Compagnie Financière Tradition SA reports on interdealer broking and data services for over-the-counter financial and commodity-related products. The company’s news centers on revenue, operating profit, EBITDA and net profit trends across its interdealer broking business, with activity tied to money market products, bonds, interest rate, currency and credit derivatives, equities, futures, energy, environmental products and precious metals.
Recurring updates also cover revenue including the Group’s share of joint ventures, constant-currency performance, Swiss franc effects, and the Non-IDB retail investor business in Japan through Gaitame.com. Company announcements include annual report publication, shareholder voting matters, governance items and capital-structure disclosures under SIX Swiss Exchange ad hoc reporting rules.
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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