Industry News

DELO full year sales up 8.6% 27 May 2016

In the fiscal year ending 31st March 2016, DELO Industrial Adhesives generated 80 million euros, 8.6% up year on year. Around 70% of sales came from outside Germany.

DELO expects to confirm double-digit growth in China, the USA and Germany. The medium-sized enterprise has a solid growth rate in the automotive electronics sector, in which it grew revenues by more than 20%. Other drivers of growth were aerospace and consumer electronics.
“We not only grew considerably in the last year but have doubled our sales figures within the last five years. This shows that our R&D expenses – with 15% of the revenues far above the average – are worth their money,” said Dr Wolf-Dietrich Herold, managing partner of DELO. “They give us the opportunity to invest, today, in adhesives for applications that will achieve a major market penetration in only a few years. We are thus laying the foundation for an organic, profitable and sustainable growth.”
At its headquarters in Windach (Bavaria) DELO is constructing a new 4,600m² administration building to take account of its continual growth over the last few years.

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