Compagnie Financière Tradition /
Compagnie Financière Tradition : Reported revenue in Q4 2014 : CHF 214.2m, up
6.2% in constant currencies
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Press Release
Lausanne, 23 January 2015
Net result for the year expected significantly higher
For the year 2014, consolidated revenue was CHF 837.5m compared with CHF 874.4m in 2013, a decrease of 4.2% at current exchange rates or 3.5% in constant currencies.
For the whole year, the Group's consolidated adjusted1) revenue was CHF 894.5m compared with CHF 934.1m in 2013, a decrease of 3.4% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was down 3.1% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was down 16.0%.
Activity levels in the second half of the year were stronger compared with the equivalent period in 2013, with consolidated adjusted revenue up 2.7% in constant currencies.
The Group reported consolidated revenue of CHF 214.2m in the fourth quarter 2014, up 6.2% in constant currencies from the equivalent quarter last year. The Group's consolidated adjusted revenue was CHF 229.8m, up 7.8% at constant exchange rates with IDB up 7.0% and Non-IDB up 41.3%.
In this context, the Group's net result is expected to be significantly higher than last year.
1) with proportionate consolidation method for joint ventures in line with the Group management reports ("Adjusted")
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| 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 2,250 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.
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| MEDIA CONTACTS | |
Patrick Combes, President
Compagnie Financière Tradition SA
+41 (0)21 343 52 22
actionnaire@tradition.ch |
Jeremy Nieckowski
Voxia communication
+41 (0)22 591 22 65
jeremy.nieckowski@voxia.ch |
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Source: Compagnie Financière Tradition via Globenewswire
HUG#1888993