Tradition SA revenues drop 1.4% in 2016 to CHF 803.4 million

Compagnie Financière Tradition (SWX:CFT)

Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has released improved activity level in Q4.

Activity level in the fourth quarter 2016 was stronger with reported consolidated revenue of CHF 190.7 million, an increase of 4.8% in constant currencies from the equivalent quarter last year.

The Group’s consolidated adjusted revenue was CHF 207.6 million, an increase of 6% at constant exchange rates with IDB and Non-IDB up respectively 5.7% and 16.9%.

For the year 2016, consolidated revenue was CHF 803.4 million compared with CHF 814.5m in 2015, a decrease of 1.4% at current exchange rates. In constants currencies, the consolidated revenue was down 0.4%.

For the whole year, the Group’s consolidated adjusted revenue was CHF 870.1 million compared with CHF 873.8m in 2015, an increase of 0.2% at constant exchange rates.

The adjusted revenue from interdealer broking business (IDB) was down 0.7% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was up 27.2%.

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