Horizon Discovery Group (HZD)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

102.50p
   
  • Change Today:
    -1.00p
  • 52 Week High: 182.40
  • 52 Week Low: 94.00
  • Currency: UK Pounds
  • Shares Issued: 157.51m
  • Volume: 641,967
  • Market Cap: £161.45m
  • RiskGrade: 232

Horizon Discovery revenues grow following strong FY performance

By Iain Gilbert

Date: Tuesday 04 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Gene editing and modulation firm Horizon Discovery expects full-year revenues to show some year-on-year improvement after a strong performance from its research reagents and screening business units.
Horizon expects to report full-year revenues from continuing operations of approximately £58.3m - up from the £54.1m recorded during the prior year and representing growth of approximately 8% year-on-year.

The AIM-listed firm added that reported sales for 2019 were projected to have grown roughly 7% to £61.2m.

Horizon said the growth was principally driven by its research reagents and screening business units, but added that its BioProduction wing also continued to perform well and generate a strong second-half performance.

However, as expected, Horizon said the BioProduction division ended the year broadly flat year-on-year, reflecting its "exceptionally strong prior-year comparator performance".

Horizon's diagnostics business unit also had "a challenging first half of the year", reporting revenues 28.6% lower year-on-year.

Chief executive Terry Pizzie said: "We have reported a solid full-year 2019 performance based on the unaudited results against the backdrop of a busy second half that has seen a number of notable developments that will help to accelerate our transformation into a high-growth, pure-play tools and services company.

"We are committed to continued focused investment in commercially-led, scientific innovation to stay at the forefront of emerging technologies."

As of 1330 GMT, Horizon Discovery shares were up 8.13% at 173p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HZD Market Data

Currency UK Pounds
Share Price 102.50p
Change Today -1.00p
% Change -0.97 %
52 Week High 182.40
52 Week Low 94.00
Volume 641,967
Shares Issued 157.51m
Market Cap £161.45m
RiskGrade 232

HZD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.18% above the market average10.18% above the market average10.18% above the market average10.18% above the market average10.18% above the market average
78.57% above the sector average78.57% above the sector average78.57% above the sector average78.57% above the sector average78.57% above the sector average
Price Trend
51.28% below the market average51.28% below the market average51.28% below the market average51.28% below the market average51.28% below the market average
71.93% below the sector average71.93% below the sector average71.93% below the sector average71.93% below the sector average71.93% below the sector average
Income Not Available
Growth
33.64% above the market average33.64% above the market average33.64% above the market average33.64% above the market average33.64% above the market average
2.86% below the sector average2.86% below the sector average2.86% below the sector average2.86% below the sector average2.86% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HZD Dividends

No dividends found

Trades for 07-Jul-2020

Time Volume / Share Price
16:35 50,338 @ 102.50p
16:29 59 @ 105.00p
16:29 523 @ 104.00p
16:19 31 @ 103.50p
15:43 1,500 @ 103.50p

HZD Key Personnel

CEO Terry Pizzie
CFO Jayesh Pankhania

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