Compagnie Financière Tradition (CFT): press release results Q3 2016

Freitag, 21.10.2016 06:29 von GlobeNewswire

Compagnie Financière Tradition / Compagnie Financière Tradition (CFT): press release results Q3 2016 . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Press Release
Lausanne, 21 October 2016
Reported revenue at 30 September 2016 of CHF 612.7m, down 1.9% in constant currencies
For the first nine months of the year, the Group reported consolidated revenue of CHF 612.7m, compared with CHF 623.8m in the same period in 2015, a decrease of 1.8% at current exchange rates or 1.9% in constant currencies. For the same period, the Group's consolidated adjusted¹⁾ revenue was CHF 662.5m compared with CHF 669.3m in 2015, representing a decrease of 1.0% at current exchange rates. In constant currencies, the adjusted revenue decreased by 1.6%. The adjusted revenue from interdealer broking business (IDB) was down 2.5% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was up 30.7%. In the third quarter, consolidated revenue was CHF 187.5m compared with CHF 197.2m in the third quarter 2015, representing a decrease of 2.4% in constant currencies. The Group's consolidated adjusted¹⁾ revenue was CHF 202.5m against CHF 212.2m in 2015, down 2.4% in constant currencies with IDB down 2.7% and Non-IDB up 7.5%. ¹⁾ with proportionate consolidation method for joint ventures ("Adjusted")
About TRADITION
Compagnie Financière Tradition SA is one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. Represented in 28 countries, Compagnie Financière Tradition SA employs 2,175 people globally and provides broking 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.
MEDIA CONTACTS
Patrick Combes, President Compagnie Financière Tradition SA +41 (0)21 343 52 22 actionnaire@tradition.ch	Rohan Sant Voxia communication +41 (0)22 591 22 63 rohan.sant@voxia.ch

CFT: press release results Q3 2016

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Source: Compagnie Financière Tradition via Globenewswire

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Compagnie Financière Tradition

Langallerie 11 Lausanne Switzerland

WKN: 870121;ISIN: CH0014345117;

Listed: Freiverkehr in Börse Stuttgart,

Freiverkehr in Börse Berlin,

Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;