===
Ad hoc announcement
pursuant
to Article
53 of the
Six Exchange
Regulation
Listing Rules
Lausanne,
1 february
2024
===
Adjusted(1) revenue of CHF 1,053.9m in 2023,
up 9.5% at constant exchange rates;
Growth of 11.5% in the 4(th) quarter at constant exchange rates
Compagnie Financière Tradition recorded a growth in its reported revenue (IFRS) for the full 2023 financial year and in particular in the 4(th) quarter with an increase of 10.6% and 13.4% respectively at constant exchange rates.
Indeed, the normalization of the monetary policy of central banks with the increase in interest rates during the year followed by an observation period in the search of the balance point that combine the control of inflation and a soft landing of the economy, all in an already complex geopolitical environment, were supportive to the Group's interdealer broking business activities. Tradition also benefited from favorable market conditions in the energy and commodity businesses as well as the development of its activity dedicated to market data commercialization (TraditionData). Furthermore, the Group's activity continues to be stimulated by its organic growth policy.
Revenue for the financial year:
===
Variation Variation
at current at constant
exchange exchange
CHFm 2023 2022 rates rates
--------------------------------- ------- ------- ----------- ------------
Reported revenue (IFRS) 982.4 947.4 +3.7% +10.6%
--------------------------------- ------- ------- ----------- ------------
Adjusted revenue including share
of joint ventures(1) 1,053.9 1,028.6 +2.5% +9.5%
--------------------------------- ------- ------- ----------- ------------
Interdealer broking business
(IDB) 1,022.5 994.7 +2.8% +9.6%
--------------------------------- ------- ------- ----------- ------------
Retail investors (Non-IDB) 31.4 33.9 -7.3% +5.5%
--------------------------------- ------- ------- ----------- ------------
===
Revenue for the 4(th) quarter:
===
Variation Variation
at current at constant
exchange exchange
CHFm 2023 2022 rates rates
--------------------------------- ----- ----- ----------- ------------
Reported revenue (IFRS) 244.1 231.1 +5.6% +13.4%
--------------------------------- ----- ----- ----------- ------------
Adjusted revenue including share
of joint ventures(1) 260.4 250.9 +3.8% +11.5%
--------------------------------- ----- ----- ----------- ------------
Interdealer broking business
(IDB) 253.8 242.7 +4.6% +12.3%
--------------------------------- ----- ----- ----------- ------------
Retail investors (Non-IDB) 6.6 8.2 -20.3% -8.2%
--------------------------------- ----- ----- ----------- ------------
===
1) Proportionate consolidation method for joint ventures
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 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 https://www.globenewswire.com/Tracker?data=maYIqARn-Bl2ZxfFjmOGP27dB-mgglGKb8JFbNJvIVSM7gPL9W_IhZgc9YkoiTm3kw5WYQsSSCBYcBbcJPJZDdIsEHczMx9jv2QVu8vcSwE= www.tradition.com.
===
Patrick Combes, President Germain Rousseau
Compagnie Financière Tradition
SA Voxia communication
+41 (0)21 343 52 87 +41 (0)22 591 22 61
mailto:actionnaire@tradition.ch germain.rousseau@voxia.ch
actionnaire@tradition.ch
===
Anhang
===
-- CFT - Ad hoc announcement pursuant to Art. 53 LR - CP CA Q4 - EN_VF
https://ml-eu.globenewswire.com/Resource/Download/b53a980f-0774-421e-9941-d75146cae3ab
===
(END) Dow Jones Newswires
February 01, 2024 01:00 ET (06:00 GMT)