In March LORD raised its shared capital to €1,007,500 by transfer of current account, with a premium on shares of €153,000 thereby lifting its equity capital to nearly 2 million Euros.

"This year revenue should exceed our €3.8 million objective", Patrick Lafond, President and CEO says, "which will reflect a 33% increase in sales year-on-year. A strong upswing of the operating income which should exceed the €300,000 mark is also expected with a net income beyond €330,000, that is just a 120% boom over past year", he adds. "The stronger growth momentum is still ahead of us. We have to get prepared for it", he concludes.

This projection is supported by the fast growing penetration of the bird control market on airports with LORD’s unique bird repellent laser systems and by the ongoing operational process transformation in the company.