AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Viel & Cie

Earnings Release Nov 12, 2009

1750_iss_2009-11-12_e70dd5b4-e8f3-43ce-8e6b-fd29352743c5.pdf

Earnings Release

Open in Viewer

Opens in native device viewer

Press release

Consolidated turnover for the nine months ended 30 September 2009: €714.1 million

VIEL & Cie reported consolidated turnover from its operating subsidiaries of €714.1 million for the first nine months of 2009, down 4.7% compared with the same period last year. At constant exchange rates, consolidated turnover was down 6.7%.

In the continuing difficult environment, third-quarter consolidated turnover from operating subsidiaries was €207.4 million, compared with €242.6 million in Q3 2008.

Consolidated turnover by business segment was as follows:

€m 2009 2008
Interdealer broking 694.5 725.5
Online trading 19.6 23.7
Consolidated turnover 714.1 749.2

In terms of geographic spread, the United Kingdom and North and South America are still the Group's major revenue generators, accounting for 35.2% and 29.3% of turnover respectively, against 32.5% and 31.4% in the same period last year. Asia accounted for 22.3% of the Group's consolidated turnover and continental Europe 13.2%, compared with 23.2% and 12.9% respectively in the first three quarters of 2008.

The Group's financial situation has not changed significantly since the publication of its interim financial statements for the first six months of 2009.

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, 12 November 2009

Contacts:

VIEL & Cie Virginie de Vichet Director of Communications T : + 331 56 43 70 20

Image 7 Estelle Guillot-Tantay T : + 331 53 70 74 93

Talk to a Data Expert

Have a question? We'll get back to you promptly.