Universal Robots Delivers Amazing 72% Revenue Increase in 2017
Increased demand for its affordable, cage-free, user-friendly collaborative robot (cobot) arms has propelled Universal Robots to revenue of USD 170 million (DKK 1.125 billion) in 2017 – a 72 percent increase over 2016 performance.
Odense, Denmark, March 7, 2018 – Universal Robots’ annual result, which surpassed the DKK 1 billion 2017 goal set in 2013, was due in no small measure to the company’s impressive fourth quarter returns of USD 54 million which is a 61 percent improvement from the same period a year ago and the best quarter ever at UR. The operating profit more than doubled from 9 percent in 2016 to 19 percent in 2017.
“We credit our unprecedented 72 percent year-over-year revenue gain to a continuing awareness of the economic advantages for our market leading collaborative robots for a larger range of applications, and the continued commitment of our Universal Robots employees and partners to be the cobot technology of choice,” said Jürgen von Hollen, President of Universal Robots. “Our outstanding fourth quarter and year-end result are truly a team effort which is the fruit of our unique Universal Robots community, that at its core has a shared purpose to empower staff, partners and our customers – together driving the successful growth of the community.”
“Looking ahead at 2018, we expect further revenue growth of at least 50 percent,” von Hollen continued. “The cobot market is expected to continue to be one of the key growth drivers in the automation market the coming years. My expectation is that we at Universal Robots will continue to leverage our position as the cobot market leader and grow at the same or above the collaborative robot market growth rate for 2018. This, however, can only be done by focusing on our goals of staying ahead technologically, expanding our Universal Robots+ platform and further globalizing our regional sales and service footprint and reach.”