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

  • Dynamic Start to the New Year for Endress+Hauser

    Dynamic Start to the New Year for Endress+Hauser

    Endress+Hauser records strong sales growth in 2022 and looks ahead with confidence February 1, 2023 Endress+Hauser is heading into its special anniversary year with momentum. In 2022 the measurement and automation technology specialist increased consolidated sales by almost 17 percent to more than 3.3 billion euros. Nearly 16,000 people are employed worldwide by the Group…. Read More…


Latest Articles

  • NSK Innovation in Dental Handpiece Technology:Reimagining What a Bearing Can Do

    NSK Innovation in Dental Handpiece Technology:
    Reimagining What a Bearing Can Do

    Some people have perfect teeth. For the rest of us, at some point in our lives we will need to get a cavity filled. You will sit down in the chair, your dentist will pull out a dental handpiece, powered by compressed air spinning a turbine, and insert it in your mouth. You will hear a light buzzing noise “bzz bzzzt bzzz” as the decay is drilled away, and shortly after you will have a shiny new filling. Read More…

  • All About Outdoor Fiber Optic Cable

    February 2, 2023 Outdoor fiber optic cables meet many needs, and are suitable for all types of installations, whether residential, commercial or industrial. What type of outdoor cable should you choose from among the different types of size and use according to your needs? Guillevin’s experts can help. All about Outdoor Fiber Optic Cable (outside… Read More…


Featured Article

Access Management for Your Plant and Machinery

With PILZ’s “Identification and Access Management” portfolio, they offer you a comprehensive range of products, solutions and software for the implementation of safety as well as security tasks. Below you’ll discover more about potential applications, from simple authentication to complex access permissions, and access management through to safe operating mode selection, maintenance safeguarding and safeguarding of data and networks. Experience safety and security in one system!

This solution ensures that a machine cannot resume operation while people are still in the danger zone. The maintenance safeguarding system “key-in-pocket” is designed for machines with danger zones, which are protected by a safety fence and which staff need to access – robot cells for example. In comparison with conventional lockout-tagout (LOTO) systems, maintenance safeguarding with the key-in-pocket solution is implemented via RFID keys with corresponding permissions and a safe list in the PILZ controllers. As a result, it provides a purely electronic restart protection and makes both mechanical interlocking devices and warning tags redundant.

Read more


Products

  • Modular Safety Relay

    Safe Monitoring of the Cardboard Feed on Packaging Machines with PILZ’s Modular Safety Relay February 2, 2023 Packaging solutions must often accomplish one task above all: to safely protect operators. The same applies to monitoring the cardboard feed. In this case it is essential to avoid a scenario in which an operator can reach into the… Read More…

  • Reduce Your Cabling Workload – With Weidmüller’s Ready-To-Connect Solutions

    February 2, 2023 Machine and system cabling is becoming an increasingly complex task. Weidmüller provide you with the optimal solution for every cabling task. More Information Weidmüller Custom Cable Assemblies Related Story Single Pair Ethernet Promises a Consistent Ethernet Connection from the Sensor to the Cloud Single Pair Ethernet (SPE) is the catchword when it… Read More…