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Compagnie Financière Tradition (CFT): press release results Q3 2016

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Compagnie Financière Tradition / Compagnie Financière Tradition (CFT): press release results Q3 2016 . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Press Release
Lausanne, 21 October 2016 
 
 Reported revenue at 30 September 2016 of CHF 612.7m,
down 1.9% in constant currencies  
 

For the first nine months of the year, the Group reported consolidated revenue of CHF 612.7m, compared with CHF 623.8m in the same period in 2015, a decrease of 1.8% at current exchange rates or 1.9% in constant currencies.

For the same period, the Group's consolidated adjusted1) revenue was CHF 662.5m compared with CHF 669.3m in 2015, representing a decrease of 1.0% at current exchange rates. In constant currencies, the adjusted revenue decreased by 1.6%. The adjusted revenue from interdealer broking business (IDB) was down 2.5% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was up 30.7%.

In the third quarter, consolidated revenue was CHF 187.5m compared with CHF 197.2m in the third quarter 2015, representing a decrease of 2.4% in constant currencies. The Group's consolidated adjusted1) revenue was CHF 202.5m against CHF 212.2m in 2015, down 2.4% in constant currencies with IDB down 2.7% and Non-IDB up 7.5%.

 

 

 

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 2,175 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
   



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Compagnie Financière Tradition via Globenewswire

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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;


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