VIEL & Cie (VIL) investor relations material

Executive summary

• Consolidated revenue for H1 2026 rose 11.5% at constant exchange rates and 6.5% at variable rates year-over-year, reaching €696.0 million.

• Operating income increased by 4.6% at variable rates and 9.1% at constant rates, totaling €108.5 million.

• Net income attributable to the group grew 11.8% at variable rates and 17.2% at constant rates, reaching €77.3 million.

• All business segments contributed positively, with strong growth in online brokerage and professional intermediation.

• Operating income including associates increased 7.2% to €133.8 million, or 12.4% at constant exchange rates.

Financial highlights

• Revenue: €696.0 million (up 11.5% at constant FX, 6.5% at variable FX) vs. H1 2025.

• Operating income: €108.5 million (up 9.1% at constant FX, 4.6% at variable FX).

• Net income: €106.8 million (up 11.6% at variable FX).

• Earnings per share: €1.25 basic, €1.24 diluted (vs. €1.11 and €1.10 in H1 2025).

• Share of profit from associates increased 19.9% to €25.3 million.

Outlook and guidance

• Professional intermediation aims for continued organic growth, digitalization, and data analytics investment.

• Online brokerage expects sustained growth from higher order volumes, rising interest rates, and product diversification.

• Focus remains on cost control and maintaining a strong financial structure for long-term resilience.

• Continued investment in data science, AI, and hybrid brokerage solutions.

• Bourse Direct aims to diversify services and products, targeting a young client base and expanding offerings.