Business
Viel & Cie : Results 2025 496.38 KB
Viel & Cie : Results 2025 496.38
About this update from Viel & Cie Sa
PRESS RELEASE Paris, 27 March 2026 2025: Growing profit Consolidated revenue up to 7.4%* at €1,266.9 million Operating profit: €236.6 million up 19.5%* (including associates) Profit before tax: €228.0 million (+11.2%*) Net profit: €178.4 million (+7.2%*) Net profit-Group share: €126.4 million (+4.7%*) Dividend: €0.54 per share up to 15% '* at current currency M€ 2025 2024 Variation in current currencies* Variation in constant currencies* Revenue 1,266.9 1,179.3 7.4% 10.7% Other operating income 3.5 4.9 -29.6% -28.4% Operating profit 1,270.4 1,184.2 7.3% 10.5% Operating expenses -1,077.9 -1,030.9 4.6% 7.7% Operating profit 192.5 153.3 25.6% 29.1% share of profit of associates 44.1 44.6 -1.2% 1.0% Operating profit including associates 236.6 197.9 19.5% 22.7% Financial result -8.5 7.1 -220.8% -219.3% Profit before tax 228.0 205.0 11.2% 14.4% Income tax -49.6 -38.6 28.4% 31.1% Net profit 178.4 166.3 7.2% 10.5% Net profit -Group share 126.4 120.7 4.7% 7.8% Minority interest 52.0 45.6 13.9% 17.8% * 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 The Group's activities grew strongly in 2025 in a complex macroeconomic environment marked by the shift of the major central banks' monetary policies toward a cautious easing and by a rise in international trade tensions, notably the introduction of significant U.S. tariffs that triggered retaliatory measures and increased global geopolitical uncertainty. These developments prompted investors to actively reassess and reposition their portfolios, generating a substantial increase in transaction volumes across all asset classes and regions. The Group was able to capitalize on these market conditions while continuing its organic growth strategy. Bourse Direct saw continue growth in 2025 with an increase in the number of executed trades. Consequently, the consolidated results for 2025 show revenue growth of over 10% at constant exchange rates, and a significant improvement in operating profit to €236.6 million, ...