Finanzbericht

The beginning of 2009 was particularly complex, with global stock markets continuing to slide and widespread uncertainty over the future of the financial sector. The year was also marked by the massive intervention of central banks and governments in the economy. Although the markets recovered strongly towards the end of the year, the global economic landscape remains uncertain, in an environment featuring high national debt and world growth driven by emerging markets. Against this backdrop, Compagnie Financière Tradition reported turnover of CHF 1.35 billion, down 8.0% from the previous year at constant exchange rates.

Profit before tax on continuing operations was CHF 124.2 million, giving a pre-tax return of 9.2%, net profit was CHF 78.8 million. Net profit attributable to shareholders of the Company was CHF 65.0 million. Consolidated shareholders’ equity stood at CHF 405.6 million at 31 December 2009, of which CHF 345.1 million was attributable to shareholders of the parent.