Universal Robots Posts Record Annual Revenue and 41% Growth

MC UniversalRobots Posts Record Annual Revenue and Growth 1 400

January 31, 2022

 

Universal Robots, the Danish producer of collaborative robots, has reported record annual revenue of USD 311M, 41% up on 2020 and 23% up on pre-pandemic results in 2019.

 

The company’s President, Kim Povlsen said: “Universal Robots has had a great year. In a company like ours, which manufactures sophisticated hardware to high quality standards, this sort of growth requires tremendous commitment from all involved. Our production team in Denmark has broken internal records for the number of cobots built, producing 400 cobots in a single week in Q4. Our supply chain experts have worked hard to keep our business running smoothly despite global supply challenges.”

 

Quarter 4 revenue also broke records, up 22% on Q4 2020 and 28% up on Q4 2019. Kim Povlsen continued: “Our growth is driven by several long-term trends, including workforce shortages and growing awareness of the contribution automation can make to productivity. As well as reaching new consumers, we see repeat business from manufacturers extending their use of cobots after seeing the impact of the technology.”

MC UniversalRobots Posts Record Annual Revenue and Growth 3 400

 

The company expects strong growth to continue in 2022, as Kim Povlsen explained: “Demand for collaborative robots is set to grow and our unique ecosystem is growing 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 journey apart.”

 

 MC UniversalRobots Posts Record Annual Revenue and Growth 4 400

 

 

 

 

 

MC UniversalRobots Posts Record Annual Revenue and Growth 2 400

 

 

 

 

 

 

Source

 

Related Articles


Latest Articles

  • UPS Systems Ensure Greater Reliability in Critical Infrastructures

    October 15, 2025 In this blog article, you will learn why UPS systems are indispensable for ensuring a reliable and stable power supply in critical infrastructures, which components are needed for this, and which standards they must meet. In the past 100 years, electricity has always flowed in one direction – from the producer to the… Read More…

  • Fully Automated Integration Platform for Objective and Repeatable Testing

    October 15, 2025 Fully automated integration platform for objective and repeatable testing XTS in quality assurance for complex and safety-relevant automotive components The safety and quality requirements for components are growing continuously, particularly in the automotive industry. To meet these requirements, it is essential to implement clear, objective, traceable, and efficient quality inspection processes for… Read More…


Featured Article

Revolutionizing Material Movement with Autonomous Mobile Robots

Revolutionizing Material Movement with Autonomous Mobile Robots

In today’s fast-paced manufacturing and logistics industries, the need for efficient and flexible material movement solutions has never been greater. Traditional methods like conveyor systems, forklifts, and manual pushcarts have served us well, but they come with limitations.

That’s why Omron is thrilled to announce the launch of their game-changing MD Series of Autonomous Mobile Robots (AMRs). Read more


Products

  • WAGO Canada Brings Its Scalable Automation Solutions to ADM Toronto

    October 15, 2025 WAGO offers Canadian manufacturers the only automation platform built on a foundation of zero-maintenance reliability. WAGO, a world leader in automation and connectivity, will display its open, scalable automation platform at the Advanced Design & Manufacturing (ADM) Expo. (WAGO Booth #1505, Automation Hall, Toronto Congress Centre, October 21–23). WAGO’s solutions combine multi-protocol integration,… Read More…

  • Electromechanical Power Relays with ATEX Approval from Carlo Gavazzi

    October 15, 2025                                                                            Electromechanical Power Relays with ATEX Approval from Carlo Gavazzi Carlo Gavazzi Automation, the international electronics group with activities in the design, manufacture and marketing of electronic equipment, is pleased to announce the launch of the new CF/CS 30 ATEX Series, completing the CF/CS 30 Electromechanical Power Relays range. The… Read More…