VIEL & Cie : Consolidated revenue at 30 September 2016: €585.8 million
Consolidated revenue at 30 September 2016: €585.8 million
VIEL & Cie reported consolidated revenue from its operating subsidiaries of €585.8m in the first nine months of the year compared with €615.7m in the same period in 2015, a decline of 2.2% at constant exchange rates, or 4.9% at current rates.
Third quarter consolidated revenue was €180.2m, down 2.8% in constant currencies compared with the third quarter of 2015. This represents a decline of 6.4% at current exchange rates.
Consolidated revenue by business segment was as follows:
| €m | 2016 | 2015 |
| IDB business | 560.2 | 587.4 |
| Online trading | 25.6 | 28.3 |
| Consolidated revenue | 585.8 | 615.7 |
Revenue from the online trading business was down 9.4% compared with the equivalent period in 2015.
Interdealer broking activity fell 1.9% in constant currencies or 4.6% at current exchange rates.
The Group's financial situation has not changed significantly since the publication of its 2016 interim financial report.
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, 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, 3 November 2016
Contacts:
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VIEL & Cie
Virginie de Vichet Director of Communications Tel. + 331 56 43 70 20 |
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Priscille Reneaume Tel. + 331 53 70 74 61 |
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: VIEL ET COMPAGNIE via GlobeNewswire
