Consolidated turnover in the first nine months of the year rose 7.0% to CHF 638.4 million at current exchange rates, against CHF 596.8 million a year ago. In constant terms, this represents a rise of 7.8%, to CHF 643.4 million.
Compared with Q3 2003, third-quarter consolidated turnover declined 4.6%, to CHF 199.5 million in constant terms, or 6.2% to CHF 196.1 million at current exchange rates.
The increase in turnover in the first nine months reflects the Group's balanced growth in terms of both products and geographic spread, with the UK accounting for 31.5% of turnover, the US for 31.3%, continental Europe for 18.8% and Asia for 18.4%.
With a presence in 16 countries, Compagnie Financière Tradition is one of the world's top three brokers in financial (money markets, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures) and non-financial products (precious metals, energy products, and pulp and paper). The Company is listed on the Swiss Exchange.
For more information on our Group, visit our site at www.traditiongroup.com.
Lausanne, 3 November 2004
