The Group reported consolidated IFRS revenue of CHF 679.5m for the first nine months of the year compared with CHF 744.5m in same period in 2012, a decrease of 8.7% at current exchange rates or 6.1% in constant currencies.
For the same period, the Group's consolidated Non-IFRS revenue was CHF 727.9m, compared with CHF 790.6m in 2012, a decrease of 4.8% at constant exchange rates. The Non-IFRS revenue from interdealer broking business (IDB) was down 5.5% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was up 25.4%.
The geographic breakdown of consolidated IFRS and Non-IFRS revenue is as follows:
IFRS | Non-IFRS | |||
CHFm | YTD Q3 2013 | YTD Q3 2012 | YTD Q3 2013 | YTD Q3 2012 |
United Kingdom | 241.6 | 263.7 | 257.8 | 277.5 |
Continental Europe | 59.3 | 76.4 | 60.8 | 78.0 |
Europe, Middle East and Africa | 300.9 | 340.1 | 318.6 | 355.5 |
Americas | 205.0 | 218.0 | 210.9 | 224.5 |
Asia-Pacific | 173.6 | 186.4 | 179.4 | 192.1 |
IDB business | 679.5 | 744.5 | 708.9 | 772.1 |
Non-IDB business | - | - | 19.0 | 18.5 |
Total | 679.5 | 744.5 | 727.9 | 790.6 |
In the third quarter, consolidated Non-IFRS revenue was CHF 217.0m, down 5.7 % in constant currencies from the equivalent quarter last year.
* with proportionate consolidation method for joint ventures in line with the Group management reports ("Non-IFRS")
With a presence in 28 countries, Compagnie Financière Tradition SA is one of the world's leading interdealer brokers (IDB). 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 (energy and environmental products, and precious metals).
Compagnie Financière Tradition (CFT) is listed on the SIX Swiss Exchange. To find out more about our
Group please visit our website at www.tradition.com.
Lausanne, 24 October 2013
Press contacts: Compagnie Financière Tradition SA Voxia Communication SA
Patrick Combes, President Jérémy Nieckowski
Tel.: +41 21 343 52 87 Tel.: +41 22 591 22 65
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