Following on from 2022, Viel & Cie reports growth in sales for the first quarter of 2023, up 14.6% (+14.4% at constant exchange rates) to 290.3 million euros.
The financial group points out that this growth was driven by both its professional intermediation subsidiary Compagnie Financière Tradition and its online brokerage subsidiary Bourse Direct, both growing at broadly similar rates.
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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%).