Earnings Release • Nov 7, 2013
Earnings Release
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PARIS, 7 NOVEMBER 2013
VIEL & Cie reported consolidated revenue from its operating subsidiaries of €616.5m in the first nine months of the year compared with €678.8m in the same period in 2012, a decline of 9.2 % at current exchange rates. In constant currencies, consolidated revenue was down 4.2 %.
Third quarter consolidated revenue was €183.9m, down 13 % from the third quarter of 2012. In constant currencies, quarterly revenue declined 5.1%.
Consolidated revenue by business segment was as follows:
| €m | 2013 | 2012 |
|---|---|---|
| Interdealer broking | 591.1 | 656.4 |
| Online trading | 25.4 | 22.4 |
| Consolidated revenue | 616.5 | 678.8 |
Revenue from its online trading business was up 13.3 % on the equivalent period in 2012. Interdealer broking activity fell 9.9 % in current currencies (-6.1 % at constant exchange rates).
The Group's financial situation has not changed significantly since the publication of its 2013 interim financial report.
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, 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.
Paris, 7 november 2013
Contacts:
VIEL & Cie Virginie de Vichet Director of Communications T : + 331 56 43 70 20
Image 7 Priscille Reneaume T : + 331 53 70 74 61
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