Universal Robots, Danish producer of collaborative robots (cobots), has reported its record Q1 revenue of US$85 million, 30 per cent up on its 2021 revenue numbers.
“Reporting record Q1 revenue at a time when businesses across the world are facing disruption from the pandemic, supply chain challenges and conflict, is a testament to the role collaborative automation can play in helping our customers stay competitive,” said Kim Norgaard Andreasen, Universal Robots’ chief financial officer.
“In additive to record revenue, we have been pleased this quarter to welcome 80 new employees to our rapidly growing company.”
At the start of the year Universal Robots reported 2021 revenue of US$311 million, which it attributed to growing awareness of the contribution automation can make to productivity, as well as to the role of cobots in supporting businesses facing workforce shortages.
“When we consider the trends in both societies and businesses, everything points to a growing demand for automation,” Andreasen added.
“We are making plans to meet this demand, including starting work this month on new bigger headquarters in Denmark to help accommodate the company’s growth.”
