Universal Robots sees doubling of revenue and profit
Danish robot manufacturer Universal Robots achieved spectacular growth in 2014, with revenue increasing 70% and profit more than doubling. The company is on track to meet its goal of doubling turnover each year from 2014 to 2017.
CEO Enrico Krog Iversen is pleased that Universal Robots has been able to sustain the high, profitable growth in 2014, and commented that 2015 is also off to a great start: “This year, we focus on creating volume in the sales of our new small table-top robot UR3, which was received with overwhelming interest by industry at our launches at trade shows in Shanghai and Chicago in March, and this month at the Hannover Fair.”
Management at Universal Robots maintains its strategic plan of targeting one billion DKK in revenue in the 2017 financial statements. This will be achieved by investing in the development of new products as well as the marketing and sales of these.
New offices and an increase in staff
Global growth will also be supported by a stronger regional presence. It is important for Universal Robots that both distributors and end customers never experience the robot manufacturer as being far away. Numerous new regional offices will open in 2015, including the Mid-West and West Coast regions of the US, in South America, as well as in several European locations, ensuring that sales and technical support is always available in the same time zone.
“We hired 50 new employees during 2014,” says Iversen. “In 2015, we expect to add an additional 50 new colleagues, divided between the head office in Odense and our regional offices.”
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