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Compagnie Financière Tradition’s profits jump 40% in 2022

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Compagnie Financière Tradition’s profits jump 40% in 2022



The Group’s activity grew during the year, with reported consolidated revenue of CHF 947.4 million compared with CHF 873.6 million in 2021, an increase of 10.5% at constant exchange rates or 8.4% at current exchange rates. Operating profit for the year was reported at CHF 94.2million, which is 29.1% higher than CHF 73.2million in 2021.

At constant exchange rates, adjusted consolidated revenue rose 10.6% to CHF 1,028.6 millions, compared to CHF 958.8 million in 2021. The adjusted operating profit before extraordinary items increased to CHF 130.3 million, compared to CHF 99.9 millions in 2021. This is a 34.0% increase at constant exchange rates.

The Group reported a net loss of CHF 3.75 million in 2022, against CHF 10.8 millions in the previous year.

The Board proposed that the Annual General Meeting be held on 25 Mai 2023. It would distribute a dividend of CHF 5.55 per share with a yield rate of 5%.

The group spoke out about its 2023 outlook:

The level of activity in 2023 was the same as last year. It grew more than 10% between January and date, based on constant exchange rates. This is due to central banks monetary tightening policy to fight stubborn inflation .



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