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Universal Robots reaches 1,000 employees

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Seventeen years after it was founded by three visionary young researchers in a basement, Universal Robots has just reached a 1,000-employee milestone.

10th November, Odense, Denmark. Universal Robots, the biggest company in a fast-growing Danish robotics hub, has become the cluster’s first organisation to reach 1,000 employees – one of only a few Danish companies founded in this millennium to hit this milestone.

Since its first collaborative robot (cobot) was launched in 2008, Universal Robots has grown to be a global market leader in cobots with offices in more than 20 countries worldwide. [Read more…] about Universal Robots reaches 1,000 employees

Universal Robots reports revenue of $83 million in Q2

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Universal Robots, the Danish collaborative robot maker, has reported Q2 revenue of $83 million, describing it as “robust growth” for the company.

Kim Povlsen, president of Universal Robots, says: “In headline terms, second quarter revenue is up 8 percent on the same period last year but in local Danish currency the company has seen growth of 22 percent for Q2.”

Povlsen adds that, measured this way, Universal Robots has seen growth of 30 percent across the first two quarters of 2022 compared to the first half of 2021. [Read more…] about Universal Robots reports revenue of $83 million in Q2

Universal Robots reports record revenue of $311 million

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

Kim Povlsen, the company’s president, says: “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.” [Read more…] about Universal Robots reports record revenue of $311 million

Universal Robots’ latest results are ‘a strong indication of growth to come’, says president

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Collaborative industrial robot maker Universal Robots’ latest results are “a strong indication” of future growth, says its president, Kim Poylsen.

Universal Robots, which has just released its Q3 results for 2021, has reported record quarterly revenue of $78 million, up 46 percent on last year’s Q3 revenue and 31 percent up from its pre-pandemic Q3 revenue of 2019.

Since creating the world’s first commercially viable collaborative robot in 2008, the Danish company has gone on to sell over 50,000 of its ‘cobots’ for use across a range of industrial uses, primarily in the manufacturing sector. [Read more…] about Universal Robots’ latest results are ‘a strong indication of growth to come’, says president