Universal Robots delivers robust growth in Q2
India, July 28, 2022: Universal Robots, the Danish collaborative robot (cobot) company, has reported Q2 revenue of USD 83 million.
Speaking on the announcement, Kim Povlsen, President & CEO, Universal Robots, said, “In headline terms, second quarter revenue is up 8% on the same period last year but in local Danish currency the company has seen growth of 22% for Q2, measured this way, Universal Robots has seen growth of 30% across the first two quarters of 2022 compared to the first half of 2021.”
Universal Robots highlights particularly strong growth in global welding demand as being key to its success in the first half of the year. The company has also increased its revenue from Original Equipment Manufacturer [OEM] channels. “Our cobots are providing the foundation for some really exciting new products,” said Povlsen. “We see the development of new OEM partnerships within our thriving ecosystem as a great opportunity for both innovation and growth in the future.”
Collaboration creating growth across the ecosystem
More than 80 OEMs are creating solutions with UR cobots, encompassing a wide range of applications from welding and palletizing to construction tasks. The increasing demand for collaborative technology is also reflected in the success of Universal Robots’ OEM partners. One company, 3D Infotech, which uses UR cobots to create metrology solutions, has credited its use of Universal Robots technology and position in the UR+ ecosystem with “phenomenal” revenue growth of over 200% in 2021.