VIEL & Cie (VIL) Q3 2024 TU earnings summary

Executive summary

• Consolidated revenue for the first nine months of 2024 rose 9.3% year-over-year to €879.7m at current exchange rates, and 11.1% at constant rates.

• Q3 2024 revenue increased 12.4% year-over-year to €282.4m at current exchange rates, and 14.1% at constant rates.

Financial highlights

• IDB business revenue reached €822.6m for the period, up from €755.2m year-over-year.

• Online trading segment revenue was €57.1m, up from €49.7m year-over-year.

• Bourse Direct saw a 14.7% increase in consolidated revenue and over 10% growth in new customer accounts, totaling more than 340,000 accounts by September 2024.

Segment performance

• Compagnie Financière Tradition operates in 30 countries and is ranked third globally in the IDB sector.

• Bourse Direct is a leader in France's online trading sector.

• The group holds a 40% equity stake in SwissLife Banque, active in private banking in France.