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

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

Features

Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers
single pain of glass