Diese Webseite verwendet Cookies

Diese Seite verwendet Cookies, um Ihnen dieses Angebot leicht zugänglich zu machen, Inhalte zu personalisieren, Ihre Zugriffe auf die Webseite zu analysieren und Ihnen ggf. personalisierte Angebote unterbreiten zu können. Hierzu kann es notwendig sein, dass die Informationen über Ihre Verwendung der Webseite an Partner weitergegeben werden. Diese führen die gesammelten Informationen möglicherweise mit weiteren Daten zusammen, die Sie an anderer Stelle bereitgestellt haben. Eine Weitergabe erfolgt dabei aber nur mit Ihrer Einwilligung und unter Beachtung der datenschutzrechtlichen Vorgaben. Weiterführende Informationen über die hier verwendeten Cookies erfahren Sie in den folgenden Erklärungen zu den jeweiligen Cookies.

Notwendige Cookies helfen dabei, Ihnen die Funktionen der Webseite zugängig zu machen, indem sie Grundfunktionen die zuletzt angesehen Wertpapiere und Ihre Entscheidung für oder gegen die Nutzung der jeweiligen Cookies speichert. Die Webseite wird ohne diese Cookies nicht so funktionieren, wie es geplant ist.

Name Anbieter Zweck Ablauf Typ Verantwortlicher
CookieConsent133 Moneyspecial Um diese Cookiebar auszublenden. 1 Jahr http Infront Financial Technology GmbH
Die Cookie-Erklärung wurde das letzte Mal am 26.06.2020 von Infront Financial Technology GmbH aktualisiert.
Drucken

23.10.2020 - 08:50

GlobeNewswire: Compagnie Financière Tradition: Growth in activity for the first nine months of 2020 in constant currencies despite a decrease in the third quarter

Compagnie Financière Tradition: Growth in activity for the first nine months
of 2020 in constant currencies despite a decrease in the third quarter PRESS
RELEASE Lausanne,  23 October 2020

Growth in activity for the first nine months of 2020 in constant currencies
despite a decrease in the third quarter

After a first half-year showing strong growth in a context of the COVID-19
pandemic which generated increased volatility in the financial markets,
Compagnie Financière Tradition's activity decreased in the third quarter of
2020. This recent development must nevertheless be put into perspective of a
particularly sustained level of activity recorded during the third quarter of
last year. It should also be noted that the strengthening of the Swiss franc
during this period of uncertainty had a negative impact on revenue at current
exchange rates.

Thus, over the first nine months of the year, reported consolidated revenue of
Compagnie Financière Tradition increased by 4.2% at constant exchange rates. At
current exchange rates, consolidated revenue was CHF 698.5m compared with CHF
705.1m in the same period in 2019, representing a slight decrease of 0.9%. The
Group's consolidated adjusted 1) revenue was CHF 760.4m against
CHF 774.4m in 2019, however up 3.2% at constant exchange rates which is the
result of an increase of 3.5% in interdealer broking business (IDB) and a
decrease of 2.8% in the forex trading business for retail investors in Japan
(Non-IDB).

In the third quarter of 2020, Compagnie Financière Tradition's activity
decreased with reported consolidated revenue of CHF 185.7m compared with CHF
230.8m in 2019, representing a decrease of 14.4% at constant exchange rates.
For the same period, the Group's consolidated adjusted revenue was CHF 202.4m,
compared with CHF 253.9m in 2019, down 15.2% at constant exchange rates with
IDB down 15.0% and Non-IDB down 20.5% respectively.

After reaching its second highest level of activity ever at constant exchange
rates in March, a slowdown in activity volumes on the OTC markets was observed
during the summer, especially in August.

Against this backdrop, Compagnie Financière Tradition has further increased
its focus on cost management, notably by initiating a specific cost-cutting
plan in line with recent business trends while at the same time pursuing its
strategy of targeted growth adapted to its business environment.

1)       Proportionate consolidation method for joint ventures ("Adjusted")



Compagnie Financière Tradition SA is one of the world's largest interdealer
brokers in over-the-counter financial and commodity related products.
Represented in 29 countries, Compagnie Financière Tradition SA employs more
than 2,300 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



Patrick Combes, President Rohan Sant Compagnie Financière Tradition SA Voxia
communication +41 (0)21 343 52 87 +41 (0)22 591 22 63 actionnaire@tradition.ch
rohan.sant@voxia.ch









Anhang CFT - Communiqué du chiffre d'affaires Q3 2020 - EN_VF

Mehr Marktdaten und Kurse finden Sie auf www.finanztreff.de

Angebote der
Nutzungshinweise | Datenschutz | Impressum | Datenquellen: boerse-stuttgart.de,