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Compagnie Financière Tradition SA (OTC: CFNCF) is a global interdealer brokerage leader specializing in OTC financial instruments and commodity markets. This dedicated news hub provides investors and market participants with essential updates on corporate developments, strategic initiatives, and operational milestones.
Access real-time announcements including quarterly earnings reports, market expansion updates, and digital transformation progress. Our curated collection features regulatory filings, partnership announcements, and analysis of CFNCF's position in global derivatives trading and retail forex markets.
Key coverage areas include liquidity management innovations, data analytics advancements, and operational updates across CFNCF's 30+ country network. Stay informed about the company's dual focus on institutional interdealer broking and specialized retail trading platforms through verified primary sources.
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Compagnie Financière Tradition SA (CFNCF) has announced the early publication of its 2024 Annual Report. The report, which includes comprehensive annual and consolidated financial statements for the fiscal year 2024, has been released ahead of schedule as part of the company's commitment to transparency and better alignment with market expectations.
The complete report is now accessible on the company's website through their financials/reports section.
Compagnie Financière Tradition reported strong financial results for 2024, with consolidated revenue growing 11.0% at constant currencies to CHF 1,132.8m. The company's operating profit increased 23.2% to CHF 152.4m, with an improved margin of 13.4%.
Key highlights include:
- EBITDA rose 19.7% to CHF 176.5m with a 15.6% margin
- Net profit Group share increased 27.0% to CHF 115.6m
- Basic earnings per share up 23.2% to CHF 15.09
- Cash dividend increased 12.5% to CHF 6.75 per share
The company's strong performance was driven by volatile financial markets and central banks' monetary policy shifts. The interdealer broking business revenue grew 10.7%, while the online forex trading segment in Japan surged 22.6%. The company maintained a strong balance sheet with net cash of CHF 305.0m and consolidated equity of CHF 505.9m.
Compagnie Financière Tradition reported strong financial results for 2024, with consolidated revenue, including joint ventures, reaching CHF 1,132.8 million, marking an 11.0% increase at constant exchange rates from CHF 1,053.9 million in 2023. The fourth quarter showed consistent growth of 11.0% at constant rates, reaching CHF 283.5 million compared to CHF 260.4 million in 2023.
The company's performance was driven by a dynamic macroeconomic environment, characterized by central bank monetary policy adjustments and geopolitical uncertainties. These factors led to increased market volatility and higher trading volumes across all regions and asset classes. The Interdealer broking (IDB) business generated CHF 1,097.8 million (+10.7%), while the Retail investors segment (Non-IDB) contributed CHF 35.0 million (+22.6%) at constant exchange rates.
Compagnie Financière Tradition reported strong growth in Q3 2024, with consolidated revenue including joint ventures reaching CHF 272.3m, up 16.2% at constant exchange rates compared to CHF 241.1m in 2023. For the first nine months of 2024, revenue grew to CHF 849.3m, representing an 11.3% increase at constant exchange rates from CHF 793.5m in 2023. The Interdealer broking business (IDB) showed a 15% increase in Q3, while the Retail investors segment (Non-IDB) demonstrated remarkable growth of 59.3% at constant exchange rates.
Compagnie Financière Tradition reported strong growth in its Half-Year Results 2024. Key highlights include:
- Revenue increased by 9.2% to CHF 577.0m at constant exchange rates
- EBITDA rose by 10.6% to CHF 92.2m, with a margin of 16.0%
- Net profit Group share grew by 24.5% to CHF 60.0m
- Basic earnings per share increased by 21.9% to CHF 7.98
The company saw growth across all regions and most asset classes, driven by its organic growth policy. The interdealer broking (IDB) business revenue grew by 9.4%, while the online forex trading business for retail investors in Japan increased by 4.9%. The company maintains a strong balance sheet with consolidated equity of CHF 456.9m and net cash of CHF 251.6m.
Compagnie Financière Tradition (CFNCF) reported strong growth in the first semester of 2024, with adjusted revenue including joint ventures reaching CHF 577.0 million, up 9.2% at constant exchange rates. The second quarter saw even stronger performance, with revenue growth of 14.4% at constant exchange rates. The company's Interdealer broking (IDB) business grew by 9.4%, while the Retail investors (Non-IDB) segment increased by 4.9% in the first half. Despite positive growth, reported revenue was impacted by currency effects due to the strengthening Swiss franc, particularly against the Japanese yen. The company's organic growth policy drove increased activity across all regions and most asset classes.
On May 21, 2024, Compagnie Financiere Tradition's Annual General Meeting approved a dividend proposal by the Board of Directors, previously published on April 25, 2024.
The dividend is set at CHF 6.00 per bearer share, resulting in a total payout of CHF 46,275,012.
The available retained earnings carried forward amount to CHF 90,100,093, subject to adjustments based on the number of treasury shares held as of May 23, 2024.
Compagnie Financière Tradition reported a 4.6% growth in revenue at constant exchange rates to CHF 283.8m in Q1 2024, with a further 9.0% increase over the first four months of the year. The company's revenue growth was impacted by the number of working days and currency effects, but overall showed a positive trend compared to the same period in 2023.
