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

Trevor Pott

Why aren't you, personally, stopping the moronocalypse?
Star Trek Into Darkness

Chris Mellor

Federation fissiparousness to form co-ordinated divisions
iot_internet_of_things

Chris Mellor

EMC is ahead overall with HDS mounting an IoT catch-up

Features

Lego gandalf by https://www.flickr.com/photos/isherwoodchris/  CC 2.0 https://creativecommons.org/licenses/by-sa/2.0/ attribution sharealike
Why interconnectivity in the cloud is tougher than just stacking bricks
Handing over dollars picture via Shutterstock
Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away