Consolidated revenue in 2010: CHF 1,210.4m
(Thomson Reuters ONE) -
Compagnie Financière Tradition /
Consolidated revenue in 2010: CHF 1,210.4m
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Compagnie Financière Tradition SA reported consolidated revenue of CHF 1,210.4m
for the year ended 31 December 2010 compared with CHF 1,352.7m for 2009, a
decrease of 7.6% at constant exchange rates or 10.5% at current exchange rates.
Consolidated revenue in the fourth quarter 2010 was CHF 273.0m, down 5.4% on the
same period in 2009 at constant exchange rates or 10.1% at current exchange
rates. This decline can be explained primarily by a sharp slowdown in business
volumes (-CHF 15.0m) at one of the Group's Japan based operating subsidiaries,
Gaitame.com. The Group holds a substantial minority stake in this company, which
runs an online foreign exchange trading platform catering to retail clients.
These lower volumes, which severely affected the operating results consolidated
by the Group for this company, were caused by a change in the regulatory
environment for this activity and were further hit by a service interruption in
the fourth quarter following a technical incident.
Compagnie Financière Tradition's interdealer broking revenue (which excludes
Gaitame.com) in the fourth quarter remained stable at constant exchange rates.
The UK and the American continent continued to be the Group's major revenue
generators, accounting for 36.3% and 30.0% of revenue respectively (36.5% and
29.6% at 31 December 2009). Asia generated 24.6% of Group revenues compared with
22.8% in 2009, while continental Europe accounted for 9.1% (2009:11.1%).
With a presence in 27 countries, Compagnie Financière Tradition SA is one of the
world's leading interdealer brokers (IDB). 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). You
can find out more about our Group on our website at www.tradition.com.
Lausanne, 27 January 2011
Press contacts:
Compagnie Financière Tradition SA Rochat & Partners
Patrick Combes, President Philippe Dunant
Tel.: +41 21 343 52 66 Tel.: +41 22 718 37 42
--- 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/1482768/418091.pdf
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Source: Compagnie Financière Tradition via Thomson Reuters ONE
[HUG#1482768]
Unternehmensinformation / Kurzprofil:
Datum: 27.01.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 50773
Anzahl Zeichen: 4037
contact information:
Town:
Lausanne
Kategorie:
Business News
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