 - 07:31 Uhr
Sprache: Deutsch
News-ID 39966
Anzahl Zeichen: 0
contact information:
Town:
Lausanne
Kategorie:
Business News
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