DELO Announces Revenues, Registers Record Growth

05/14/2018

DELO, one of the world’s leading manufacturers of industrial adhesives for automotive, consumer and industrial electronics applications, announced its annual revenue results for the fiscal year ending on March 31, 2018. The company achieved a sales record of $191 million (€ 159 million).

DELO saw a revenue increase of 67 percent, compared to the previous year, where the company achieved a turnover of $114 million (€ 95 million).  The main growth was seen in Asia, where sales doubled. Other markets also performed well, with revenues in Germany seeing a substantial growth of 19 percent.

"Even by our standards, this growth is extraordinary. It is, above all, the result of major special projects in the electronics sector," said Dr. Wolf-Dietrich Herold, managing partner of DELO. “The continued good shape of the global economy and the significantly increased focus on quality shown by our Asian electronics customers gave us further momentum."

DELO’s growth is also reflected in the distribution of revenues across various industries. Sales in the electronics industry have more than doubled, while sales have increased by more than 20 percent in the automotive and mechanical engineering industries.

A special bonus of $6000 (5,000) for each employee

As in previous years, DELO employees received a bonus. Six thousand dollars (€ 5,000) was given to each employee. "Our success was made possible by the great commitment of our employees. With this bonus, we would like to thank all of them for their loyalty and at the same time motivate them to work well together once again over the next year," said Herold.

DELO currently has a workforce of 700 people, 630 of whom work at the company's headquarters in Windach, Germany near Munich. The company created 100 jobs in the past fiscal year and plans to create at least 100 more during the current year. In order to keep pace with growth, a new production hall with a surface area of more than 86,000 square feet (8,000 m²) is currently under construction as well as a building covering 51,600 square feet (4,800 m²), intended for the development and production of dispensing and curing systems.

The management has an optimistic outlook on the current financial year, expecting that DELO will probably not only maintain the current level, but continue to expand.

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