DELO, the manufacturer of high-tech adhesives and other multifunctional materials, as well as related equipment, recorded has achieved sales of €182 million in the fiscal year 2021/22, which was an increase of 9% compared to the previous year.
Overall, DELO generated half of its revenues in Asia, one-third in Europe and one-sixth in North America. The largest single markets was China with a 31% share of sales, ahead of Germany with 19% and the United States with 13%. In terms of industries, consumer electronics, the automotive industry and the semiconductor sector proved to be the most important again.
Compared with the volatile previous year, which was dominated by Covid-19, fiscal 2021/22 was characterised by more stability, but remained challenging. "Due to limited air cargo capacity and local lockdowns, smooth delivery has been an ongoing challenge," said Dr Wolf Herold, managing partner of DELO. "Thanks to the great commitment of our employees and close coordination with our transport service providers, we managed to reliably supply our goods to our customers even in this difficult environment."
Investments in research and development accounted for approximately 15% of turnover. Further progress was made in internationalisation with the establishment of the Malaysian subsidiary and new facilities opened in South Korea.
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.
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