Earnings Release • Feb 6, 2014
Earnings Release
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VIEL & Cie reported consolidated revenue from its operating subsidiaries of €793.2m in 2013 (2012: €874.1), down 9.3% in current currencies. In constant currencies, this represents a year-on-year decrease of 4.0%.
Consolidated revenue of the Group's subsidiaries in the fourth quarter was €176.7m, against €195.3m in the same period last year, down 9.5% in current currencies.
Consolidated revenue by business segment was as follows:
| €m | 2013 | 2012 |
|---|---|---|
| Interdealer broking | 758,9 | 844,2 |
| Online trading | 34,3 | 29,9 |
| Consolidated revenue | 793,2 | 874,1 |
Revenue from its online trading business was up 14.8 % on the equivalent period in 2013. Interdealer broking activity fell 10.1 % in current currencies (-4.7 % at constant exchange rates).
In terms of geographic spread, the United Kingdom and the Americas remain the Group's principal revenue generators, contributing 34.0% and 28.2% of consolidated revenue respectively against 34.2% and 27.6% in 2012. Asia accounted for 25.4% of consolidated revenue and continental Europe 12.4%, compared with 25.6% and 12.6% in 2012.
2013 annual results will be published on 20 March 2014.
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 B of NYSE 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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