Compagnie Financiere Tradition: Reported revenue stable in Q1 2017 at CHF 213.4 million
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Compagnie Financiere Tradition: Reported revenue stable in Q1 2017 at CHF 213.4
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Press Release
Lausanne, 28 April 2017
Reported revenue stable in Q1 2017 at CHF 213.4m
Compagnie Financière Tradition reported first-quarter consolidated revenue of
CHF 213.4m compared with CHF 219.5m in same period in 2016, up 0.2% in
constant currencies. At current exchange rates, consolidated revenue showed a
decrease of 2.8%, impacted by the weakness of pound sterling compared to the
same period last year.
For the same period, the Group's consolidated adjusted(1)) revenue was CHF
230.4m, compared with CHF 236.4m in 2016, an increase of 0.4% at constant
exchange rates. The adjusted revenue from interdealer broking business (IDB)
was up 1.2% in constant currencies while the forex trading business for retail
investors in Japan (Non-IDB) was down 20.5%.
(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 2,150
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 Rohan Sant
Compagnie Financière Tradition SA Voxia communication
+41 (0)21 343 52 22 +41 (0)22 591 22 63
actionnaire(at)tradition.ch rohan.sant(at)voxia.ch
Reported revenue stable in Q1 2017 at CHF 213.4m:
http://hugin.info/133362/R/2099950/795886.pdf
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Source: Compagnie Financière Tradition via GlobeNewswire
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