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:
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
VIEL & Cie
Virginie de Vichet
Director of Communications
Tel. + 331 56 43 70 20
Tel. + 331 53 70 74 61