17 Oct 2019 07:00
17 Oct 2019
Alpha FX Group plc
("Alpha" or the "Group")
Trading update
Alpha FX (AIM: AFX), a foreign exchange and payments specialist working for corporates and institutions internationally, today announces a trading update for the year ending 31 December 2019.
Following the interim results announcement on 4 September 2019, the Board is pleased to announce that trading has continued to be strong. Growth continues to be derived from the core UK corporate market, European clients serviced from the London office, as well as the Institutional division and the broadening of the product base into currency options. The newly launched operations in Canada and Alpha Pay also continue to make positive revenue contributions to the Group.
As a result of the strong performance across all areas of the business, the Board expects earnings for the year ending 31 December 2019 to be ahead of current market expectations.
Enquiries:
Alpha FX Group plc via Alma PR
Morgan Tillbrook, Founder and CEO
Tim Kidd, CFO
Henry Lisney, COO
Liberum Capital Limited (Nominated Adviser and Sole Broker) Tel: +44 (0) 20 3100 2000
Neil Patel
Richard Bootle
Kane Collings
Alma PR (Financial Public Relations) Tel: 07780 901979
Josh Royston
Helena Bogle
Rebecca Sanders - Hewett
Market Abuse Regulation
This announcement is released by Alpha FX Group plc and contains inside information for the purposes of the Market Abuse Regulation (EU) 596/2014 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR. The person who arranged for the release of this announcement on behalf of Alpha FX Group plc was Tim Kidd, Chief Financial Officer.
Notes to Editors
Alpha is a foreign exchange and payments specialist focused on helping organisations manage their currency exposures more effectively. The Group's primary client base consists of corporates and institutions that have a requirement to convert currency for a commercial purpose, such as buying or selling goods and services overseas, repatriating profits, or expatriating payroll. Since it was incorporated in 2010, Alpha FX has been able to build and retain a high-quality client base that includes a number of highly respected household brands.