2018 was a pivotal year for Horizon. Following Terry Pizzie’s appointment as CEO in April, a new management team has been formed and under his leadership the business has seen a refocus through the development and implementation of a new ‘Investing for Growth’ strategic plan.
The Group will now prioritise the highest value, high-growth market segments that Horizon is well placed to address, while continuing to invest in innovative new technologies to maintain our scientific leadership and enhance Horizon’s position as a world-leading cell‑engineering provider.
The Board is confident that Horizon’s scientific expertise and commercial leadership make it well placed to capitalise on the rapidly increasing demand for our products and services.
Dr Ian Gilham, Non-Executive Chairman
Click here to see full Chairman’s Review from Horizon’s 2018 Annual Report and Accounts
We are at the cutting edge of a rapidly changing market and have a significant opportunity as gene editing and gene modulation become embedded at an industrial scale into our customers’ workflows.
The market opportunity for gene editing and gene modulation is substantial and with limited direct competition, Horizon has strong prospects for growth.
With a robust balance sheet and an already strong order book for 2019, we are confident in our growth prospects. The Board expects FY19 revenues to be in-line with current market expectation and to maintain a positive EBITDA performance.
Terry Pizzie, Chief Executive Officer
Click here to see full CEO Review from Horizon’s 2018 Annual Report and Accounts
2018 saw the completion of the integration of Dharmacon and a new strategy focusing investment on high-growth opportunities enabling the delivery of strong growth in revenues, EBITDA and operating cash.
Our focus on high-growth opportunities, combined with an enhanced corporate and financial governance will provide a robust platform for continued, sustainable revenue growth. The additional investment in innovation, eCommerce and automation are key enablers of this growth.
Jayesh Pankhania, Chief Financial Officer
Click here to see full CFO Review from Horizon’s 2018 Annual Report and Accounts