EUR 3.65 billion total revenue in 2023 Company portrait Festo at a glance The focus is always on finding the most efficient and productive solution for movement tasks in industrial production. Sustainability and the climate-friendly transformation of manufacturing are becoming the most important tasks in the entire value chain. In the 2023 financial year, the Festo Group generated revenue of 3.65 billion euros and has around 20,600 employees at 250 locations around the world. The company invests more than seven percent of its sales annually in research and development. Vocational and advanced training measures account for 1.5 percent of turnover. GRI 2-1 The Festo Group is divided into the business divisions Automation and Didactic. Important industry segments include automotive, food and packaging, electronics and assembly, biotech, pharmaceuticals and cosmetics, chemicals, and water as well as the areas of medi- cal technology and laboratory automation (LifeTech), which are growing in importance. Festo also supports all automated process steps in the field of electromobility – from battery production to the production of electric vehicles. GRI 2-1 The Automation division Automation offers a wide range of solutions for factory and process automation. The business purpose encompasses the development, manufacture, and sale of pneumatic and electric components, technical systems, and services as well as the provision of knowledge for automation tasks such as the control, regu- lation, positioning, and handling of machines, apparatus and technical processes. When it comes to customer solutions, demands on energy and resource efficiency and the human- ization of work are increasingly becoming competitive factors in all industrial segments. GRI 2-6 The Didactic division The Group’s activities in the Didactic division stand for technical education and training and have encompassed the continuous development of professional, industry-related learning products and services relating to automation technology for over five decades. The edu- cational offer covers a wide range of techno- logies, including factory and process automation, fluid engineering, electrical engineering, industrial trade, and much more. Festo Didactic is a system partner of companies as well as private and public educational institutions in order to make or keep people fit for work through education and training and to allow them to participate in economic development. GRI 2-6 Festo stands for clear values, top quality, and customer-oriented inno- vations. In industrial automation technology and technical education, we contribute to the sustainable development of the environment, the economy, and society. As a family-owned company, we think and act responsibly and with a focus on the future. 60 Companies in around 60 countries GRI 2-2 employees worldwide GRI 2-7 Total sales by region 2021 2022 2023 Europe/Middle East 60% 57% 59% Asia 24% 25% 23% Americas 16% 18% 18% GRI 201-1 Production sites: 12 global production centers Delivery centers: 4 regional service centers Offices: over 250 worldwide Service worldwide: in 176 countries 20,545 in research and development services EUR 280 million 6 7 1. Blue World 2. Strategy and Management 3. Climate Protection and Resource Efficiency 4. Technical Education 5. People at Festo 6. Ethics and Governance 7. GRI Index 8. Report Profile Festo SE & Co. KG Sustainability Report 2023 Festo SE & Co. KG Sustainability Report 2023
RkJQdWJsaXNoZXIy NzczNDE0