Compagnie Financière Tradition Reports Strong 2024 Results

Compagnie Financière Tradition SA has announced its 2024 financial results, reporting strong revenue growth and increased profitability amid dynamic market conditions.

Key Points:

• Strong Revenue Growth: Compagnie Financière Tradition SA reported an 11.0% increase in consolidated revenue at constant exchange rates, reaching CHF 1,132.8 million.
• Increased Profitability: Operating profit rose by 23.2% at constant exchange rates to CHF 152.4 million, with a higher operating margin of 13.4%.

Compagnie Financière Tradition Reports Strong 2024 Results

The Group operated in a volatile macroeconomic landscape in 2024, driven by significant shifts in global monetary policies and persistent geopolitical uncertainties. Furthermore, these factors fueled trading volumes across all regions and asset classes, contributing to the Group’s robust financial performance. The company’s strategic focus on organic growth further bolstered its activity.

Against this backdrop, Compagnie Financière Tradition’s consolidated revenue, including the share of joint ventures, rose by 11.0% at constant exchange rates to CHF 1,132.8 million, compared to CHF 1,053.9 million in 2023.

Business Segment Highlights

• Interdealer Broking (IDB): Revenue increased by 10.7% at constant exchange rates, reaching CHF 1,097.8 million.
• Online Forex Trading (Non-IDB): The retail forex trading business in Japan saw a significant revenue increase of 22.6% to CHF 35.0 million.

So, operating profit, including the share of joint ventures, rose by 23.2% at constant exchange rates to CHF 152.4 million, compared with CHF 127.7 million in 2023. Moreover, the operating margin improved to 13.4% from 12.1% in the previous year.

Financial Results

• Reported Consolidated Revenue: CHF 1,051.6 million, up 10.4% at constant exchange rates (7.0% at current exchange rates) from CHF 982.4 million in 2023.
• Reported Operating Profit: CHF 125.4 million, marking a 21.6% increase at constant exchange rates from CHF 105.5 million in 2023.
• Net Financial Income: CHF 2.7 million, a notable turnaround from a net financial expense of CHF 4.1 million in 2023, benefiting from higher interest income on cash investments.
• Consolidated Net Profit: CHF 123.3 million, up from CHF 101.1 million in 2023.
• Group Share of Net Profit: CHF 115.6 million, reflecting a 27.0% increase at constant exchange rates from CHF 94.4 million in 2023.
• Earnings Per Share: CHF 15.1, a 23.2% rise at constant exchange rates from CHF 12.7 in 2023.

Also, at the upcoming Annual General Meeting on May 22, 2025, the Board of Directors will propose a cash dividend of CHF 6.75 per share, rewarding shareholders for the Group’s strong financial performance.

Looking ahead, Compagnie Financière Tradition plans to sustain its growth momentum by investing in the digitalization of its hybrid brokerage activities and expanding its data and analytics businesses. The Group will continue to focus on balance sheet quality and strict cost management, ensuring long-term resilience and competitiveness in a rapidly evolving financial landscape.

The company’s performance since the beginning of 2025 has continued on an upward trajectory, maintaining the positive trends of previous years and reinforcing its position as a leading player in the interdealer brokerage industry.

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