Viel & Cie reports consolidated sales growth of 3% (+5.2% at constant exchange rates) to 299 million euros for the first quarter of 2024, compared with the same period last year.
The financial group, which also owns 40% of SwissLife Banque Privée, claims growth of 2.1% for its professional intermediation subsidiary Compagnie Financière Tradition and 15% for its online brokerage subsidiary Bourse Direct.
In April 2024, Compagnie Financière Tradition recorded strong growth at constant exchange rates compared with April 2023", adds Viel, who thus "continues to grow in 2024 in line with business in 2023".
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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 
