Viel & Cie: quarterly sales hit by FX factors
(CercleFinance.com) - Viel & Cie has posted Q1 2018 consolidated sales of its operating subsidiaries of 206.
4 million euros, down 1.1% year-on-year.
The financial services group explained that it was hit by currency changes against the euro: at constant exchange rates, consolidated revenues increased 7.5% to 224.3 million euros.
The its professional fund intermediation subsidiary Compagnie Financière Tradition posted revenues of 197.1 million euros and its online brokerage division, Bourse Direct, posted 9.3 million euros. Viel & Cie also has an equity-accounted 40% interest in SwissLife Banque Privée.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4 million euros, down 1.1% year-on-year.
The financial services group explained that it was hit by currency changes against the euro: at constant exchange rates, consolidated revenues increased 7.5% to 224.3 million euros.
The its professional fund intermediation subsidiary Compagnie Financière Tradition posted revenues of 197.1 million euros and its online brokerage division, Bourse Direct, posted 9.3 million euros. Viel & Cie also has an equity-accounted 40% interest in SwissLife Banque Privée.
Copyright (c) 2018 CercleFinance.com. All rights reserved.