DELO Achieves Strong Sales Growth in Last Fiscal Year
DELO, a manufacturer of industrial adhesives for the automotive, consumer electronics, and semiconductor industries, generated revenues of almost €205 million ($222 million) during fiscal year 2022/23, ending on March 31. This is an increase of 12% compared to the previous year. Japan and the United States particularly drove growth for the adhesives manufacturer.
The Americas’ share of total sales rose to 18%. Asia, the company’s largest market, declined to a 48% share of sales. A further 34% of revenues were recorded in Europe. At the industry level, the main pillars were the semiconductor, automotive, and consumer electronics industries.