Earnings Release • Feb 10, 2011
Earnings Release
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Press release
VIEL & Cie reported consolidated turnover from its operating subsidiaries of €902.2 million in 2010 (2009: €922.6 million), down 2.2% at current exchange rates. At constant exchange rates, this represents a year-on-year decline of 7.4%.
Consolidated turnover of the Group's subsidiaries in the fourth quarter was €213.6 million, against €208.5 million in the same period last year, up 2.5% at current exchange rates.
Consolidated turnover by business segment was as follows:
| €m | 2010 | 2009 |
|---|---|---|
| Interdealer broking | 875.6 | 895.9 |
| Online trading | 26.6 | 26.7 |
| Consolidated turnover | 902.2 | 922.6 |
Quarterly consolidated turnover in 2010 was as follows:
2
| €m | 2010 | 2009 | |
|---|---|---|---|
| st quarter 1 |
225.0 | 259.1 | |
| nd quarter 2 |
245.9 | 247.6 | |
| rd quarter 3 |
217.7 | 207.4 | |
| th quarter 4 |
213.6 | 208.5 | |
| 902.2 | 922.6 |
VIEL & Cie comprises three core businesses in the financial sector: Compagnie Financière Tradition, an interdealer broker with a presence in 27 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, and are included in the SBF 250. For more information about our Group, visit our site at www.viel.com.
Paris, 10 February 2011
Contacts
VIEL & Cie Virginie de Vichet Director of Communications Tel: 01 56 43 70 20
Image 7 Priscille Reneaume Tel: 01 53 70 74 95
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