DELO ended its 2021 fiscal year (April 1, 2020-March 31, 2021) with revenues of €167 million (approximately $203.9 million). After a year of major fluctuations in demand due to the COVID-19 pandemic, the company experienced growth of around 2% over the previous year’s €163 million (~ $199 million). Particularly strong, double-digit revenue growth was recorded in Japan and South Korea.
In total, DELO generated roughly half of its revenues in Europe and North America and the other half in Asia. China was the largest single market, accounting for 35% of revenues, followed by Germany with 19%. At the industry level, consumer electronics (30%), automotive (25%), and semiconductor (20%) proved to be the most important segments.
DELO’s fiscal year was characterized by very different phases. A sharp rise in demand at the beginning of the pandemic in the spring was followed by a significant decline in the summer, as well as a strong recovery since autumn.
“We’re used to certain cyclical fluctuations from our consumer electronics customers,” said Wolf Herold, Ph.D., managing partner. “Last year, this was compounded by Covid-19 and its impact on the automotive industry.”
The company currently has a workforce of 820 people, 740 of whom work at its headquarters in Windach, near Munich. During the last fiscal year, DELO commissioned a new production hall with an area of about 8,000 m² and several production lines. A subsidiary was also founded in Malaysia to reinforce existing activities in this Southeast Asian country.
For more information, visit www.delo-adhesives.com.
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