Agro Intelligence A/S

Development in activities and financesThe global market for field robots remains limited and underdeveloped, despite the growing demand for precise and autonomous robotized farming. The introduction of Robotti LR in May 2022 marked a significant advancement, offering numerous improvements in precision, reliability, safety, and surveyance systems for autonomous driving. Robotti LR has demonstrated its capabilities as a robust implement carrier, with a capacity of covering 20-35 hectares per day. However, the widespread adoption of arable field robotization is still awaiting the availability of more intelligent implements, that can provide warning signals to the operator, enabling farmers to monitor and manage multiple hours of autonomous driving.

Despite increased uncertainties arising from the Ukraine war, inflation, and energy crises, AGROINTELLI managed to double the sales of Robotti in 2022, following a doubling of sales in 2021. The company also expanded its dealer network in Europe and intensified its focus on selected vegetable crops through collaboration with chosen implement manufacturers.

The financial results for 2022 were unsatisfactory, with a pre-tax loss of -36 million DKK (compared to -40 million DKK in 2021). As a result of completing the development of Robotti LR, the organization underwent streamlining in Autumn 2022, leading to cost savings that will take full effect in 2023.