COMPAGNIE FINANCIERE TRADITION posted a consolidated revenue of CHF 645 million in 2000 compared with CHF 496 million in 1999, a year-on-year rise of 30%.
Consolidated revenue in the fourth quarter reached CHF 170 million, an increase of
35% over the same period last year.
This strong growth in revenue derived mainly from activities in the three principal financial markets - London, New York and Tokyo - but also reflected a very positive performance in the Paris-based business. These results underline the excellent orientation of the Group's activities.
Compagnie Financière Tradition is one of the world's top five brokers in over-the-counter (OTC) financial and non-financial products, and No. 1 in continental Europe. With a presence in 14 countries, CFT offers a broad portfolio of both financial (money markets, currencies, interest rate derivatives, credit derivatives, stocks and bonds) and non-financial products (precious metals, energy, paper, etc.). CFT is working with more than 7,000 clients around the world, - principally banks and financials institutions - and realised a consolidated revenue of CHF 496.6 million in 1999, with a net profit of CHF 23.3 million (CHF 16.7 million Group share).