Viel & Cie : Third-quarter 2022 consolidated revenue 539.91 KB
November 09, 2022 at 06:51 am EST
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PRESS RELEASE
Paris, 9 November 2022
Strong third quarter revenue growth, up 26.2% to €248.7 million
VIEL & Cie reported strong growth in the third quarter of 2022, with revenue of €248.7m, up 26.2% at current exchange rates. At constant exchange rates, third quarter revenue was up 18.2%.
In the first nine months of the year, consolidated revenue of VIEL & Cie's operating subsidiaries grew 16.9% at current exchange rates to €742.9m, compared with €635.6m in the same period in 2021. At constant exchange rates, revenue was up by 10.7%.
Consolidated revenue by business segment was as follows:
€m
2022
2021
IDB business
707,4
601,6
Online trading*
35,5
34,0
Consolidated revenue
742,9
635,6
*Bourse Direct publishes consolidated financial statements since 1 January 2022
The Group's financial situation has not changed significantly since the publication of its 2022 interim financial report.
The variations in income statement items at current exchange rates are calculated on the basis of the average rates for the period compared with average rates for the previous period when translating the currencies of the Group's consolidated subsidiaries. The variations in income statement items at constant exchange rates are calculated using the average conversion rates of period N-1 over the two comparison periods.
VIEL & Cie comprises three core businesses in the financial sector: Compagnie Financière Tradition, with a presence in over 30 countries, ranked third top global player in the IDB sector with over 2,400 employees worldwide, Bourse Direct, leader in the online trading sector in France, and a 40% equity accounted stake in SwissLife Banque, operating in the private banking sector in France.
VIEL & Cie shares (codes: FR0000050049, VIL) are listed in Compartment B of Euronext Paris. For more information on our Group, please visit our website at www.viel.com.
Contacts:
VIEL & Cie
Image 7
Virginie de Vichet
Claire Doligez
Director of Communications
T: + 331 53 70 74 48
T: + 331 56 43 70 20
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Viel & Compagnie SA published this content on 09 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2022 11:50:08 UTC.
Viel & Cie is an investment company specializing in acquiring long-term shares in companies operating in the finance sector. Net sales break down by sector of activity as follows:
- professional intermediation (95.2%; Compagnie Financière Tradition): intermediation in interest and exchange products (monetary products, interest and exchange rate derivatives, credit derivatives, exchange options), in securities and security derivatives (stocks, stock and index derivatives, bonds, etc.), and in the raw material and energy markets (precious metals, coal, oil, electricity, natural gas, paper pulp);
- online brokerage (4.8%; Bourse Direct).
The group also holds a 40% share in SwissLife Banque Privée.
Net sales are distributed geographically as follows: Europe/Middle East/Africa (46.2%), Americas (29.8%) and Asia/Pacific (24%).
VIEL & CIE 
