Compagnie Financière Tradition marks 9.5% year-on-year rise in revenues in 2018

Maria Nikolova

Consolidated revenue amounted to CHF 884.7m in 2018, up from CHF 802.5m in 2017.

Compagnie Financière Tradition, an interdealer broker in over-the-counter financial and commodity related products, has earlier today posted some key financial metrics for 2018.

The Group saw activity grew in the year, as it reported consolidated revenue of CHF 884.7 million in 2018 compared with CHF 802.5 million in 2017, up 9.5% in constant currencies. At current exchange rates, consolidated revenue marked an increase of 10.2%.

For the whole year, the Group’s consolidated adjusted revenue was CHF 971.7 million, compared with CHF 873.5 million in 2017, staging an increase of 10.4% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was up 9.7% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) presented an increase of 31.9%.

In the fourth quarter of 2018, consolidated revenue amounted to CHF 220.7 million compared with CHF 201.7 million in the fourth quarter 2017, representing an increase of 10.9% in constant currencies. The Group’s consolidated adjusted revenue was CHF 241.9 million against CHF 219.8 million in 2017, up 11.4% in constant currencies with IDB up 10.9% and Non-IDB up 27.8%.

The robust results for the whole of 2018 are barely surprising given that the Group registered growth in activity for the first nine months of 2018 too, as adjusted revenue was up 10.1% to CHF 729.8 million. In the first nine months of the year with reported consolidated revenue amounted to CHF 664 million compared with CHF 600.8 million in same period in 2017. This represented an increase of 9% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 10.5%.

For the same period, the Group’s consolidated adjusted revenue was CHF 729.8m, compared with CHF 653.7m in 2017, an increase of 10.1% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was up 9.4% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) presented an increase of 33.3%.

In the third quarter, consolidated revenue was CHF 204.2 million compared with CHF 189.4 million in the third quarter 2017, representing an increase of 6.3% in constant currencies. The Group’s consolidated adjusted revenue was CHF 227.1 million against CHF 208 million in 2017, up 7.6% in constant currencies with IDB up 6.0% and Non-IDB up 58%.

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