1st semester 2024 : Growth in revenue1) to CHF 577.0m, up 9.2% at constant exchange rates Growth of 14.4% in the 2nd quarter at constant exchange rates
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.
Compagnie Financière Tradition (CFNCF) ha registrato una forte crescita nel primo semestre del 2024, con ricavi rettificati, inclusi i joint venture, che hanno raggiunto CHF 577,0 milioni, in aumento del 9,2% a tassi di cambio costanti. Il secondo trimestre ha mostrato una performance ancora più forte, con una crescita dei ricavi del 14,4% a tassi di cambio costanti. Il business di intermediazione tra dealer (IDB) della società è cresciuto del 9,4%, mentre il segmento degli investitori al dettaglio (Non-IDB) è aumentato del 4,9% nel primo semestre. Nonostante la crescita positiva, i ricavi riportati sono stati influenzati da effetti valutari a causa dell'apprezzamento del franco svizzero, in particolare rispetto allo yen giapponese. La politica di crescita organica dell'azienda ha portato a un aumento dell'attività in tutte le regioni e nella maggior parte delle classi di attività.
Compagnie Financière Tradition (CFNCF) reportó un fuerte crecimiento en el primer semestre de 2024, con ingresos ajustados que incluyen empresas conjuntas alcanzando CHF 577,0 millones, un aumento del 9,2% a tasas de cambio constantes. El segundo trimestre mostró un rendimiento aún más sólido, con un crecimiento de ingresos del 14,4% a tasas de cambio constantes. El negocio de intermediación entre dealers (IDB) de la compañía creció un 9,4%, mientras que el segmento de inversores minoristas (No-IDB) aumentó un 4,9% en la primera mitad. A pesar del crecimiento positivo, los ingresos reportados se vieron afectados por efectos de divisas debido al fortalecimiento del franco suizo, en particular frente al yen japonés. La política de crecimiento orgánico de la empresa impulsó una mayor actividad en todas las regiones y en la mayoría de las clases de activos.
Compagnie Financière Tradition (CFNCF)는 2024년 상반기에 강력한 성장을 보고하며, 조정된 수익이 합작 투자 포함 CHF 577.0 백만에 도달했고, 이는 고정 환율 기준으로 9.2% 증가한 수치입니다. 2분기에는 더욱 강력한 성과를 보이며, 수익 성장이 고정 환율 기준으로 14.4%에 달했습니다. 회사의 중개인 간 거래(IDB) 사업은 9.4% 성장했으며, 소매 투자자(비-IDB) 부문은 상반기 동안 4.9% 증가했습니다. 긍정적인 성장에도 불구하고, 보고된 수익은 스위스 프랑 강세에 따라 일본 엔화에 대해 특히 외환 효과의 영향을 받았습니다. 회사의 유기적 성장 정책은 모든 지역과 대부분의 자산 클래스에서 활동 증가를 이끌었습니다.
La Compagnie Financière Tradition (CFNCF) a annoncé une forte croissance au cours du premier semestre 2024, avec un chiffre d'affaires ajusté, incluant les coentreprises, atteignant CHF 577,0 millions, soit une augmentation de 9,2% à taux de change constants. Le deuxième trimestre a montré une performance encore plus forte, avec une croissance du chiffre d'affaires de 14,4% à taux de change constants. L'activité d'intermédiation entre courtiers (IDB) de la société a progressé de 9,4%, tandis que le segment des investisseurs de détail (Non-IDB) a augmenté de 4,9% au premier semestre. Malgré cette croissance positive, le chiffre d'affaires déclaré a été affecté par les effets de change en raison du renforcement du franc suisse, en particulier face au yen japonais. La politique de croissance organique de l'entreprise a conduit à une activité accrue dans toutes les régions et la plupart des classes d'actifs.
Die Compagnie Financière Tradition (CFNCF) berichtete im ersten Halbjahr 2024 von starkem Wachstum, wobei die bereinigten Einnahmen einschließlich Joint Ventures CHF 577,0 Millionen erreichten, was einer Steigerung von 9,2% bei konstanten Wechselkursen entspricht. Im zweiten Quartal zeigte sich eine noch stärkere Performance, mit einer Einnahmesteigerung von 14,4% bei konstanten Wechselkursen. Das Interdealer-Brokerage-Geschäft (IDB) des Unternehmens wuchs um 9,4%, während der Einzelhandelsinvestorenbereich (Non-IDB) im ersten Halbjahr um 4,9% zunahm. Trotz des positiven Wachstums waren die gemeldeten Einnahmen von Währungseffekten betroffen, die durch die Aufwertung des Schweizer Frankens, insbesondere gegenüber dem japanischen Yen, verursacht wurden. Die organische Wachstumsstrategie des Unternehmens führte zu einer erhöhten Aktivität in allen Regionen und den meisten Anlageklassen.
- Revenue growth of 9.2% at constant exchange rates in H1 2024
- Strong Q2 performance with 14.4% revenue growth at constant exchange rates
- Interdealer broking (IDB) business grew by 9.4% in H1 2024
- Retail investors (Non-IDB) segment increased by 4.9% in H1 2024
- Increased activity across all regions and most asset classes
- Currency effects due to strengthening Swiss franc impacted reported revenue
Lausanne, Switzerland--(Newsfile Corp. - August 8, 2024) - Ad hoc announcement pursuant to Art. 53 LR
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Ad hoc announcement pursuant to Article 53 of the Six Exchange Regulation Listing Rules
1st semester 2024 : Growth in revenue1) to CHF 577.0m,
up
Growth of
Compagnie Financière Tradition continued to grow since the beginning of the year, along the lines of last year. At constant exchange rates, consolidated revenue, including share of joint ventures, increased by
Consolidated revenue continued to be impacted by a currency effect compared to the first semester of 2023 due to the strengthening of the Swiss franc, notably against the Japanese yen. Details are as follows:
Revenue for the 1st semester:
| CHFm | 2024 | 2023 | Variation at current exchange rates | Variation at constant exchange rates |
| Reported revenue (IFRS) | 537.1 | 513.3 | + | + |
| Adjusted revenue including share of joint ventures1) | 577.0 | 552.4 | + | + |
| Interdealer broking business (IDB) | 560.3 | 534.0 | + | + |
| Retail investors (Non-IDB) | 16.7 | 18.4 | - | + |
Revenue for the 2nd quarter:
| CHFm | 2024 | 2023 | Variation at current exchange rates | Variation at constant exchange rates |
| Reported revenue (IFRS) | 271.5 | 241.7 | + | + |
| Adjusted revenue including share of joint ventures1) | 293.2 | 261.9 | + | + |
| Interdealer broking business (IDB) | 283.5 | 251.7 | + | + |
| Retail investors (Non-IDB) | 9.7 | 10.2 | - | + |
1) Proportionate consolidation method for joint ventures
ABOUT COMPAGNIE FINANCIERE TRADITION SA
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 2,400 people globally and provides broking and data 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.
CONTACTS MEDIA
Patrick Combes, Chairman
Compagnie Financière Tradition SA
+41 (0)21 343 52 87
actionnaire@tradition.ch
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FAQ
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