Compagnie Financière Tradition reported the best quarterly performance in its history, with first quarter consolidated turnover climbing 12.3%, to CHF 332.1 million at current exchange rates, against CHF 295.9 million a year ago.
At constant exchange rates, consolidated turnover rose 13.0% compared with the same period last year.
At current exchange rates and with a constant scope of consolidation, this represents an increase of 15.9%, or 16.6% at constant exchange rates and with a constant scope of consolidation.
In terms of geographic spread, the U.K. and the Americas are still the Group's major revenue generators, contributing 36.3% and 33.1% of turnover respectively (2006: 36.3% and 30.8%). Asia accounted for 19.5% of Group revenues, compared with 20.7% in 2006, while continental Europe accounted for 11.1% against 12.2% last year.
With a presence in 22 countries, Compagnie Financière Tradition is the world's third largest interdealer broker (IDB). The Group provides broking services for a broad spectrum 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, environmental products and precious metals).
Compagnie Financière Tradition is listed on the SWX Swiss Exchange (CFT). For more information on our Group, visit our site at www.traditiongroup.com.
Press contacts:
Compagnie Financière Tradition
Patrick Combes, President
Tel.: +41 21 343 52 66
Rochat & Partners
Violaine Dällenbach
Tel.: +41 22 718 37 42
