Viel & Cie reports consolidated sales of operating subsidiaries of €553.7 million for the first six months of 2023, up 12.1% at current exchange rates and 13.4% at constant exchange rates.
Trends by business division show an 11.1% increase in the Compagnie Financière Tradition financial intermediation division (+12.5% at constant exchange rates) and a 30.1% rise in the Bourse Direct online brokerage division.
In the second quarter of 2023 alone, the financial group (which also holds a 40% equity interest in SwissLife Banque Privée) reported growth of 9.3% to 263.4 million (+12.4% at constant exchange 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%).
VIEL & CIE 
