Compagnie Financière Tradition SA_Annual Result 2024
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 ha riportato risultati finanziari solidi per il 2024, con un aumento del fatturato consolidato dell'11,0% a valute costanti, raggiungendo CHF 1.132,8 milioni. L'utile operativo dell'azienda è aumentato del 23,2% a CHF 152,4 milioni, con un margine migliorato del 13,4%.
Tra i punti salienti si segnalano:
- EBITDA aumentato del 19,7% a CHF 176,5 milioni con un margine del 15,6%
- Utile netto di pertinenza del gruppo aumentato del 27,0% a CHF 115,6 milioni
- Utile per azione base aumentato del 23,2% a CHF 15,09
- Dividendo in contante aumentato del 12,5% a CHF 6,75 per azione
Le solide performance dell'azienda sono state sostenute dai mercati finanziari volatili e dai cambiamenti nella politica monetaria delle banche centrali. I ricavi del business di intermediazione tra operatori sono aumentati del 10,7%, mentre il segmento di trading forex online in Giappone è aumentato del 22,6%. L'azienda ha mantenuto un bilancio solido con un cash netto di CHF 305,0 milioni e un patrimonio consolidato di CHF 505,9 milioni.
Compagnie Financière Tradition reportó resultados financieros sólidos para 2024, con un crecimiento del ingreso consolidado del 11,0% a monedas constantes, alcanzando CHF 1.132,8 millones. El beneficio operativo de la empresa aumentó un 23,2% a CHF 152,4 millones, con un margen mejorado del 13,4%.
Los puntos destacados incluyen:
- EBITDA aumentó un 19,7% a CHF 176,5 millones con un margen del 15,6%
- El beneficio neto atribuible al grupo aumentó un 27,0% a CHF 115,6 millones
- Las ganancias básicas por acción subieron un 23,2% a CHF 15,09
- El dividendo en efectivo aumentó un 12,5% a CHF 6,75 por acción
El sólido desempeño de la empresa se debió a los mercados financieros volátiles y a los cambios en la política monetaria de los bancos centrales. Los ingresos del negocio de corretaje entre operadores crecieron un 10,7%, mientras que el segmento de trading de divisas en línea en Japón se disparó un 22,6%. La empresa mantuvo un balance sólido con un efectivo neto de CHF 305,0 millones y un patrimonio consolidado de CHF 505,9 millones.
Compagnie Financière Tradition는 2024년 강력한 재무 실적을 보고했으며, 고정 환율 기준으로 매출이 11.0% 증가하여 CHF 1,132.8백만에 도달했습니다. 회사의 운영 이익은 23.2% 증가하여 CHF 152.4백만에 이르렀고, 마진은 13.4%로 개선되었습니다.
주요 하이라이트는 다음과 같습니다:
- EBITDA는 19.7% 증가하여 CHF 176.5백만, 마진은 15.6%
- 그룹 지분 순이익은 27.0% 증가하여 CHF 115.6백만
- 기본 주당 순이익은 23.2% 증가하여 CHF 15.09
- 현금 배당금은 12.5% 증가하여 주당 CHF 6.75
회사의 강력한 실적은 변동성이 큰 금융 시장과 중앙은행의 통화 정책 변화에 의해 주도되었습니다. 중개업체 수익은 10.7% 증가했으며, 일본의 온라인 외환 거래 부문은 22.6% 급증했습니다. 회사는 CHF 305.0백만의 순 현금과 CHF 505.9백만의 총 자본을 보유하며 강력한 재무 상태를 유지했습니다.
Compagnie Financière Tradition a annoncé de solides résultats financiers pour 2024, avec un chiffre d'affaires consolidé en hausse de 11,0 % à devises constantes, atteignant CHF 1.132,8 millions. Le bénéfice d'exploitation de l'entreprise a augmenté de 23,2 % pour atteindre CHF 152,4 millions, avec une marge améliorée de 13,4 %.
Les points forts incluent :
- EBITDA en hausse de 19,7 % à CHF 176,5 millions avec une marge de 15,6 %
- Bénéfice net part du groupe en hausse de 27,0 % à CHF 115,6 millions
- Bénéfice de base par action en hausse de 23,2 % à CHF 15,09
- Dividende en espèces augmenté de 12,5 % à CHF 6,75 par action
La forte performance de l'entreprise a été soutenue par des marchés financiers volatils et des changements dans la politique monétaire des banques centrales. Les revenus du secteur de l'intermédiation entre opérateurs ont augmenté de 10,7 %, tandis que le segment de trading de devises en ligne au Japon a bondi de 22,6 %. L'entreprise a maintenu un bilan solide avec une trésorerie nette de CHF 305,0 millions et des capitaux propres consolidés de CHF 505,9 millions.
Compagnie Financière Tradition hat für 2024 starke Finanzergebnisse gemeldet, mit einem konsolidierten Umsatz, der um 11,0% bei konstanten Währungen auf CHF 1.132,8 Millionen gewachsen ist. Der operative Gewinn des Unternehmens stieg um 23,2% auf CHF 152,4 Millionen, mit einer verbesserten Marge von 13,4%.
Wichtige Höhepunkte sind:
- EBITDA stieg um 19,7% auf CHF 176,5 Millionen mit einer Marge von 15,6%
- Der Nettogewinn der Gruppe erhöhte sich um 27,0% auf CHF 115,6 Millionen
- Der Basisgewinn je Aktie stieg um 23,2% auf CHF 15,09
- Die Bardividende wurde um 12,5% auf CHF 6,75 pro Aktie erhöht
Die starke Leistung des Unternehmens wurde durch volatile Finanzmärkte und Veränderungen der Geldpolitik der Zentralbanken vorangetrieben. Der Umsatz im Interdealer-Brokerage-Geschäft wuchs um 10,7%, während das Online-Devisenhandelssegment in Japan um 22,6% anstieg. Das Unternehmen hielt eine starke Bilanz mit einem Netto-Cash von CHF 305,0 Millionen und einem konsolidierten Eigenkapital von CHF 505,9 Millionen.
- Revenue growth of 11.0% to CHF 1,132.8m
- Operating profit increase of 23.2% to CHF 152.4m
- Net profit Group share up 27.0% to CHF 115.6m
- Dividend increase of 12.5% to CHF 6.75 per share
- Strong balance sheet with CHF 305.0m net cash position
- Improved operating margin from 12.1% to 13.4%
- Reduced effective tax rate from 26% to 24%
- Slight decline in share of results from associates and joint ventures in absolute terms (CHF 25.4m vs CHF 25.8m)
Ad hoc announcement pursuant to Art. 53 LR
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Dublin, Ireland--(Newsfile Corp. - March 21, 2025) - Ad hoc announcement pursuant to Article 53 of the Six Exchange Regulation Listing Rules
Growth in revenue1) to CHF 1,132.8m, up
Operating profit before depreciation and amortization (EBITDA)1) increase of
Operating profit1) increase of
Net profit Group share of CHF 115.6m, up
Basic earnings per share up
Cash dividend up
* Variation in constant currencies
| In CHF m (except basic earnings per share) | 2024 | 2023 | Variation in current currencies | Variation in constant currencies |
| Reported results (IFRS) | ||||
| Revenue | 1,051.6 | 982.4 | + | + |
| Operating profit | 125.4 | 105.5 | + | + |
| Operating margin | | | ||
| Profit before tax | 153.5 | 127.2 | + | + |
| Net profit Group share | 115.6 | 94.4 | + | + |
| Basic earnings per share | 15.09 | 12.71 | + | + |
| Results including share of joint ventures1) | ||||
| Revenue | 1,132.8 | 1,053.9 | + | + |
| Operating profit before depreciation and amortization (EBITDA) | 176.5 | 151.9 | + | + |
| Operating margin before depreciation and amortization | 15.6 % | 14.4 % | ||
| Operating profit | 152.4 | 127.7 | + | + |
| Operating margin | | |
- with proportionate consolidation method for joint ventures
Overview
In 2024, the dynamic macroeconomic environment in which the Group operated was marked by the pivotal shift in monetary policy of central banks in the world’s largest economies. These changes, along with ongoing geographical uncertainty, drove volatility in financial markets and helped boost trading volumes across all regions and asset classes. Furthermore, the Group’s activity continued to be stimulated by its organic growth policy.
Against this backdrop, the Group’s consolidated revenue, including the share of joint ventures, was up
Operating profit, including the share of joint ventures, was CHF 152.4m against CHF 127.7 in 2023, up
Reported revenue and operating profit
Business activity grew during the year, with reported consolidated revenue of CHF 1,051.6m compared with CHF 982.4m in 2023, an increase of
Reported operating profit for the year was CHF 125.4m against CHF 105.5m in 2023, an increase of
Net profit
In 2024, the Group recognised net financial income of CHF 2.7m, against net financial expense of CHF 4.1m in 2023. The interest rate environment positively impacted interest income from cash investments. Income generated, net of interest expense on bank borrowings and bonds, was up CHF 2.0 m on the year to CHF 5.0m, against CHF 3.0m in 2023. Net foreign exchange results due to currency fluctuations represented a loss of CHF 0.5m for the year against CHF 5.1m in 2023.
The share in the results of associates and joint ventures was CHF 25.4m against CHF 25.8m in 2023, an increase of
The Group’s tax expense amounted to CHF 30.2m against CHF 26.1m in 2023, with an effective tax rate of
Consolidated net profit was CHF 123.3m compared with CHF 101.1m in 2023 with a Group share of CHF 115.6m against CHF 94.4m in 2023, an increase of
Balance sheet
The Group maintained its sound balance sheet with a strong capital position, while keeping a low level of intangible assets and a strong net cash position. Consolidated equity, before deduction of treasury shares in the amount of CHF 49.4m, was CHF 555.4m, with net cash, including the Group’s share in the net cash position of joint ventures, of CHF 305.0m and gross cash of CHF 611.7m.
Consolidated equity stood at CHF 505.9m at 31 December 2024, (2023: CHF 426.0m) of which CHF 483.0m was attributable to shareholders of the parent (2023: CHF 405.1m). Total adjusted cash, including financial assets at fair value, net of financial debts, was CHF 219.2m at 31 December 2024 against CHF 173.2m at 31 December 2023.
Dividend
At the Annual General Meeting to be held on 22 May 2025, the Board will be seeking shareholders’ approval to pay a cash dividend of CHF 6.75 per share (yield of
Outlook
The activity of Compagnie Financière Tradition has grown since the beginning of the year compared to the same period last year, at constant exchange rates, continuing the trend of previous years. Compagnie Financière Tradition aims to leverage its strategic positioning and expertise to support its clients in an increasingly complex market environment. The priority remains a focus on organic growth, particularly through targeted recruitment to expand its product portfolio across the different geographic regions. At the same time, the Group plans to maintain targeted investments in the digitalization of its hybrid brokerage activities as well as in its data and analytics businesses, supported by its expertise in data science. Additionally, the continuous improvement of balance sheet quality and strict cost management will remain key strategic pillars, ensuring the Group's long-term resilience and competitiveness.
Annual report
The 2024 annual report of Compagnie Financière Tradition SA will be available on 25 March 2025 (after market close) on the Company’s website at http://tradition.com/financials/reports.aspx.
1) Indicative value based on 20 March 2025 closing share price of CHF 197.50 per share
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, Président
Compagnie Financière Tradition SA
+41 (0)21 343 52 87
actionnaire@tradition.ch
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245533
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