Universal Robots, leading Danish manufacturer of collaborative robots, has reported record annual revenue of 311 million, 41% more than in 2020 and 23% more than in the pre-pandemic results of 2019.
The president of the company, kim povlsen, has evaluated the results as follows: “Universal Robots has had a great year. In a company like ours, which manufactures sophisticated hardware with high quality standards, this type of growth requires a huge commitment from everyone involved. Our production team in Denmark has broken internal records for the number of cobots developed, producing 400 cobots in a single week in QXNUMX. Our supply chain experts have worked hard to keep our business running smoothly, despite global supply challenges.”
Fourth quarter revenue also broke records, up 22% from the fourth quarter of 2020, and 28% from the fourth quarter of 2019. “Our growth is being driven by several long-term trends, such as labor shortages of work and the growing awareness of the contribution of automation to productivity. In addition to reaching new consumers, we see manufacturers repeating the use of cobots after seeing the impact of the technology,” explains Kim Povlsen.
The company expects the strong growth to continue in 2022, as Kim Povlsen recounts: “The demand for collaborative robots is going to grow and our unique ecosystem grows with it. Working with more than 1.000 independent companies – including component, kit and application manufacturers, certified integrators and distributors – collaborative innovation is what sets our growth path apart.”
