Business
Viel & Cie : Half Year Results 2025 898.37 KB
Viel & Cie : Half Year Results 2025 898.37
About this update from Viel & Cie Sa
COMMUNIQUÉ DE PRESSE Paris, 6 september 2025 GROWTH IN RESULTS FOR THE FIRST HALF OF 2025 Consolidated revenue up 9.4%* to €653.5 million Operating income of €124.8 million, up 15.6%* (including associated companies) Net income of €95.6 million (+7.5%*) Net income attributable to the group of €69.2 million (+5.7%*) '* at variable exchange €M H1 2025 H1 2024 Variation* at variable exchange rates Variation* at constant exchange rates Revenue 653,5 597,2 9,4% 9,9% Other operating income 1,7 1,5 14,3% 13,5% Operating income 655,2 598,8 9,4% 9,9% Operating expenses -551,5 -516,4 6,8% 7,3% Operating profit 103,7 82,4 25,9% 26,3% Share of profit of associates 21,1 25,8 -18,2% -18,4% Operating income incl.associates 124,8 108,2 15,4% 15,6% Financial result -2,2 2,6 -183,7% -181,0% Profit before tax 122,6 110,8 10,7% 11,0% Income tax -27,0 -21,8 23,9% 22,9% Net profit for the period 95,6 89,0 7,5% 8,1% Group share 69,2 65,4 5,7% 6,4% Minority interests 26,4 23,6 12,3% 13,0% **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. Overview of activities In the first half of 2025, VIEL & Cie continued its growth momentum. Compagnie Financière Tradition's strong performance was supported by high market volatility fueled by persistent uncertainties regarding monetary policy, the introduction of new tariff barriers, and increased geopolitical tensions. Against this backdrop, the Tradition Group recorded revenue growth across all asset classes and regions, up 12.3% at constant exchange rates, including joint ventures, to CHF 632.1 million. Its profitability improved, with net income attributable to the group of CHF 70.2 million, up 20.4% at constant exchange rates. Bourse Direct continued to grow, with a 16.1% increase in the number of orders executed, but saw a lower contribution to cash income. Swisslife Private Bank posted a significant decline in earnings of 36.8% in the first half of 2025, representing a €4.0 million decrease in its contribution to VIEL & Cie'...