Compagnie Financière Tradition registers 19% Y/Y rise in revenues in Q3 2022
Compagnie Financière Tradition today posted its financial results for the third quarter of 2022.
As activity grew strongly during the third quarter 2022, reported consolidated revenue for the period amounted to CHF 232.4 million compared with CHF 202.6 million in the equivalent quarter in 2021, representing an increase of 19.2% at constant exchange rates (an increase of 14.7% at current exchange rates).
For the three months to end-September 2022, the Group’s consolidated adjusted revenue was CHF 252.6 million compared with CHF 220.5m in the year-ago quarter, up 19.4% at constant exchange rates.
Adjusted revenue from interdealer broking business (IDB) rose 19.4% and the Forex trading business for retail investors in Japan (Non-IDB) was up 19.2%. At current exchange rates, consolidated adjusted revenue would increase by 14.5%, with IDB up 15.1% and Non-IDB down 0.3% due to the weakening of the Japanese currency.
Over the first nine months of the year, reported consolidated revenue was CHF 716.3 million compared with CHF 654.6 million in the same period in 2021, up 11.1% at constant exchange rates (an increase of 9.4% at current exchange rates).
The Group’s consolidated adjusted revenue was CHF 777.7 million against CHF 711.5 million in 2021, up 11.3% at constant exchange rates with IDB up 11.0% and Non-IDB up 18.0%. At current exchange rates, consolidated adjusted revenue would increase by 9.3%, with IDB up 9.5% and Non-IDB up 4.7% respectively.