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Reported revenue in Q1 2014 :
CHF 221.6m, down 2.8% in constant currencies
Compagnie Financière Tradition reported first-quarter consolidated revenue of CHF 221.6m, compared with CHF 235.3m in same period in 2013, a decline of 5.8% at current exchange rates or 2.8% in constant currencies.
For the same period, the Group's consolidated adjusted1) revenue was CHF 236.4m, compared with CHF 252.6m in 2013, a decline of 3.3% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was down 2.7% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was down 24.9%.
1) with proportionate consolidation method for joint ventures in line with the Group management reports ("Adjusted")
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Compagnie Financière Tradition SA is one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. Represented in 28 countries, Compagnie Financière Tradition SA employs 2,250 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
| MEDIA CONTACTS | |
| Patrick Combes, President Compagnie Financière Tradition SA +41 (0)21 343 52 22 actionnaire@tradition.ch | Jérémy Nieckowski Voxia communication +41 (0)22 591 22 65 jeremy.nieckowski@voxia.ch |