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Compagnie Financière Tradition SA is a prominent interdealer broker specializing in over-the-counter financial and commodity products across 30 countries. With over 2,400 global employees, the company offers broking and data services for a wide range of financial and non-financial products. Compagnie Financière Tradition SA (CFT) is publicly traded on the SIX Swiss Exchange.
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.
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