• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Webcasts
  • White papers
  • Case studies
  • Press releases
universal robots range 1

Revenue rockets up 72 per cent for Universal Robots

March 8, 2018 by Anna

Increased demand for its collaborative robot arms has propelled Universal Robots to revenue of $170 million in 2017 – a 72 per cent increase over 2016 performance.

Universal Robots’ annual result, which surpassed the $166 million 2017 goal set in 2013, was partly due to the company’s fourth-quarter returns of $54 million, which is a 61 per cent improvement from the same period a year ago and the best quarter ever at the company. The operating profit more than doubled from 9 per cent in 2016 to 19 per cent in 2017.

“We credit our 72 per cent year-over-year revenue gain to a continuing awareness of the economic advantages of our market-leading collaborative robots for a larger range of applications along with 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.

“Looking ahead at 2018, we expect further revenue growth of at least 50 per cent,” von Hollen continued.

The company recently opened two repair centers in the United States and China in order to be closer to its users. It also recently opened a new facility in Boston, USA, which is the first step of expanding global functions departments outside Denmark.

“The new setup in Boston will help us get access to more resources and highly skilled employees. Scaling the organization, especially within research and development and the commercial sales and service organization, will be key for Universal Robots in 2018,” said von Hollen.

“We are also opening sales offices in Italy and Turkey and will be establishing an office in Mexico and a third office in China.”

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Industrial robots, News Tagged With: Universal Robots

Join the Robotics & Automation News community

Reader Interactions

Primary Sidebar

Most Read

  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Top 25 vertical farming companies
    Top 25 vertical farming companies
  • Retailers expected to buy more than 150,000 robots by 2025
    Retailers expected to buy more than 150,000 robots by 2025
  • 30 industrial robot manufacturers to watch
    30 industrial robot manufacturers to watch
  • Top 25 AI chip companies: A macro step change inferred from the micro scale
    Top 25 AI chip companies: A macro step change inferred from the micro scale
  • Collaborative robotics market to account for 30 per cent of total robot market by 2027, says report
    Collaborative robotics market to account for 30 per cent of total robot market by 2027, says report
  • ADAS: Top 40 advanced driver assistance systems companies
    ADAS: Top 40 advanced driver assistance systems companies
  • How to become a G-Code master with a complete list of G-Codes
    How to become a G-Code master with a complete list of G-Codes
  • Automation and digitalization will re-shape the logistics industry, says DHL
    Automation and digitalization will re-shape the logistics industry, says DHL
  • Omron launches its highest-payload autonomous mobile robot
    Omron launches its highest-payload autonomous mobile robot

Overused words

abb ai automated automation Automotive autonomous business cars china collaborative companies company control data design development digital driving electric industrial industry kuka logistics machine manufacturers manufacturing market platform production robot robotic robotics robots sensors smart software solution solutions system systems technologies technology vehicle vehicles warehouse

Secondary Sidebar

Latest news

  • Nidec completes acquisition of Roboteq
  • Teradyne completes acquisition of AutoGuide Mobile Robots
  • Dematic launches new micro-fulfilment solution
  • GROUND unveils new autonomous mobile robot for warehouses
  • BP invests €10 million in mobility-as-a-service startup
  • Hanwha to supply $300 million of aircraft engine components to GE
  • Velo3D ships seventh Sapphire printer to aerospace production customer
  • Worldwide semiconductor manufacturing equipment sales jump 12 percent
  • ACEINNA wins award for autonomous car navigation and guidance technologies
  • Edge computing infrastructure market set to be worth $700 billion by 2028, says report

Shop

  • Red Geometry Mug $11.00 – $15.00
  • Blue Geometry Mug $11.00 – $15.00
  • Green Geometry Mug $11.00 – $15.00
  • Short-Sleeve Unisex T-Shirt $16.00 – $20.00
  • R&AN T-Shirt – Black $16.00 – $20.00
  • R&AN T-Shirt
    Rated 1.00 out of 5
    $16.00 – $20.00
  • R&AN Mug $11.00 – $15.00

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

robotics and automation news logo

Archivists

March 2018
M T W T F S S
« Feb   Apr »
 1234
567891011
12131415161718
19202122232425
262728293031  

Complex

Social

  • Twitter
  • Facebook
  • LinkedIn
  • Google
  • YouTube
  • Reddit
  • RSS Feed

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Communicative

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2019 · News Pro on Genesis Framework · WordPress · Log in