Compagnie Financiere Tradition: Reported revenue s
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Posted On: 04/28/2017 2:00:24 AM
Compagnie Financiere Tradition: Reported revenue stable in Q1 2017 at CHF 213.4 million
Attachments:
| 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 Compagnie Financière Tradition SA +41 (0)21 343 52 22 actionnaire@tradition.ch | Rohan Sant Voxia communication +41 (0)22 591 22 63 rohan.sant@voxia.ch |
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