Earnings Release • Jul 30, 2013
Earnings Release
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Press release
VIEL & Cie reported consolidated revenue from its operating subsidiaries for the first half of 2013 of €432.6m compared with €467.5m in the equivalent period in 2012, a decrease of 7.4% at current exchange rates. In constant currencies consolidated revenue declined 3.8%.
Consolidated revenue in the second quarter of 2013 was €217.9m, down 3.2% compared with last year. In constant currencies, quarterly revenue from operating subsidiaries grew 1.9%.
Quarterly consolidated revenue by business segment at current exchange rates was as follows:
| €m | 2013 | 2012 | ||||
|---|---|---|---|---|---|---|
| Q1 | Q2 | Total | Q1 | Q2 | Total | |
| Interdealer broking | 205.6 | 209.7 | 415.3 | 234.2 | 218.2 | 452.4 |
| Online trading | 9.1 | 8.2 | 17.3 | 8.2 | 6.9 | 15.1 |
| Consolidated revenue | 214.7 | 217.9 | 432.6 | 242.4 | 225.1 | 467.5 |
Revenue from online trading activities was up 14.4% compared with the equivalent period in 2012. Interdealer broking activities down 8.2% in current currencies (-4.4% at constant exchange rates).
The Group's financial situation has not changed significantly since the publication of its 2012 financial statements.
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, 30 July 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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