Compagnie Financière Tradition Bottom Line up 82%, Dividend Adjusted

Friday, 13/03/2015 | 06:31 GMT by Victor Golovtchenko
  • One off costs and cost cutting efforts at Compagnie Financière Tradition have led to better margins for the Swiss company focused on its electronic trading platforms, Trad-X and ParFX, making the firm increase dividends.
Compagnie Financière Tradition Bottom Line up 82%, Dividend Adjusted
Tradition_logo

The consolidated adjusted revenue of Compagnie Financière Tradition decreased 3.4% to CHF 894.5 million from CHF 934.1 million in 2013. Adjusted revenue from IDB activity declined 3.1% in constant currencies with all asset classes decreasing except foreign Exchange and emerging markets.

The adjusted underlying operating profit (excluding exceptional costs) totaled CHF 67.9 million, which is higher by 15% when compared to 2013, while the adjusted underlying operating margin improved to 7.6% of consolidated revenue against 6.4% in 2013.

Consolidated net profit totaled CHF 32.0 million compared to CHF 21.7 million for 2013, while the share of the Group totaled CHF 27.7 million which is higher by 82% when compared to CHF 15.5 million in 2013 at constant exchange rates.

The operations of the company in Japan positively impacted the equity attributable to shareholders of the parent by CHF 33.6 million. Thus, consolidated equity totaled CHF 354.1 million as of December 31st of 2014, of which CHF 341.7m was attributable to shareholders of the parent ( December 31, 2013: CHF 282.0m), comparing to a stock market capitalization of CHF 300 million.

Cash Position & Dividends Increase

Total adjusted cash holdings net of financial debt, including financial assets at fair value at Compagnie Financière Tradition increased CHF 43.8 million to CHF 118.7 million as of December 31st of 2014. The firm explained in its earnings report that it benefited from an improvement in net adjusted cash flows from operating activities.

The board of directors of Compagnie Financière Tradition will vote on an approval of a dividend rate increase in May, looking for the approval of shareholders to disburse CHF 3.00 per share which marks the yield close to 6.5%. Shareholders will have a choice on whether to receive their payment in cash or shares.

Outlook for 2015

According to the company’s earnings report, Compagnie Financière Tradition’s consolidated adjusted revenue is up by more than 3% since the beginning of the year at constant exchange rates, when compared to the same period of 2014.

The company states that it will continue focusing its efforts on cost optimization to maintain the flexibility of its operations. As increased market Volatility drives trading volumes, Compagnie Financière Tradition remains committed to further maintain its investments in technologies.

Tradition_logo

The consolidated adjusted revenue of Compagnie Financière Tradition decreased 3.4% to CHF 894.5 million from CHF 934.1 million in 2013. Adjusted revenue from IDB activity declined 3.1% in constant currencies with all asset classes decreasing except foreign Exchange and emerging markets.

The adjusted underlying operating profit (excluding exceptional costs) totaled CHF 67.9 million, which is higher by 15% when compared to 2013, while the adjusted underlying operating margin improved to 7.6% of consolidated revenue against 6.4% in 2013.

Consolidated net profit totaled CHF 32.0 million compared to CHF 21.7 million for 2013, while the share of the Group totaled CHF 27.7 million which is higher by 82% when compared to CHF 15.5 million in 2013 at constant exchange rates.

The operations of the company in Japan positively impacted the equity attributable to shareholders of the parent by CHF 33.6 million. Thus, consolidated equity totaled CHF 354.1 million as of December 31st of 2014, of which CHF 341.7m was attributable to shareholders of the parent ( December 31, 2013: CHF 282.0m), comparing to a stock market capitalization of CHF 300 million.

Cash Position & Dividends Increase

Total adjusted cash holdings net of financial debt, including financial assets at fair value at Compagnie Financière Tradition increased CHF 43.8 million to CHF 118.7 million as of December 31st of 2014. The firm explained in its earnings report that it benefited from an improvement in net adjusted cash flows from operating activities.

The board of directors of Compagnie Financière Tradition will vote on an approval of a dividend rate increase in May, looking for the approval of shareholders to disburse CHF 3.00 per share which marks the yield close to 6.5%. Shareholders will have a choice on whether to receive their payment in cash or shares.

Outlook for 2015

According to the company’s earnings report, Compagnie Financière Tradition’s consolidated adjusted revenue is up by more than 3% since the beginning of the year at constant exchange rates, when compared to the same period of 2014.

The company states that it will continue focusing its efforts on cost optimization to maintain the flexibility of its operations. As increased market Volatility drives trading volumes, Compagnie Financière Tradition remains committed to further maintain its investments in technologies.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
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About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 22 Followers

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