ODENSE, DENMARK – May 31st 2018 Blue Ocean Robotics can once again confirm solid growth figures in the company’s gross profit and annual result for 2017. Claus Risager CEO of Blue Ocean Robotics comments:
“In 2017, Blue Ocean Robotics had an increased supply of new and expanding existing RoBi-X partnerships. Along with strong sales growth of robots and a single sale of intellectual property rights, it leads to a satisfactory result and a solid growth rate for the company compared with the previous year.
Throughout 2017, we broadened our strategy to focus on developing new robotic solutions to the global market in collaboration with partner companies, in our RoBi-X partnership model. What characterises these partner companies are that they typically have a significant market position, the ability to realize global sales through establish sales network, and have a strategic desire to digitize and automate their products and services with a purpose of transforming and creating disruptions, in their vertical markets. In RoBi-X Partnerships we jointly develop a number of selected robots, which are subsequently distributed, sold and serviced by our partner companies.
We have furthermore modified the international strategy, so that a larger part of the international activities are run directly from the Danish headquarters. This change has been a natural consequence of global sales being realized by the global RoBi-X partner companies.
In the light of these strategic initiatives, 2017 annual results are considered satisfactory.
Expectations for 2018 are that Blue Ocean Robotics continues the expansion of the strategic RoBi-X Partnerships, both with new and existing partners, domestically and internationally. In addition, Blue Ocean Robotics will continue expanding the range of technological tools and platforms, named TP-X, as well as expanding and developing the overall skills inventory. Investments in these initiatives entails that the result for 2018 is expected to be less than in 2017, but maintained positive.”
Summary of 2017:
- Annual result: DKK 7,867,526
- Equity capital: DKK 12,260,982
- Development of own robots: more than expected, incl: Nilfisk, Multi Tower Company, UVD Robots, WallMo, LapTics, Vesco Systems.
- Staff: 34 people at Danish headquarters.
Blue Ocean Robotics ApS annual results can be downloaded here