2007: Turnover up 23.8% / Profit before tax up by 38.8% to CHF 166.4
million / Group share of net profit ahead by 37.1% to CHF 84.6
million / Dividend raised to CHF 8.0
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CHF m (in IFRS) 2007 2006* Change
Consolidated turnover 1 417.1 1 144.4 23.8%
Operating profit 150.1 109.0 37.6%
Operating margin 10.6% 9.5%
Profit before tax 166.4 119.9 38.8%
Net profit for the year from continuing
operations 93.7 70.1 33.6%
Profit after tax from discontinued operations 12.3 9.4 31.8%
Net profit for the year 106.0 79.5 33.4%
Net profit - Group share 84.6 61.7 37.1%
Net earnings per share 15.35 11.36 35.1%
*Data has been reclassified to take account of the treatment of the
disposal of discontinued activities.
Compagnie Financière Tradition reported consolidated turnover of
CHF 1,417.1 million in 2007, a rise of 23.8% at current exchange
rates, compared with CHF 1,144.4 million in the previous year. At
current exchange rates and on a constant consolidation basis,
turnover rose by 24.4%.
Consolidated operating profit increased to CHF 150.1 million (2006:
CHF 109.0 million), a rise of 37.6% on the year. The consolidated
operating margin improved to 10.6% of consolidated turnover, compared
with 9.5% in the previous year.
The contribution of net profit from associates was CHF 12.9 million,
up from
CHF 0.1 million in 2006.
Profit before tax was CHF 166.4 million in 2007 (2006: CHF 119.9
million) for a year on year rise of 38.8%.
Net profit for the year rose 33.4% to CHF 106.0 million from CHF 79.5
million in 2006. Minority interests stood at CHF 21.4 million (2006:
CHF 17.7 million).
Group share of net profit was CHF 84.6, up from CHF 61.7 million in
2006, bringing Compagnie Financière Tradition's consolidated
shareholders' equity to
CHF 327.8 million at 31 December 2007, CHF 291.8 million of which was
the Group share.
At the Annual General Meeting to be held on 15 May 2008, the Board
will be seeking shareholder approval to pay a dividend of CHF 8.0 per
share (CHF 7.0 paid in 2007).
With a presence in 26 countries, Compagnie Financière Tradition is a
leading interdealer broker (IDB) on the international markets. The
Group provides broking services for a complete range of financial
products (money market products, bonds, interest rate, currency and
credit derivatives, equities, equity derivatives, interest rate
futures and index futures) and non-financial products (precious
metals, and energy and environmental products).
Compagnie Financière Tradition is listed on the SWX Swiss Exchange
(CFT). Find out more about our Group at www.traditiongroup.com
Lausanne, 13 March 2008
Contacts:
Compagnie Financière
Tradition
Patrick Combes,
President
Tel: +41 21 343 52
66
Rochat & Partners
Violaine Dällenbach
Tel.: +41 22 718 37 42
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Compagnie Financière Tradition
Langallerie 11 Lausanne
Switzerland
WKN: 870121; ISIN: CH0014345117; Index: SPI, SSCI, SPIEX;
Listed:
Main Market in SWX Swiss Exchange;
