Mon. Sep 25th, 2023
    Doosan Robotics Shares Growth Roadmap after KOSPI Listing

    Doosan Robotics, one of the leading collaborative robot companies, has unveiled its growth roadmap during a press conference held in Seoul. The CEO, Ryu Jung-hoon, stated that Doosan Robotics is recognized as one of the top three global companies in the collaborative robot industry, alongside Universal Robots from Denmark and Fanuc from Japan. He also mentioned that the company has achieved an impressive sales growth rate, which is five times higher than the industry leader.

    In terms of market share, Doosan Robotics currently holds a significant 72% share in high-payload collaborative robots capable of lifting over 20 kg. This achievement has further boosted the company’s confidence in its ability to rise to the top position in the global market. Doosan Robotics was established in 2015 as a subsidiary of Doosan Group, with a strategic focus on the robotics market.

    Despite operating at a loss since its establishment, CEO Ryu explained that this was due to the significant investments made in diversifying the product range and software development. However, Doosan Robotics expects to break even starting next year. The company recorded sales of 449 billion won (US$337 million) last year, with an operating loss of 132 billion won.

    Looking ahead, Doosan Robotics has forecasted revenues of 1,172 billion won and an operating profit of 37 billion won for next year. By 2027, the company aims to achieve sales of 7,663 billion won and an operating profit of 2,133 billion won.

    Doosan Robotics is set to make its debut on the KOSPI on October 5th, following the determination of its public offering price on September 18th. The public subscription for the company’s shares will take place on September 21st and 22nd, with Mirae Asset Securities and Korea Investment & Securities as the lead underwriters, and KB Securities, NH Investment & Securities, and Credit Suisse co-managing the offering.

    Source: [source name]