DELO reported revenues of € 156 million (previous year: € 159 million) for the fiscal year ending on March 31. The adhesive manufacturer anticipates revenues in the region of € 170 million for the current year.
Revenues for the 2018/19 fiscal year are down 1.9 percent on the previous year, reflecting the recent downturn in the global economy. However, last year was also characterized by dynamic growth with many special large-scale projects. Taken as an average, the last two years yield a rise of 28 percent respectively.
Key sectors again proved to be the electronics and automotive industries. The adhesive manufacturer generated 80 percent of its revenues outside of its home market Germany, with China as the largest market, accounting for 25 percent of the whole. Germany, with a growth of 4 percent, displayed a steady development and is ranked in 3rd place. At 11 percent, the share of US revenues has increased significantly.
"Following the huge effort of the preceding year, the necessary structures for the future have now been established, essential skills recruited and processes adjusted," says Dr. Wolf Herold, Managing Partner of DELO. "We are entirely happy with last year since we again succeeded in achieving sustained profitability. All of our employees can therefore look forward to a bonus."
The company currently employs 780 people, 80 more than the year before. In addition, DELO opened new Chinese headquarters in Shanghai last September. Two buildings are currently under construction at the company headquarters in Windach, Germany. A new production hall with an area of more than 8,000 m² and a building covering 4,800 m², intended for the development and production of dispensing and curing systems, are due to go into operation at the beginning of 2020.
The management takes an optimistic view of the current fiscal year in anticipation of revenues in the region of € 170 million.
