OFX Group Expanding With Corporate Growth Above 10% Across All Markets

  • Mar 20, 2019 AEDT
  • Team Kalkine
OFX Group Expanding With Corporate Growth Above 10% Across All Markets

OFX Group Limited (ASX: OFX) is into providing online services for international payment to consumer and business clients under a single global brand, OFX. At OFX, it offers bank beating exchange rates and have waived the OFX transfer fee for some transfers. The location of the company is 60 Margaret Street Level 19 Sydney, NSW, Australia.

The company today on 20 March 2019, has published the investor's presentation. The mission of the company is to become the trusted international money services provider by consumers and businesses, who value a seamless digital experience at a competitive price, with a personal and always on-support team. The company thrives on strategic growth pillars which includes growth drivers like client experience, geographic expansion and partnerships.

The trading updates include the corporate growth of the company growing above 10% across all markets. The US 2H19 HTD revenue up by more than 20%. The company has stable NOI margins ex-IPS. It also achieved active client growth in February for the first time in 10 months. The company has several opportunities in FY20 including investing in Corporate client experience and build enterprise client experience. It also continues to build a pipeline.

The company has a marketing mission involving new revenues, client engagement and brand distinctiveness. It has targeted acquisition via search and Google display network. Smart Display drove registrations and brand advocacy. It has continued focus on CPA efficiencies and diversification of media channels. On the client engagement front, CRM has delivered in consumer, increasing transactions and revenue from existing clients. The company implemented corporate automated journeys, combining excellent account management with automation as relevant. Moreover, it will introduce improved client experience via improvements in website, content and personalisation. The brand advocacy of the company is increasing with 68% of its clients recommending OFX to friends and family.

The CEO of the company Skander Malcolm said that the market conditions have been challenging compared to the previous year, on the back of lower levels of currency volatility and softer global spot transaction volumes. While active clients have not grown as much as anticipated, the company saw growth in February. The company outperformed the market in many respects, with corporate revenue up more than 10% across its markets and US revenue growth of more than 20%. OFX maintained steady NOI margins and are targeting positive operating leverage for the full year and expects the EBITDA for the full year to be between $30.9m and $32.0m.

On the price-performance front, the stock of OFX Group Limited is currently trading at $1.790 with ~7.254% decrease during the day’s trade, with a market capitalisation of $479.77 million (AEST 04:00 PM). The stock has generated a YTD return of 11.24% and returns of -2.53%, 8.43% and 6.04% over the past six months, three months and one-month periods, respectively. It had a 52-week high price of $2.470 and a 52-week low price of $1.595, with an average trading volume of ~ 560,188. The stock is trading at a PE multiple of 23.450x with an annual dividend yield of 2.92%.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.



All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK