Trading Update

RNS Number : 9303Z

Alpha FX Group PLC

27 May 2021

 

27 May 2021

Alpha FX Group plc

("Alpha FX" or the "Group")

Trading Update

Alpha FX Group plc (AIM: AFX), a provider of FX risk management and alternative banking solutions to corporates and institutions internationally, today announces a trading update for the year ending 31 December 2021.

Trading in the five months to date has been very positive across all aspects of the business. Our Institutional and Alpha Platform Solutions divisions in the UK, along with our overseas offices in Canada and Amsterdam have all delivered excellent year-on-year growth. Our more established Corporate division has also demonstrated strong growth, as well as being the talent incubator for future leaders to launch Alpha into new markets.  

As a result of the performance to date, the Board is optimistic that, providing the situation under COVID-19 does not deteriorate, the Group is on track to exceed current expectations for the full year.

The Board intends to publish a further update on trading post the half year end in line with previous years, in mid-July, with interim results published in early September.

Enquiries:

Alpha FX Group plc                                                                                                                  via Alma PR

Morgan Tillbrook, Founder and CEO

Tim Kidd, CFO

Liberum Capital Limited (Nominated Adviser and Sole Broker)        Tel: [phone] 

Neil Patel

Richard Bootle

Kane Collings

Alma PR (Financial Public Relations)   Tel: [phone]

Josh Royston

Andy Bryant

Kieren Breheny

Notes to Editors

Alpha provides FX risk management and alternative banking solutions to corporates and institutions across the UK, Europe and Canada.  Combining leading expertise and technology, the Group partners with a small number of high value clients, to provide enterprise-level solutions across four key areas: FX risk management, international payments, accounts and collections.

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 brands.

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.

 

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