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Compagnie Financière Tradition (VTX:CFT) Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------
Compagnie Financière Tradition reported strong growth in business activities in the first nine months of 2008, with consolidated turnover up 10.0% at current exchange rates, to CHF 1,166.4 million, against CHF 1,060.8 million a year ago. This represents a rise of 24.0% at constant exchange rates.
Third-quarter consolidated turnover eased 1.6% to CHF 378.1 million compared with Q3 2007, when the Group's activities reached a record level. At constant exchange rates, quarterly turnover was up by 10.6%.
In terms of geographic spread, the United Kingdom and the American continent are still the Group's major revenue generators, contributing 34.9% and 34.5% of turnover respectively in the nine months to 30 September 2008, against 35.1% and 32.5% in 2007. Asia accounted for 21.2% and continental Europe 9.4% of Group revenues, against 20.9% and 11.5% respectively a year ago.
With a presence in 26 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, 6 November 2008
Press contacts:
Compagnie Financière Tradition Patrick Combes, President Tel. +41 21 343 52 66
