FairFX, the e-banking and payments group, announces that at its Annual General Meeting, which is to be held at 12:30pm today, John Pearson, Chairman, will make the following statement:
“2018 was another year of significant growth for FairFX with further progress made towards our strategic goals. Turnover and revenue growth continued to be strong, both organically and via acquisition, whilst we also made further investment in our technology to increase the functionality and capacity in our platform for continued expansion.
“The Group has enjoyed a strong year to date in 2019, both in terms of turnover and improved margins, which is a consequence of further rationalisation of the supply chain. In addition, the investments we made in 2018 are now flowing through in terms of new products being released in 2019; with one such example being the granting of the Bank of England settlement accounts and direct access to the Faster Payments scheme.
“The Board expects the Group’s trading performance for the full year to be in line with market expectations.”