Compagnie Financière Tradition SA, one of the world’s largest interdealer brokers in over-the-counter financial and commodity related products, today posted its financial results for 2024.
In 2024, the dynamic macroeconomic environment in which the Group operated was marked by the pivotal shift in monetary policy of central banks in the world’s largest economies. These changes, along with ongoing geopolitical uncertainty, drove volatility in financial markets and helped boost trading volumes across all regions and asset classes.
Furthermore, the Group’s activity continued to be stimulated by its organic growth policy.
Against this backdrop, the Group’s consolidated revenue, including the share of joint ventures, rose by 11.0% at constant exchange rates to CHF 1,132.8m compared with CHF 1,053.9m in 2023.
Revenue from interdealer broking business (IDB) increased 10.7% at constant exchange rates to CHF 1,097.8m, while revenue from the online Forex trading business for retail investors in Japan (Non-IDB), was ahead 22.6% to CHF 35.0m.
Operating profit, including the share of joint ventures, was CHF 152.4m against CHF 127.7 in 2023, up 23.2% at constant exchange rates, with an operating margin of 13.4% and 12.1% respectively.
Reported revenue and operating profit Business activity grew during the year, with reported consolidated revenue of CHF 1,051.6m compared with CHF 982.4m in 2023, an increase of 10.4% at constant exchange rates, or 7.0% at current exchange rates.
Reported operating profit for the year was CHF 125.4m against CHF 105.5m in 2023, an increase of 21.6% at constant exchange rates with an operating margin of 11.9% compared with 10.7% in 2023.
In 2024, the Group recognised net financial income of CHF 2.7m, against net financial expense of CHF 4.1m in 2023. The interest rate environment positively impacted interest income from cash investments.
Income generated, net of interest expense on bank borrowings and bonds, was up CHF 2.0 m on the year to CHF 5.0m, against CHF 3.0m in 2023.
Net foreign exchange results due to currency fluctuations represented a loss of CHF 0.5m for the year against CHF 5.1m in 2023.
Consolidated net profit was CHF 123.3m compared with CHF 101.1m in 2023 with a Group share of CHF 115.6m against CHF 94.4m in 2023, an increase of 27.0% at constant exchange rates.
Basic earnings per share rose by 23.2% at constant exchange rates to CHF 15.1m against CHF 12.7m in 2032.
At the Annual General Meeting to be held on 22 May 2025, the Board will be seeking shareholders’ approval to pay a cash dividend of CHF 6.75 per share.
The activity of Compagnie Financière Tradition has grown since the beginning of the year compared to the same period last year, at constant exchange rates, continuing the trend of previous years.
The Group plans to maintain targeted investments in the digitalization of its hybrid brokerage activities as well as in its data and analytics businesses, supported by its expertise in data science. Additionally, the continuous improvement of balance sheet quality and strict cost management will remain key strategic pillars, ensuring the Group’s long-term resilience and competitiveness.
