Glass Industry News

DELO Reports Increased Revenues Despite the Approaching Coronavirus Storm

, DELO

DELO closed the financial year that ended on March 31 with a turnover of EUR 163 million. This is an increase of almost five percent compared to the previous year (EUR 156 million).

Despite increasing coronavirus restrictions worldwide, even the last quarter of the fiscal year contributed to this result.

The manufacturer of high-tech adhesives and other functional materials achieved about one third of its sales in Europe and North America. Another third each was earned in China and the remaining Asian countries. Accordingly, China was DELO's largest single market, followed by Germany with an 18 percent share of sales and Singapore with 14 percent. Apart from China as a traditional growth driver, the strongest increases were recorded in South Korea and European countries such as Italy. In terms of sectors, the consumer, automotive and industrial electronics industries continued to be the most important pillars.

“We felt the effects of the slowdown in global economy during the last fiscal year. What is remarkable is that we managed to finish the last quarter of our fiscal year above expectations despite the massive coronavirus restrictions and worldwide production shutdowns”, said Dr. Wolf Herold, Managing Partner of DELO. “This is mainly due to our Asian customers who were increasingly building up stocks in order to be independent from possible local restrictions.”

The company currently has a workforce of 800 people, 710 of whom work at its headquarters in Windach, near Munich, Germany. Recently, a 4,800 m² building for the development and production of dispensing and curing devices has been put into operation and a new production hall with an area of more than 8,000 m² has been handed over.

The outlook for the current fiscal year is cautiously optimistic. “We have coped well with the coronavirus crisis so far and are doing everything we can to keep it that way", says Herold. “If the global economy continues to recover and no further shutdowns occur, we could see an increase in sales by the end of this fiscal year.”

, © DELO

Il materiale informativo del sito è registrato ed appartiene all´azienda o ai terzi che lo hanno fornitoe tutti i diritti sono riservati. Qualsiasi utente che accede a tale materiale può farlo solo ad uso personale e ne è anche responsabile. Ridistribuzione o altro uso commerciale di tale materiale è espressamente proibito. Nel caso in cui il materiale sia stato ceduto da terzi, l´utente concorda di rispettare questi termini di utilizzo specificati. Glass Global non garantisce la veridicità o l´esattezza del contenuto di alcuna informazione o di siti web esterni menzionati nelle stesse.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.



Info Grid

Glass studies

Updated worldwide glass study 2024

plants.glassglobal.com

Updated hollow glass study 2024

Request more information

Updated float glass study 2024

Request more information

Further glass market studies

Request more information

Profilo Aziendale



Updated worldwide glass market study 2024 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2024.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via plants.glassglobal.com.

Updated container glass study 2024

X

Updated float glass study 2024

X

Further glass studies and reports 2024

X