Adhesives manufacturer DELO recorded growth of 2% in 2020, despite the Covid-19 emergency, thus seeing a positive end to the fiscal year. Half of the revenues came from the Asian market, with China accounting for 35% of the total.
DELO finished the last fiscal year (until March 31) shaped by the Covid-19 pandemic with revenues of EUR 167 million. At the end of a year of major fluctuations in demand, the company experienced growth of around 2% over the previous year’s EUR 163 million. In total, the manufacturer of high-tech adhesives and associated equipment generated roughly half of 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 spring was followed by a significant decline in summer and a strong recovery since autumn. 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.