The Channel logo

News

By | John Oates 13th March 2008 11:31

Horizon admits takeover talks

'May or may not lead to acquisition'

Horizon Technology Group - the Irish reseller company - told the Stock Exchange this morning that it has been approached by a possible buyer for the firm.

The statement said the approach may, or may not, lead to an offer for the company of €1.18 a share. Horizon shares have been trading on the Irish exchange for about €0.40 but jumped 115 per cent to just over €1.

Horizon also announced a six per cent rise in profits this morning on revenues which grew 12 per cent.

Prelimary figures for the year ended 31 December 2007 showed Horizon brought in revenues of €288.2m and made a profit after tax of €5.9m. Ebitda was €10.6m or 3.7 per cent of revenue. Earnings per share were 9.39 cents.®

alert Send corrections

Opinion

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust