Delo Industrial Adhesives achieved a sales record of 159 million euro in the fiscal year that ended on 31 March 2018. The result corresponds to an increase of 67% compared to the previous year (95 million euro of the previous fiscal year). The main growth driver was in Asia, where sales even doubled, while in Germany revenues increased by 19%. Altogether, the adhesive manufacturer generated 82% of its sales abroad.
Revenues were distributed across the industries, and sales in the electronics industry have more than doubled, also thanks of major special projects aimed to the sector, combined with the increased focus on quality shown by the company’s Asian electronics customers. In the automotive and mechanical engineering industries sales have increased by more than 20%. In order to recognize the contribution and the commitment of its employees, the company decided to distribute a special bonus of 5.000 euro for each employee to thank them for their loyalty and at the same time motivate them to work so well together again the next year.
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.