Companies

LotusWorks turnover set to bloom to €106m this year

Sligo company’s growth is due mainly to increased demand globally for chip manufacturing and expansion of other sectors including pharmaceutical

Emer Conroy and Gerard Sproule, directors of LotusWorks, at the company’s headquarters in Finisklin, Sligo. Picture: James Connolly

LotusWorks, the Sligo technical and engineering company, projects to a hit a turnover of €106 million in its current financial year as it plans to add 100 new jobs globally.

The company’s projections show it has more than doubled its turnover since a management buyout (MBO) of the business five years ago when revenue was €45 million.

Turnover for last year was just under €98 million and was significantly up on the previous year which ...