Revenue Q4 2024

Rhea-AI Summary

Compagnie Financière Tradition reported strong financial results for 2024, with consolidated revenue, including joint ventures, reaching CHF 1,132.8 million, marking an 11.0% increase at constant exchange rates from CHF 1,053.9 million in 2023. The fourth quarter showed consistent growth of 11.0% at constant rates, reaching CHF 283.5 million compared to CHF 260.4 million in 2023.

The company's performance was driven by a dynamic macroeconomic environment, characterized by central bank monetary policy adjustments and geopolitical uncertainties. These factors led to increased market volatility and higher trading volumes across all regions and asset classes. The Interdealer broking (IDB) business generated CHF 1,097.8 million (+10.7%), while the Retail investors segment (Non-IDB) contributed CHF 35.0 million (+22.6%) at constant exchange rates.

Positive

• Revenue growth of 11.0% at constant exchange rates in 2024
• Strong Q4 2024 performance with 11.0% revenue growth
• Retail investors segment showed significant growth of 22.6%
• Increased trading volumes across all regions and asset classes

Negative

• None.

Lausanne, Switzerland--(Newsfile Corp. - February 6, 2025) - Ad hoc announcement pursuant to Art. 53 LR

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Revenue¹⁾ of CHF 1,132.8m in 2024,
up 11.0% at constant exchange rates;
Growth of 11.0% in the 4^th quarter at constant exchange rates

In 2024, Compagnie Financière Tradition operated in a dynamic macroeconomic environment, marked by adjustments in the monetary policy of central banks in major global economies. These developments, along with persistent geopolitical uncertainties, contributed to volatility in financial markets, leading to an increase in trading volumes across all regions and asset classes, further driven by the Group’s organic growth.

As a result, Compagnie Financière Tradition continued its growth in 2024, reporting consolidated revenue, including its share of joint ventures, of CHF 1,132.8 million compared to CHF 1,053.9 million in 2023, reflecting an increase of 11.0% at constant exchange rates. In the fourth quarter, the Group recorded growth of 11.0% at constant exchange rates, reaching CHF 283.5 million, compared to CHF 260.4 million for the same period in 2023. The details are as follows:

Revenue for the financial year:

CHFm	2024	2023	Variation at current exchange rates	Variation at constant exchange rates
Reported revenue (IFRS)	1,051.6	982.4	+7.0%	+10.4%
Revenue including share of joint ventures1)	1,132.8	1,053.9	+7.5%	+11.0%
Interdealer broking business (IDB)	1,097.8	1,022.5	+7.4%	+10.7%
Retail investors (Non-IDB)	35.0	31.4	+11.5%	+22.6%

 

Revenue for the 4^th quarter:

CHFm	2024	2023	Variation at current exchange rates	Variation at constant exchange rates
Reported revenue (IFRS)	263.4	244.1	+7.9%	+10.0%
Revenue including share of joint ventures1)	283.5	260.4	+8.9%	+11.0%
Interdealer broking business (IDB)	275.2	253.8	+8.4%	+10.5%
Retail investors (Non-IDB)	8.3	6.6	+27.3%	+30.7%

 

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, 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/239880

FAQ

What was CFNCF's total revenue for 2024?

Compagnie Financière Tradition's consolidated revenue, including joint ventures, was CHF 1,132.8 million for 2024.

How much did CFNCF's revenue grow in Q4 2024?

CFNCF's revenue grew by 11.0% at constant exchange rates in Q4 2024, reaching CHF 283.5 million.

What was the performance of CFNCF's Retail investors segment in 2024?

The Retail investors (Non-IDB) segment grew by 22.6% at constant exchange rates, reaching CHF 35.0 million in 2024.

How did CFNCF's Interdealer broking business perform in 2024?

The Interdealer broking (IDB) business grew by 10.7% at constant exchange rates, reaching CHF 1,097.8 million in 2024.

What factors drove CFNCF's revenue growth in 2024?

Growth was driven by central bank monetary policy adjustments, geopolitical uncertainties leading to market volatility, and increased trading volumes across all regions and asset classes.