VIEL & Cie reported consolidated revenue from its operating subsidiaries for the first half of 2012 of €467.5m compared with €456.9m in the equivalent period in 2011, a rise of 2.3% at current exchange rates. In constant currencies consolidated revenue declined 3.8%.
Consolidated revenue in the second quarter of 2012 was €225.1m, up 5.5% compared with last year. In constant currencies, quarterly revenue from operating subsidiaries was down 3.8%.
Quarterly consolidated revenue by business segment at current exchange rates was as follows:
| €m | 2012 | 2011 | ||||
| Q1 | Q2 | Total | Q1 | Q2 | Total | |
| Interdealer broking | 234.2 | 218.2 | 452.4 | 235.1 | 205.4 | 440.5 |
| Online trading | 8.2 | 6.9 | 15.1 | 8.4 | 8.0 | 16.4 |
| Consolidated revenue | 242.4 | 225.1 | 467.5 | 243.5 | 213.4 | 456.9 |
Revenue from online trading activities was down 7.9% compared with the equivalent period in 2011.
Interdealer broking activities grew 2.7% in current currencies (-3.7% at constant exchange rates).
The Group's financial situation has not changed significantly since the publication of its 2011 financial statements.
VIEL & Cie comprises three core businesses in the financial sector: Compagnie Financière Tradition, an interdealer broker with a presence in 27 countries, Bourse Direct, a major player 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 NYSE Euronext Paris. For more information on our Group, please visit our website at www.viel.com.
Paris, 31 July 2012
