Robots are coming

Listed EKOBOT’s high-tech agricultural robot is well positioned to take a significant share of the fast-growing market for agricultural robots, and investing in the company now could be great timing.

Robots will take over much of the labour-intensive work in agriculture, and EKOBOT could become one of the leading manufacturers of smart farming robots.

EKOBOT: Ticker EKOBOT | Price: 3,37 | Market Cap.: SEK 12M | YTD price development: -83%

EKOBOT has developed an agricultural robot that both removes weeds and collects data on crops, enabling farmers to reduce their costs by up to 20%.

EKOBOT focuses on crops that are difficult/costly to grow in terms of weed control, and thus the segment of agriculture that benefits most economically from using robots.

Organic farms in particular benefit from the robots for weed removal as they do not use pesticides, but conventional farms also benefit economically from EKOBOT’s robot for weed removal.

SEK 3 million annually per customer

EKOBOT has started commercialisation with sales in Sweden. The robots are sold on 3-year lease agreements for SEK 900,000. The typical customer is expected to have a need for 10 robots, corresponding to a turnover per customer of SEK 3 million.

In addition to Sweden, the Netherlands and Denmark are the primary focus markets, as they are the largest producers of onions, which is the crop EKOBOT is currently focusing on.

Watch a Q&A with EKOBOT’s CEO Erik Jonuks here


The fall in share prices has particularly affected smaller growth companies – including EKOBOT, which has seen its share price fall 83% this year. The value of the company is now down to about SEK 14m (about DKK 10m), although EKOBOT has now reached the sales stage with first full commercial sales in Sweden. Further sales should be a significant price trigger, and in addition there is the possibility that EKOBOT will be acquired by either investment funds or companies within the sector.

EKOBOT AB year to date vs. Nordic growth exchanges (KPNGX-index)

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