COBOD International, the Danish 3D construction printer innovator and manufacturer of large 3D printers for robot printing of buildings and wind turbine towers in concrete, has just submitted the financial accounts for 2020. The accounts show a profit for the second year in a row after growing almost 100%. The accounts can be seen here. The company reports even higher growth in 2021 despite Corona and promises more than a doubling of revenue again this year.
COBOD counts some of the world’s largest companies as customers, including American GE, French LafargeHolcim, the world’s largest producer of cement and concrete, L&T Construction, India’s largest contractor group with 135,000 employees, and PERI Group, a globally leading German supplier of formwork equipment and scaffolding for the construction industry.
In late December, L&T constructed India’s First ground plus one-floor 3D printed building in Tamil Nadu’s Kancheepuram using COBOD’s 3D construction printer.
COBOD – The 3D Construction Printer Innovator
In 2017, Danish COBOD International A/S in front of rolling cameras 3D printed Europe’s first 3D printed building, The BOD in Nordhavn, Copenhagen. Since then, the company has emerged as the globally leading company within 3D construction printing. The 3D printers of COBOD are behind a number of records including the world’s first 3D printed concrete wind turbine tower together with GE Renewables, as well as Europe’s first 3D printed two and three storey buildings, India’s first 3D printed two storey building and the first 3D printed buildings in Africa. The 3D printed buildings made by COBOD’s printers have gained considerable global attention, and videos of Europe’s first 3D printed two and three storey buildings have thus been viewed ½ million and 1.6 million times on YouTube.
The company does not disclose revenue in the annual accounts, but the accounts show that the gross profit increased from 4.9 to 9.3 million DKK from 2019 to 2020. The accounts also show that the company’s order intake for the first few months of 2021 exceeded the total order intake for the whole of last year, but now the company even states, that the order intake has been even greater in the time after New Year despite Corona.
“Just over 3 months into the new year, we have actually received 200% of the order quantity for printers received throughout all of 2020, so we are sure that we will continue our significant growth well into 2021, when we will at least double again. The good result is not least due to our large global customers and in 2021 they will continue to play a key role in our growth, together with smaller more entrepreneurial companies wanting to be part of the future. Due to the high growth, we have had to increase our manning to more than 40 employees and at the end of this year, we expect to be around 60.”
In 2018, COBOD succeeded in getting PERI in as a minority shareholder, and PERI expresses similar satisfaction over COBOD’s 2020 result and the growth, Dr. Fabian Meyer-Brötz, Head of Robot 3D Construction Printing at PERI Group, said, “When in 2018 we decided to invest in a manufacturer of 3D construction printers, we did so because we believed that automated robot 3D printing of buildings would become an important part of the future of construction. It was also crucial for us to find the company that had the best technology and the most talented people. COBOD’s growth, financial results and performance since then have shown that our assumptions were correct, and that we looked right with regards to COBOD as the leading 3D construction printing company on a global level.”
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