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Solid growth in 2008 - Consolidated turnover of CHF 1,556.1 million -
+22.3% at constant exchange rates (+9.8% at current exchange rates) |
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Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this
announcement.
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Compagnie Financière Tradition reported strong growth in business
activities in 2008. Consolidated turnover was CHF 1,556.1 million
(2007: CHF 1,417.1 million), up 9.8% at current exchange rates. This
represents a year-on-year rise of 22.3% at constant exchange rates.
Consolidated turnover in the fourth quarter was CHF 389.7 million, up
9.4% from the same quarter last year. This represents a rise of 17.5%
at constant exchange rates.
In terms of geographic spread, the UK and the American continent were
still the Group's major revenue generators, generating 34.6% and
34.2% of turnover respectively, against 34.6% and 32.9% in 2007. Asia
accounted for 21.6% of Group revenues, compared with 20.8% in 2007,
while continental Europe accounted for 9.6% against 11.7% last year.
With a presence in 27 countries, Compagnie Financière Tradition is a
leading interdealer broker (IDB) in the international market. The
Group 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 (precious
metals, and energy and environmental products).
Compagnie Financière Tradition is listed on the SWX Swiss Exchange
(CFT). Find out more about our Group at www.traditiongroup.com.
Lausanne, 29 January 2009
Press contacts:
Compagnie Financière
Tradition
Patrick Combes,
President
Tel.: +41 21 343 52 66
Rochat & Partners
Olivia Maillot
Tel.: +41 22 718 37 53
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Compagnie Financière Tradition
Langallerie 11 Lausanne
Switzerland
WKN: 870121; ISIN: CH0014345117; Index: SPI, SSCI, SPIEX;
Listed:
Main Market in SIX Swiss Exchange; Copyright © Hugin AS 2009. All rights reserved.
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