Horizon Technology Group said this morning that turnover and operating and profit for the year to December were in “in line with current market expectations”.

However, the Irish IT service group's figures will be hit by one-off charges totally €2m. Some of that will over a refund of €1.2m incorrectly paid by a supplier in 2003 and 2004. The rest of the €2m charge relates to the loss and subsequent replacement of a tenant in one of the group’s leasehold properties.

Full results will be released in March.®