Bringing you live news and features since 2006 

ROBO Global enjoys strongest earnings for the sector since inception

RELATED TOPICS​

The ROBO Global Robotics & Automation Index reports that it has posted its strongest positive earnings results since inception in 2011.

The company writes that this growth was fuelled by a universe of robotics, automation, and AI companies that continued to power ahead in the last quarter of 2017.
In its latest Earnings Report, ROBO Global reports on seven trends it has observed in the activities of its 87 ROBO Index members.
 
The trends are upgraded outlooks; M&A acceleration; AI driving demand for semiconductor chips; Industrial robotics remain strong; Healthcare robotics and automation continues its winning streak; Enterprise software rebounded and advancement in autonomous cars is accelerating.
 
Richard Lightbound, Partner and CEO for Europe/Asia, ROBO Global says: “The ROBO Index continued to power ahead in 4Q17 as Robotics, Automation, and AI companies reported the strongest positive earnings since the inception of the index, with 88 per cent of index members beating consensus sales estimates.
 
“Robots have weaved themselves into the fabric of our everyday life and one day, just like the computers and smartphones of today, they will be indistinguishable.  It is an exciting time to be involved in the sector which remains diversified across sectors and geographies.
 
“The remarkable sales growth we have seen is not just the result of low hurdles, each and every one of the 12 index subsectors enjoyed double-digit revenue growth. From actuation (+21 per cent), food & agriculture (+19 per cent), and factory/industrial automation (+17 per cent), to sensing (+15 per cent), healthcare (+15 per cent), and 3D printing (+12 per cent). The vast majority of the 87 ROBO Index members finished 2017 on a very strong note, with just six companies experiencing revenue declines YoY. The strongest growers in the quarter were Harmonic Drive (+99 per cent), HollySys (+59 per cent), iRobot (+54 per cent), Novanta (+49 per cent), and Fanuc (+41 per cent).”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by