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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Horizon Tech. | LSE:HOR | London | Ordinary Share | IE0006881506 | ORD EUR0.07 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 92.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4599L Horizon Technology Group PLC 10 January 2008 Horizon Technology Group plc Dublin: HOR.I London: HOR.L ADR: HZNTY Trading update and release of preliminary results 10 January 2008: Dublin & London Horizon Technology Group plc, a leading system integrator and distributor of information technology products in the UK and Ireland, is pleased to provide a year-end trading update and announce that it intends to release preliminary results on 13 March 2008. Horizon's revenue, which has become increasingly weighted towards the end of each quarter, was lower than expected in December, partly due to orders slipping into 2008. The directors anticipate that diluted adjusted EPS in 2007 will show single-digit growth. The directors consider that the group's bad debt provisions need to be strengthened by Euro0.8 million to reflect an exposure to a significant UK customer whose business has gone into Administration. The group has performed ahead of expectation in terms of cash generation and market share growth. Having generated approximately Euro11 million of cash flow in 2007 and with net cash at 31 December 2007 of approximately Euro4 million, the group is in a very strong financial position. For further information please contact: Horizon Technology Group plc Cathal O'Caoimh, Chief Financial Officer 353 1 620 4900 K Capital Source Mark Kenny/Jonathan Neilan 353 1 631 5500 ABOUT HORIZON Horizon Technology Group plc is a leading technical integrator and distributor of information technology products in the UK and Ireland. For more information about Horizon Technology Group plc, visit www.horizon.ie. This information is provided by RNS The company news service from the London Stock Exchange END TSTFKCKQOBKDNDK
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