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Against a backdrop of difficult market conditions, Compagnie
Financière Tradition reported first-half consolidated turnover of CHF
743.6 million, down 5.7% at current exchange rates from CHF 788.3
million a year ago. At constant exchange rates, consolidated turnover
was down slightly by 1.7%.
In the second quarter, consolidated turnover was CHF 364.7 million,
down 6.8% from the same quarter last year or 3.4% at constant
exchange rates.
The United Kingdom, and North and South America are still the Group's
major revenue generators, contributing 35.0% and 30.7% of turnover
respectively, against 34.3% and 35.0% in 2008. Asia accounted for
22.8% of turnover during the period (H1 2008: 21.0%), and continental
Europe for 11.5% (H1 2008: 9.7%).
With a presence in 27 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 (CFT) is listed on the SIX Swiss
Exchange. You can find out more about our Group on our website at
www.traditiongroup.com.
Lausanne, 30 July 2009
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Press contacts:
Compagnie Financière Tradition SA
Patrick Combes, President
Tel.: +41 21 343 52 66
Rochat & Partners
Maryline Basset
Tel.: +41 22 718 37 42
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Compagnie Financière Tradition
Langallerie 11 Lausanne
Switzerland
WKN: 870121; ISIN: CH0014345117; Index: SPI, SSCI, SPIEX;
Listed:
Main Market in SIX Swiss Exchange;