CFT: Reported revenue in third quarter 2014: CHF 197.9m, down 2.8% in constant currencies

Compagnie Financière Tradition / CFT: Reported revenue in third quarter 2014: CHF 197.9m, down 2.8% in constant currencies . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Press Release
Lausanne, 23 October 2014 


  The Group reported consolidated revenue of CHF 197.9m in the third quarter 2014, down 2.8% in constant currencies from the equivalent quarter last year. The Group's consolidated adjusted1) revenue was CHF 212.4m, down 2.1% at constant exchange rates with IDB down 1.9% and Non-IDB down 8.1%.

 

For the first nine months of the year, consolidated revenue was CHF 623.3m compared with
CHF 679.5m in same period in 2013, a decrease of 8.3% at current exchange rates or 6.3% in constant currencies.

 

For the same period, the Group's consolidated adjusted1) revenue was CHF 664.7m compared with CHF 727.9m in 2013, a decrease of 6.7% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was down 6.1% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was down 29.6%.

 

 

1) with proportionate consolidation method for joint ventures in line with the Group management reports ("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 2,250 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

 

  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  CFT_Press release


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Source: Compagnie Financière Tradition via Globenewswire
HUG#1864983

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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;