March 14, 2024 · in Industry News
UR reports strong end to 2023

Universal Robots (UR) reported Q4 revenue of USD 103 million, which is up 21 percent on Q4 2022. The quarter was the company’s largest revenue quarter to date. 2023 annual revenue was USD 304 million, down 7 percent on 2022. Kim Povlsen, president of UR, said the company saw growth in its focus accounts and key segments, including palletizing, and in the strategically important OEM channel. “We ended the year strong and enter 2024 with a great foundation for further growth,” he said. “We have increased momentum in the delivery of impactful innovation to the market.”

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