DELO's Revenue Increases for Most Recent Fiscal Year
In the last fiscal year, ending March 31, 2024, sales at DELO significantly increased. The manufacturer of high-tech adhesives and other multifunctional materials recorded sales revenue of €229 million ($249 million). This is an increase of 12% compared to the previous year. The company reports that South Korea and Mexico were among the most dynamic markets.
Overall, around half of sales were generated in Asia, according to DELO. The other half is divided between Europe and North America. As in previous years, the semiconductor, automotive, and consumer electronics industries proved to be the most important pillars in terms of sales. Investment in research and development amounted to 15% of revenues; the company reports that this is around three times the industry average.
"After a few challenging years due to COVID-19, strapped supply chains and the war in Ukraine, all of which prompted constant rescheduling of logistics processes, this past fiscal year could be characterized as more routine," said Dr. Wolf Herold, Managing Partner of DELO. "Nevertheless, there was great uncertainty among our customers as a result of a more cautious global market, making our twelve percent increase all the more remarkable."
Learn more about DELO at www.delo-adhesives.com.
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