During a recent press conference in Seoul, Ryu Jung-hoon, CEO of Doosan Robotics, announced the company’s growth roadmap after its upcoming listing on the Korea Composite Stock Price Index (KOSPI). Doosan Robotics, considered one of the top three collaborative robot companies globally, is confident in its ability to surpass its competitors.
Ryu proudly stated that Doosan Robotics has achieved a five times higher sales growth rate than the industry leader. With an annual average sales growth rate of 46.1% from 2018 to 2020, the company has outperformed competitors like Universal Robots and Fanuc. Furthermore, Doosan Robotics secured an impressive 72% market share in high-payload collaborative robots capable of lifting over 20 kg last year.
Established in 2015 as a subsidiary of Doosan Group, Doosan Robotics has focused on becoming a specialist in collaborative robots. However, the company has operated at a loss due to substantial investments in product diversification and software development. Ryu explained that the delayed profit realization was a result of these proactive investments. However, he expressed confidence that the company will break even starting next year.
According to Doosan Robotics’ securities report, the company forecasts significant growth in the coming years. It projects revenues of 1,172 billion won and an operating profit of 37 billion won for next year. By 2027, Doosan Robotics aims to achieve sales of 7,663 billion won and an operating profit of 2,133 billion won.
The company’s journey towards growth will continue with its listing on the KOSPI on October 5th. Doosan Robotics’s public offering price will be determined on September 18th, followed by a general public subscription on September 21st and 22nd. Mirae Asset Securities and Korea Investment & Securities are the lead underwriters, with KB Securities, NH Investment & Securities, and Credit Suisse co-managing the listing.
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– Ryu Jung-hoon, CEO of Doosan Robotics press conference in Yeouido’s 63 Square on September 14th.