Optimistic outlook
Record growth at Delo
The company's turnover soared to 159 million euros in the financial year ending March 31, 2018. This corresponds to an increase of 67% compared to the previous year (2017: EUR 95 million). In Germany, revenue increased substantially by 19%. However, the main growth driver was Asia, where sales actually doubled. Overall, the adhesives manufacturer generated 82% of its turnover abroad.
"This growth is extraordinary, even by our standards. It is primarily the result of large special projects in the electronics sector," says Dr. Wolf-Dietrich Herold, Managing Partner of DELO. "The continuing good global economy and a much greater focus on quality from our Asian electronics customers gave us a further boost."
This is also reflected in the sector distribution of revenue. Sales in the electronics industry have more than doubled. In the automotive industry and mechanical engineering, other strategic markets for the company, they increased by more than 20 percent.
As in previous years, employees received a profit-sharing bonus. Special bonuses totaling 5,000 euros per person were distributed for the past financial year. "It was only thanks to the great commitment of our employees that last year was so successful. With this bonus, we would like to thank all employees for their loyalty and at the same time motivate them to continue working together so well in the coming year," says Herold.
The medium-sized company currently employs 700 people, 630 of whom work at its headquarters in Windach near Munich. In the past financial year, 100 new jobs were created. The company is planning at least 100 more for the current year. In order to keep pace with growth, a new production hall with an area of more than 8,000 m² and a 4,800 m² building for the development and production of dosing and curing equipment are also under construction.
In its outlook for the current financial year, the management is optimistic. Delo will probably not only be able to maintain the level currently achieved, but will also be able to expand it further. kp
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