Earnings Release • Feb 5, 2015
Earnings Release
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VIEL & Cie reported consolidated revenue from its operating subsidiaries of €727.0m in 2014 (2013: €744.7), down 2.4% in current currencies. In constant currencies, this represents a year-onyear decrease of 2.8%.
Consolidated revenue of the Group's subsidiaries in the fourth quarter was €186.8m up 6.4% in current currencies compared to 2013 (up 5.9% in constant currencies).
Consolidated revenue by business segment was as follows:
| €m | 2014 | 2013 |
|---|---|---|
| Interdealer broking | 689.5 | 710.4 |
| Online trading | 37.5 | 34.3 |
| Consolidated revenue | 727.0 | 744.7 |
Interdealer broking activity fell 2.9 % in current currencies (-3.4 % at constant exchange rates). Revenue from its online trading business was up 9.2% on the equivalent period in 2013.
In terms of geographic spread, the United Kingdom and the Americas remain the Group's principal revenue generators, contributing 35.3% and 29.1% of consolidated revenue respectively against 34.0% and 29.2% in 2013. Asia accounted for 22.2% of consolidated revenue and continental Europe 13.4%, compared with 23.7% and 13.1% in 2013.
2014 annual results will be published on 19 March 2015.
VIEL & Cie comprises three core businesses in the financial sector: Compagnie Financière Tradition, an interdealer broker with a presence in 28 countries, Bourse Direct, a major player in the online trading sector in France, and a 40% equity accounted stake in SwissLife Banque Privée, present in the private banking sector in France.
VIEL & Cie shares (codes: FR0000050049, VIL) are listed in Compartment C of Euronext Paris. For more information on our Group, please visit our website at www.viel.com.
Contacts:
VIEL & Cie Virginie de Vichet Head of communication T : + 331 56 43 70 20
Image 7 Priscille Reneaume T : + 331 53 70 74 61
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