Revenue Q3 2024
Rhea-AI Summary
Compagnie Financière Tradition reported strong growth in Q3 2024, with consolidated revenue including joint ventures reaching CHF 272.3m, up 16.2% at constant exchange rates compared to CHF 241.1m in 2023. For the first nine months of 2024, revenue grew to CHF 849.3m, representing an 11.3% increase at constant exchange rates from CHF 793.5m in 2023. The Interdealer broking business (IDB) showed a 15% increase in Q3, while the Retail investors segment (Non-IDB) demonstrated remarkable growth of 59.3% at constant exchange rates.
AI-generated analysis. Not financial advice.
Positive
- Q3 2024 revenue grew 16.2% at constant exchange rates to CHF 272.3m
- Nine-month revenue increased 11.3% at constant exchange rates to CHF 849.3m
- Retail investors segment showed strong growth of 59.3% in Q3 2024
- Interdealer broking business grew 15% in Q3 2024
Negative
- None.
News Market Reaction – CFNCF
On the day this news was published, CFNCF gained 150.55%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Lausanne, Switzerland--(Newsfile Corp. - November 7, 2024) - Ad hoc announcement pursuant to Art. 53 LR
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10404/229156_figure1.jpg
Ad hoc announcement pursuant to Article 53 of the Six Exchange Regulation Listing Rules
Growth in revenue1) of
Growth in activity for the first nine months of 2024 with revenue1) of CHF 849.3m, up
Compagnie Financière Tradition activity continued to grow strongly during the third quarter 2024 with consolidated revenue, including share of joint ventures, up
Revenue for the 3rd quarter:
| CHFm | 2024 | 2023 | Variation at current exchange rates | Variation at constant exchange rates |
| Reported revenue (IFRS) | 251.1 | 225.0 | + | + |
| Revenue including share of joint ventures1) | 272.3 | 241.1 | + | + |
| Interdealer broking business (IDB) | 262.4 | 234.8 | + | + |
| Retail investors (Non-IDB) | 9.9 | 6.3 | + | + |
Revenue for the period:
| CHFm | 2024 | 2023 | Variation at current exchange rates | Variation at constant exchange rates |
| Reported revenue (IFRS) | 788.2 | 738.3 | + | + |
| Revenue including share of joint ventures1) | 849.3 | 793.5 | + | + |
| Interdealer broking business (IDB) | 822.7 | 768.7 | + | + |
| Retail investors (Non-IDB) | 26.6 | 24.8 | + | + |
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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229156