After years of strong growth, 2023 was a year of consolidation. Turnover was just below the previous year’s level (- 4.3% to around 3.65 billion euros). Festo continued to invest heavily in research and development and the expansion of regional market supply. The company sees good opportunities for growth again in the medium term. The automation of future markets, but also the qualification of the specialists required for this, offers Festo great ...

The Festo Group achieved double-digit growth for another year in a row. Sales rose by 13.4% to €3.81 billion in 2022 (previous year €3.36 billion). Festo intends to continue growing in 2023. Innovative automation is the enabler for the industrial transformation towards renewable energies, sustainable production, hydrogen and circular economy.

The Festo Group has achieved the highest turnover in its history for the 2021 financial year. After a double-digit growth in turnover of around 18% to 3.36 billion euros (previous year 2.84 billion euros), the company started the first quarter with a double-digit order intake. This puts the innovation leader in automation and technical education in a good starting position to push ahead with its strategic orientation towards digitalisation and ...

In the 2020 financial year, the Festo Group had to cope with a 7.5% decline in turnover due to the pandemic, but was able to close with an overall operating result above the previous year. The workforce was also guided through the crisis in a stable manner. After a strong first quarter, the company expects a catch-up year in 2021. With smart and intelligent products as well as digital learning platforms, Festo supports the structural change in industry ...