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Universal Robots Reports Record Revenue Despite Global Uncertainty

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January 26, 2023: ODENSE, DENMARK: Universal Robots, the Danish collaborative robot  (cobot) company, has reported Q4 revenue of USD 85 million, bringing 2022 annual revenue  to USD 326 million, up 5% on 2021. On a constant currency basis, growth over the year was  12%.  

The company’s Chief Financial Officer, Kim Andreasen, said: “We are proud to have  continued to grow our business despite facing a difficult macroeconomic environment in  2022. We focused on those things we are able to control, and we overcame supply chain  challenges to report our highest annual revenue to date.” 

The demand for automation in Europe slowed in 2022 following the start of the war in  Ukraine. Universal Robots’ results have also been impacted by the change in exchange rates,  which created an additional headwind to growth.  

Poised to meet growing demand 

Despite the change in global markets, overall demand for automation is predicted to  continue to grow in 2023 and beyond, driven by growing labor shortages and changing  workplace expectations.  

Universal Robots has taken steps in 2022 to meet this growing demand. The company’s  President, Kim Povlsen, said: “We invested last year in building world-class expertise in  welding, palletizing and machine tending. We have also been working with our ecosystem  partners to make automation easier for our customers than ever before. 2022 has been an  important year for the company overall. We started construction on new headquarters,  reached our 1000 employee milestone and launched a ground-breaking new cobot.” 

About Universal Robots 

Universal Robots aims to empower change in the way work is done using its leading-edge robotics  platform. Since introducing the world’s first commercially viable collaborative robot (cobot) in 2008,  UR has developed a product portfolio including the UR3e, UR5e, UR10e, UR16e and UR20, reflecting a  range of reaches and payloads. Each model is supported by a wide selection of end-effectors,  software, accessories and application kits in the UR+ ecosystem. This allows the cobots to be used  across a wide range of industries and means that they can be redeployed across diverse tasks. The company, which is part of Teradyne Inc., is headquartered in Odense, Denmark, and has offices in  the USA, Germany, France, Spain, Italy, the Czech Republic, Romania, Turkey, China, India, Japan,  South Korea, Singapore and Mexico. Universal Robots has installed over 50,000 cobots worldwide.  For more information, please visit www.universal-robots.com

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