Universal Robots Keeps Delivering High Double-Digit Growth
March 07 2017 - 8:00AM
Business Wire
Universal Robots has continued its rapid expansion worldwide
with a growth rate of 62% from 2015 to 2016. The company that
pioneered and commercialized collaborative robot (cobot) technology
continues to leverage its first mover advantage and market
leadership position.
Cage-free, user-friendly collaborative robot (cobot) arms
affordable for enterprises of all sizes have now become the market
driver within industrial robotics. The 2016 annual result of
Universal Robots is a testament to that market growth, with revenue
reaching DKK 662 million and delivering a profit of DKK 92 million
before tax.
President of Universal Robots, Jürgen von Hollen, considers net
income to be satisfactory and expects revenue growth of 50% or
greater in 2017, which means that the company will stay on target
to reach DKK 1 billion by the end of 2017.
“We need to stay ahead of the curve and drive innovation in
everything we do. Scaling the business to continue to deliver
growth year-after-year is a key priority. Compared to 2015, we have
more than tripled our investments in 2016, especially in R&D,
enabling us to maintain our product leadership position, and
allowing us to offer the cobot technology platform of choice,” said
Jürgen von Hollen. “Equally important has been our continued
investment of more than 50% into the Universal Robots staff
resource base in 2016, extending our capability, know-how and reach
globally.”
Universal Robots continues to gain market share in developing
markets, doubling its global presence with local offices in 11
countries, up from 5 offices in 2015. The company is now
represented with a presence in the USA, Spain, Germany, Italy,
Czech Republic, China, Singapore, India, Japan, Taiwan and South
Korea. The company also continues to scale a strong distribution
channel covering more than 50 countries worldwide.
Eight years after Universal Robots sold its first cobot, the
global collaborative robot market has entered a new phase of
growth. Before the invention of the cobot, automation of
manufacturing facilities was limited to highly structured tasks. As
a result, many industries had to rely on hand assembly for the more
dynamic and flexible functions in their production processes.
However, with the Universal Robots’ cobot, companies are now able
to apply flexible, easy-to-use, safe technology allowing them to
scale and grow their businesses.
The advantage of Universal Robots’ cobot is its universal
application for all sizes of companies, from small to large. “Our
technology has been an enabler for all companies – not just large
corporations – to integrate automation into their production
processes. What also differentiates us has been our focus on
growing a global eco-system of technology partners in our UR+
platform. The UR+ platform offers customers access to application
solutions leveraging a global developer resource base that is
continuously innovating,” said Jürgen von Hollen.
As a first mover and leading cobot manufacturer, Universal
Robots has been able to rapidly grow its global market share,
taking advantage of the impressive growth of the market to date.
“We are committed to grow our market share as the collaborative
robot market experiences continued, explosive growth over the
coming years as small and medium businesses adopt cobot
technology,” said Jürgen von Hollen.
In the spring of 2015, Teradyne Inc., a leading supplier of
automation equipment for test and industrial applications, acquired
Universal Robots. The close collaboration between Teradyne and
Universal Robots has allowed Universal Robots to leverage
Teradyne’s global coverage and capabilities.
About Universal RobotsUniversal Robots was co-founded in
2005 by the company’s CTO, Esben Østergaard, who wanted to make
robot technology accessible to all by developing small,
user-friendly, reasonably priced, flexible industrial robots that
are safe to work with. Since the first robot was launched in
2008, the company has experienced considerable growth with the
user-friendly robots now sold in more than 50 countries worldwide.
The company, which is a part of Teradyne Inc., is headquartered in
Odense, Denmark, and has subsidiaries and regional offices in the
USA, Spain, Germany, Italy, Czech Republic, China, Singapore,
India, Japan, Taiwan and South Korea. For more information, please
visit www.universal-robots.com.
About TeradyneTeradyne (NYSE:TER) is a leading supplier
of automation equipment for test and industrial applications.
Teradyne Automatic Test Equipment (ATE) is used to test
semiconductors, wireless products, data storage and complex
electronic systems, which serve consumer, communications,
industrial and government customers. Teradyne’s Industrial
Automation products include collaborative robots used by global
manufacturing and light industrial customers to improve quality and
increase manufacturing efficiency. In 2016, Teradyne had revenue of
$1.75 billion and currently employs approximately 4,300 people
worldwide. For more information, please visit www.teradyne.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170307005844/en/
Universal RobotsFor media interviews:Liselotte Winther
Frellsen, +45 22 78 45 37PA to
Presidentlwf@universal-robots.comorFor further
information:Thomas Stensbøl, +45 31 16 85 93Global PR
Managertst@universal-robots.com
Teradyne (NASDAQ:TER)
Historical Stock Chart
From Aug 2024 to Sep 2024
Teradyne (NASDAQ:TER)
Historical Stock Chart
From Sep 2023 to Sep 2024