Compagnie Financière Tradition posted a first quarter consolidated turnover of CHF 225.9 million, against CHF 192.9 million in the same period last year, representing an increase of 17.1% in constant terms or at current exchange rates. This result was impacted by the opposed variation in exchange parity between the Swiss franc and dollar and sterling positions.
This strong growth mirrors the Group's diversification, both in terms of products and in geographical presence. During the 1st quarter of 2004, the turnover was geographically spread as follows: UK 32.3%, USA 30.0%, Continental Europe 20.6%, and Asia 17.1%.
With a presence in 16 countries, Compagnie Financière Tradition is one of the world's top three brokers in financial (money markets, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures) and non-financial products (precious metals, energy products, and pulp and paper). The Company is listed on the Swiss Exchange. For more information on our Group, visit our site at www.traditiongroup.com.
Lausanne, 5th May 2004
