Viel & Cie posted consolidated sales of its operating subsidiaries of €804.9 million for the first nine months of the year, up 8.3% on a reported basis and 11.2% at constant exchange rates.
In the third quarter alone, the finance group posted sales growth of 1% to €251.2 million. At constant exchange rates, quarterly sales rose by 6.6%.
As a reminder, Viel & Cie owns Compagnie Financière Tradition, a division specializing in professional intermediation, as well as Bourse Direct, a player in the French online stock market, and a 40% equity-accounted stake in SwissLife Banque Privée.
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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%).
VIEL & CIE 
