Compagnie Financière Tradition today published revenue data for the second quarter and first half of 2024.

Tradition posted revenue (IFRS) of CHF 271.5 million for the second quarter of 2024, up 14.4% in constant currency terms and up 12.3% at current exchange rates.

Interdealer broking business (IDB) registered revenue of CHF 283.5 million for the second quarter of 2024, up 14.7% in constant currency terms.

Retail investor (Non-IDB) revenue was CHF 9.7 million, up 7% at constant exchange rates.

Compagnie Financière Tradition continued to grow since the beginning of the year, along the lines of last year. At constant exchange rates, consolidated revenue, including share of joint ventures, increased by 9.2% in the first semester of the year. The level of activity over the period was up in all regions and the majority of asset classes, driven notably by the Group’s organic growth policy.

Consolidated revenue continued to be impacted by a currency effect compared to the first semester of 2023 due to the strengthening of the Swiss franc, notably against the Japanese yen.