DELO Industrial Adhesives looks back on a very successful financial year. The company not only achieved a sales record of nearly €160 million, but also record growth. The employees will receive a special bonus for their contribution to the success.
The business’ revenues soared to €159 million in the fiscal year that ended on 31st March 2018. This corresponds to an increase of 67% compared to the previous year (2017: €95 million). In Germany, revenues increased substantially by 19%. However, the main growth driver was Asia, where sales even doubled. Altogether, the adhesive manufacturer generated 82% of its sales abroad.
"Even by our standards, this growth is extraordinary. It is, above all, the result of major special projects in the electronics sector," says Dr-Ing. Wolf-Dietrich Herold, managing partner of DELO. The continued good global economy and the significantly increased focus on quality shown by our Asian electronics customers gave us further momentum."
This is also reflected in the distribution of revenues across the industries. Sales in the electronics industry, for example, have more than doubled. In the automotive and mechanical engineering industries sales, the company's other strategic markets, have increased by more than 20%.
A special bonus of €5,000 for each employee
As in previous years, DELO employees received a bonus. Special bonuses of €5,000 per person were distributed for the past financial year. "Our success was made possible only 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 so well together again next year," says Herold.
DELO currently has a workforce of 700 people, 630 of whom work at the company's headquarters in Windach, near Munich. The company created 100 jobs in the past financial 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 an area of more than 8,000 m² is currently under construction as well as a building covering 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.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.
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