PRESS RELEASE
Lausanne,
30 Aprl 2021
Q1 2021: adjusted revenue of CHF 259.2m,
down 11.3% at constant exchange rates
The average level of activity for the months of January and February
showed a slight increase at constant exchange rates compared to the same
period last year. However, an important base effect was noted in the
month of March given the exceptional volume of activity in 2020 which
took place in a context of a gradual health crisis resulting from
COVID-19, causing very high volatility in the financial markets.
Against this backdrop, Compagnie Financière Tradition reported
consolidated revenue of CHF 238.6m in the first quarter 2021 compared
with CHF 277.3m in same period in 2020, down 14.0% at current exchange
rates. At constant exchange rates, consolidated revenue presented a
decrease of 10.6%.
For the same period, the Group's consolidated adjusted(*) revenue was
CHF 259.2m compared with
CHF 303.5m in 2020, a decrease of 11.3% at constant exchange rates. The
adjusted revenue from interdealer broking business (IDB) was down 10.8%
at constant exchange rates while the forex trading business for retail
investors in Japan (Non-IDB) presented a decrease of 21.8%.
(*) Proportionate consolidation method for joint ventures ("Adjusted")
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
Patrick Combes, President Rohan Sant
Compagnie Financière Tradition
SA Voxia communication
+41 (0)21 343 52 87 +41 (0)22 591 22 63
mailto:actionnaire@tradition.ch mailto:rohan.sant@voxia.ch
actionnaire@tradition.ch rohan.sant@voxia.ch
Anhang
-- CFT - Communiqué du chiffre d'affaires Q1 2021 - EN_VF
https://ml-eu.globenewswire.com/Resource/Download/b94d73f0-a8c4-425b-aac8-d2ac5546a8ff
(END) Dow Jones Newswires
April 30, 2021 01:00 ET (05:00 GMT)