H1 2018 : Consolidated revenue of €410.8 million -
a rise of 9.9% in constant currencies *
VIEL & Cie reported first-half consolidated revenue from its operating subsidiaries of €410.8 million, compared with €399.6 million in 2017, a rise of 2.8% on the year in current currencies. At constant exchange rates, consolidated revenue of €439.1 million up 9.9%.
In the second-quarter 2018, consolidated revenue from the Group's subsidiaries was €204.4 million compared with €190.9 million in 2017, up 7.0% in current currencies (+12.4% at constant exchange rates).
Consolidated revenue by business segment was as follows (current exchange rates):
€m | H12018 | H12017 |
IDB business | 393.1 | 382.1 |
Online trading | 17.7 | 17.5 |
Consolidated revenue | 410.8 | 399.6 |
There has been no significant change in the Group's financial situation since the publication of its 2017 financial statements.
* The variations of profit and loss accounts with variable exchange rates are calculated on the basis of the average exchange rates of the year compared with the average exchange rates of the previous year for the currency conversion of Group subsidiaries The variations of the various profit and loss accounts with constant exchange rates are calculated by with the average constant exchange rates of the year N-1 over two years of comparison.
VIEL & Cie comprises three core businesses in the financial sector: Compagnie Financière Tradition, an interdealer broker with a presence in 28 countries, Bourse Direct, leader 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 Euronext. For more information on our Group, please visit our website at www.viel.com.
Paris, 1 august 2018
Contacts:
VIEL & Cie Virginie de Vichet Director of Communications Tel. + 331 56 43 70 20 | Image 7 Priscille Reneaume Tel. + 331 53 70 74 61 |