LAUSANNE, 28 JANUARY 2022
Ad hoc announcement pursuant to Article 53 of the Six Exchange Regulation Listing Rules
Growth in adjusted revenue by 7.1% in the 4th quarter
to CHF 239.3m
The Group's activities progressed in the second half of 2021 after a period of normalization of activity during the first half of the financial year given the extreme volatility on the financial markets at the very beginning of the health crisis.
In the fourth quarter, Compagnie Financière Tradition reported consolidated revenue of CHF 219.0m compared with CHF 204.5m in 2020, representing an increase of 5.5% at constant exchange rates. For the same period, the Group's consolidated adjusted1) revenue was CHF 239.3m, compared with CHF 220.8m in 2020, up 7.1% at constant exchange rates with interdealer broking business (IDB) up 5.9% and the forex trading business for retail investors in Japan (Non-IDB) up 42.7% respectively. At current exchange rates, consolidated revenue would increase by 8.3%, of which 7.5% and 35.0% for the IDB and Non-IDB respectively.
Thus, in the second semester, Compagnie Financière Tradition reported consolidated revenue of CHF 421.6m compared with CHF 390.2m in 2020, representing an increase of 6.0% at constant exchange rates. For the same period, the Group's consolidated adjusted1) revenue was CHF 459.8m, compared with CHF 423.2m in 2020, up 6.8% at constant exchange rates with IDB up 6.1% and Non- IDB up 28.2% respectively.
For the fiscal year 2021, reported consolidated revenue was CHF 873.6m compared with CHF 903.0m in 2020, down 2.9% at constant exchange rates. The Group's consolidated adjusted revenue was CHF 950.8m against CHF 981.2m in 2020, down 2.5% at constant exchange rates with IDB down 2.8% and Non-IDB up 3.8%.
- Proportionate consolidation method for joint ventures ("Adjusted")
ABOUT COMPAGNIE FINANCIERE TRADITION SA
Compagnie Financière Tradition SA is one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. Represented in over 30 countries, Compagnie Financière Tradition SA employs more than 2,300 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 87 | +41 (0)22 591 22 63 | ||
actionnaire@tradition.ch | rohan.sant@voxia.ch |
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CFT - Compagnie Financière Tradition SA published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 05:35:10 UTC.