Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Synergon Climbs as Volume Jumps on Acquisitions: Budapest Mover

Dec. 19 (Bloomberg) -- Synergon Nyrt. shares jumped and trading volume surged after the Hungarian computer services provider said it is buying stakes in several data, cloud computing and telecommunications companies and real estate.

The stock rose as much as 3.4 percent and traded 1.4 percent higher at 448 forint by 10:24 a.m. in Budapest. Traders bought and sold more than 60,000 shares, or 292 percent of the average over the last three months.

The acquisitions will probably boost revenue by almost 3 billion forint ($13.8 million) next year, Synergon said in a statement to the Budapest Stock Exchange. Earnings before interest, taxes, depreciation and amortization will rise by at least 400 million forint to 450 million forint because of the deals, Synergon said.

Synergon is paying almost 1.9 billion forint and some of its own shares for the stakes, all in Hungary, it said.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Wojciech Moskwa at wmoskwa@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.