The consolidated turnover of Compagnie Financière Tradition for the whole of the first half of 2004 amounted to CHF 442.4 million compared with CHF 387.7 million in the first half of 2003. At current exchange rates, the consolidated turnover was thus notably up by 14.1%. At constant exchange rates it rose by 13.7%.
The consolidated turnover of Compagnie Financière Tradition for the second quarter of 2004 reached CHF 216.5 million and was 10.6% up at current exchange rates on the second quarter of 2003. This growth rate is 10.3% at constant exchange rates.
This strong increase reflects the Group's balanced growth, in terms of both products and geographic presence. In the first half of 2004 the United Kingdom accounted for 31.7% of turnover, the United States for 30.6%, Continental Europe for 19.6% and Asia for 18.1%.
With a presence in 16 countries, Compagnie Financière Tradition is one of the world's three "Top Three" in the brokerage of financial products (money markets, bond markets, interest rate, currency and credit derivatives, equities, equity derivatives, interest-rate and index forward markets) and non-financial products (precious metals, energy, paper). The Compagnie Financière Tradition share is listed on the Swiss stock exchange.
Fore more information on our Group, visit our website at www.traditiongroup.com.
Lausanne, 4th August 2004
