AGFX Argentex Group Plc

TIDMAGFX

RNS Number : 0122T

Argentex Group PLC

10 November 2023

10 November 2023

Argentex Group plc

("Argentex" or the "Company")

Trading Statement

Argentex Group plc (AIM: AGFX), announces that following a review of its financial forecasts, the Board of Argentex expects to report revenue and operating profit for the year ending 31 December 2023 at approximately the same levels as for the twelve months ended 31 December 2022, which are below current market forecasts.

Jim Ormonde, Interim Chief Executive Officer commented:

"Obviously it is very disappointing that the numbers for this year are likely to show little, if any, improvement on last year and current market conditions remain challenging. However, Argentex continues to be a stable, profitable and cash generative business.

We are in the process of concluding a review of our strategy, which we will communicate to investors in the New Year, and we remain confident that there is a significant market opportunity for us to exploit."

The information contained within this announcement is deemed by the Group to constitute inside

information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the

publication of this announcement via a Regulatory Information Service, this inside information is now

considered to be in the public domain.

For further information, please contact:

Argentex Group PLC

Nigel Railton - Chairman

Jim Ormonde - Interim Chief Executive Officer

investorrelations@argentex.com

Singer Capital Markets (Nominated Adviser and Broker)

Tom Salvesen / James Maxwell / Justin McKeegan / Angus Campbell

020 7496 3000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTBKLLBXFLLFBD

(END) Dow Jones Newswires

November 10, 2023 02:00 ET (07:00 GMT)

Argentex (LSE:AGFX)
Historical Stock Chart
From Mar 2024 to Apr 2024

Argentex (LSE:AGFX)
Historical Stock Chart
From Apr 2023 to Apr 2024