Cobod, the Danish 3D construction printer manufacturing company, has declared its second year of profitability.
It makes big 3D printers for the robotic printing of buildings and wind turbine towers in concrete.
In 2020 its profits grew by almost 100%.
The company does not disclose revenue in its annual accounts, but recorded gross profit increasing from just over $793,000 (4.9 million DKK) in 2019 to just over $1.49m (9.3 million DKK) in 2020.Â
It says orders for its machines in the first quarter of 2021 have exceeded the total in 2020.
"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," said Henrik Lund-Nielsen, Cobod’s founder and general manager.
He added: "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."
Cobod’s customers include GE, LafargeHolcim, India’s L&T Construction, and formwork giant Peri Group, which bought a stake in Cobod in 2018.
"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," said Dr. Fabian Meyer-Brötz, head of robot 3D construction printing at Peri Group.
Image: Artist’s render of the three-storey apartment building in Wallenhausen, Germany, when complete (Courtesy of Cobod)