Universal Robots: Quarterly figures in detail
After the first rough guesses at this point, now the detailed presentation. The cobot market leader was able to achieve records in many respects in the second quarter. Individual details are nevertheless surprising. Among the records: Never before did UR generate so much revenue as in the period from April to June (more precisely until July 4, according to the quarterly statement), nor in half a year. Incidentally, the same applies to the sister company Mobile Industrial Robots (MIR).
Surprisingly, I think:
- In the comparison UR and MIR, the established company Universal Robots has performed better than the startup MIR since the beginning of the year. MIR even lost sales in Europe - possibly there were large orders in Q2 20200. But perhaps MIR is also feeling the strong competition in its segment.
- UR sales were lower in Asia than in Q2 2019. Is stronger Asian competition already making itself felt here (Neura Robotics can deliver in Asia, Elite Robots is very active)?
- UR sales in Europe have recently been extremely high. To eliminate any catch-up effects from the Corona year 2020, the average value of the two years 2020/21 could be compared with the value of the pre-Corona year 2019. In that case, there would have been no growth. But who knows, maybe this year the revenue would have been even higher if the capacity had been there. Whether there were bottlenecks somewhere (suppliers, integrators) is not known to me.
- For both UR and MIR, the American market is very positive. This is remarkable because I think the competitive situation in the States is stronger than in Europe. In our country, newcomers like Neura Robotics are advertising, but they are not yet able to deliver. In the USA, on the other hand, there has been the market entry of Chinese suppliers, which has obviously not been to the detriment of UR.
(All data without guarantee).
The real surprise is that the Industrial Automation division, which consists primarily of UR and MIR, continues to make a loss. Although the loss is falling, it is still significant at $22.8 million since the beginning of the year. As is well known, UR is not a low-cost supplier.
Are we networking? LinkedIn
-> To the Cobot group on LinkedIn(Link)
On my own account/ Advertising
The author of this blog is significantly involved in the AI/ robotics project Boost-Bot. He advises robotics companies and investors on market (entry)/business development and funding/subsidies. The standard book on cobots is also written by Guido Bruch. More about him can be found here.
