Earnings Release • Nov 10, 2010
Earnings Release
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VIEL & Cie reported consolidated revenue from its operating subsidiaries of €688.6m for the first nine months of 2010, down 3.6% at current exchange rates (7.9% at constant rates) from €714.1m a year ago.
Third-quarter consolidated revenue from operating subsidiaries was €217.7m compared with €207.4m in the same period last year. This represents a rise of 5% at current exchange rates, and a decline of 4.5% at constant rates.
Consolidated revenue by business segment was as follows:
| €m | 2010 | 2009 |
|---|---|---|
| Interdealer broking | 668.7 | 694.5 |
| Online trading | 19.9 | 19.6 |
| Consolidated revenue | 688.6 | 714.1 |
In terms of geographic spread, the United Kingdom and the American continent remain the Group's principal revenue generators, contributing 35.0% and 28.9% of consolidated revenue respectively against 35.2% and 29.3% in 2009. Asia accounted for 24.2% of consolidated revenue and continental Europe 11.9%, compared with 22.3% and 13.2% in the period to 30 September 2009.
The Group's financial situation has not changed significantly since the publication of its interim financial statements for the first six months of 2010.
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, 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 November 2010
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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