Earnings Release • Nov 8, 2012
Earnings Release
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Press release
VIEL & Cie reported €678.8m of consolidated revenue from its operating subsidiaries for the first nine months of 2012, a slight decline of 1.7% at current exchange rates. In constant currencies consolidated revenue was down 8.6% from €690.5m at 30 September 2011.
Third-quarter consolidated revenue from operating subsidiaries was €211.3m compared with €233.6m in the same period last year. This represents a decline of 9.5% at current exchange rates or 17.9% in constant currencies.
Consolidated revenue by business segment was as follows:
| €m | 2012 | 2011 |
|---|---|---|
| Interdealer broking | 656.4 | 664.6 |
| Online trading | 22.4 | 25.9 |
| Consolidated revenue | 678.8 | 690.5 |
In terms of geographic spread, the United Kingdom and North and South America are still the Group's major areas of activity, contributing 33.9% and 27.5% of consolidated revenue respectively, against 35.1% and 27.2% in 2011. Asia accounted for 25.8% of combined consolidated revenue, compared with 24.3% at 30 September 2011, while Continental Europe accounted for 12.8% against 13.4% in 2011.
The Group's financial situation has not changed significantly since the publication of its 2012 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, 8 November 2012
Contacts:
VIEL & Cie Virginie de Vichet Director of Communications T : + 331 56 43 70 20
Image 7 Priscille Reneaume T: + 331 53 70 74 93
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