Business
Viel & Cie : Results 2024 989.81 KB
Viel & Cie : Results 2024 989.81
About this update from Viel & Cie Sa
[{"type":"text","content":"\n PRESS RELEASE\n Paris, 27 March 2025STRONG RESULTS IN 2024\n Consolidated revenue: up 9.4% to €1,179.3m\n Operating profit: €197.9m up 15.0%*\n (including associates)\n Profit before tax: €205.0m (+23.1%*)\n Net profit: €166.4m (+24.5%*)\n Group share of net profit: €120.7m (+23.1%*)\n Dividend: €0.47 per share, up 17.5%\n *At variable exchange rates€m\n 2024\n 2023\n Variation* in variable currency\n Variation* in constant currency\n Revenue\n 1 179.3\n 1077.6\n 9.4%\n 10.6%\n Other operating income\n 4.9\n 2.5\n 93.8%\n 93.4%\n Operating income\n 1 184.2\n 1080.1\n 9.6%\n 10.8%\n Operating expenses\n -1030.9\n -953.3\n 8.1%\n 9.4%\n Operating profit\n 153.3\n 126.9\n 20.8%\n 21.2%\n Share in the results of associates\n 44.6\n 45.3\n -1.4%\n 1.2%\n Operating profit incl. associates\n 197.9\n 172.1\n 15.0%\n 15.9%\n Financial result\n 7.1\n -5.6\n 225.4%\n 232.9%\n Profit before tax\n 205.0\n 166.5\n 23.1%\n 24.3%\n Income tax\n -38.6\n -32.9\n 17.4%\n 16.9%\n Net profit for the year\n 166.3\n 133.6\n 24.5%\n 26.2%\n Group share\n 120.7\n 98.1\n 23.1%\n 24.6%\n Minority interests\n 45.6\n 35.5\n 28.7%\n 30.6%*Based on data calculated in thousands of euros. The variations in income statement items at variable exchange rates are calculated based on average rates for the period compared with average rates for the previous period when translating the currencies of the Group's consolidated subsidiaries. The variations in income statement items at constant exchange rates are calculated using the average exchange rates for the period N-1 over both comparison periods.\n Business review\n The Group's activities grew strongly in 2024, against a dynamic macroeconomic backdrop marked by the pivotal shift in monetary policy of central banks in the world's largest economies. These changes, along with ongoing geographical uncertainty, drove volatility in financial markets and helped boost trading volumes across all regions and asset classes. This environment provided further impetus for the Group's organic growth policy in its interdealer broking (IDB) business. Bourse Direct saw continued growth in 2024 with an increase in the number of executed trades and a strong contribution to earnings from treasury products. Swisslife Banque Privée is in line with its 2023 results, driven by the marketing of structured products.\n Consolidated results...