Compagnie Financière Tradition: Group activity stabilizing in H1 2016 with reported revenue of CHF 425.2m
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Compagnie Financière Tradition: Group activity stabilizing in H1 2016 with
reported revenue of CHF 425.2m
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Press Release
Lausanne, 22 July 2016
Group activity stabilizing in H1 2016 with reported revenue
of CHF 425.2m
Q2 reported revenue up 2.2% in constant currencies
The Group reported first-half consolidated revenue of CHF 425.2m, compared
with CHF 426.6m in the same period in 2015, a decrease of 0.3% at current
exchange rates or 1.6% in constant currencies.
For the same period, the Group's consolidated adjusted(1)) revenue was CHF
460.0m compared with CHF 457.2m in 2015, representing an increase of 0.6% at
current exchange rates. In constant currencies, the adjusted revenue decreased
by 1.0%. The adjusted revenue from interdealer broking business (IDB) was down
2.3% in constant currencies while the forex trading business for retail
investors in Japan (Non-IDB) was up 48.1%.
In the second quarter, consolidated revenue was CHF 205.8m compared with CHF
199.3m in the second quarter 2015, representing an increase of 2.2% in
constant currencies. The Group's consolidated adjusted(1)) revenue was CHF
223.6m against CHF 214.1m in 2015, up 2.8% in constant currencies with IDB up
1.4% and Non-IDB up 50.0%.
(1)) with proportionate consolidation method for joint ventures ("Adjusted")
About TRADITION
Compagnie Financière Tradition SA is one of the world's largest interdealer
brokers in over-the-counter financial and commodity related products.
Represented in 28 countries, Compagnie Financière Tradition SA employs 2,175
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.
MEDIA CONTACTS
Patrick Combes, President Jeremy Nieckowski
Compagnie Financière Tradition SA Voxia communication
+41 (0)21 343 52 22 +41 (0)22 591 22 63
actionnaire(at)tradition.ch jeremy.nieckowski(at)voxia.ch
CFT_Press release:
http://hugin.info/133362/R/2030057/755026.pdf
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Source: Compagnie Financière Tradition via GlobeNewswire
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