Compagnie Financière Tradition reported revenues rising by 6.2% to CHF 214.2 million in the final quarter of 2014. The full year result of the company for the year 2014, totals CHF 837.5 million, compared with CHF 874.4 million in 2013, which marks a decline of 4.2% at current exchange rates and 3.5% in constant currencies terms.
Throughout 2014, the company’s consolidated adjusted revenue (with proportionate consolidation method for joint ventures in line with the Group management reports) was CHF 894.5million compared with CHF 934.1 million in 2013, which is lower by 3.4% at constant exchange rates.
Changing the Face of AML with Self Service AnalyticsGo to article >>
While in the first half of the year the company’s forex business in Japan (Gaitame.com) was lower by 37%, the final results for 2014 show a 16% decline. The adjusted revenue from inter-dealer broking business was down 3.1% in constant currencies.
The second half of the year proved to be more active for the firm, as volatility across a broad spectrum of financial markets has increased substantially. For the second six months of 2014, Compagnie Financière Tradition reported adjusted revenues tick up by 2.7% in constant currencies.
For the fourth quarter alone, the company’s consolidated adjusted revenue was CHF 229.8million, up 7.8% at constant exchange rates. The inter-dealer broking business ticked higher by 7.0%, while the Japanese retail forex unit shot up 41.3%.
The company expects its net results for 2014 to be significantly higher than a year ago. The firm is set to report its 2014 full year results on March 15th, 2015.