OverviewSuggest Edit

Festo is a company that provides industrial automation and didactic solutions. It offers products, systems, and services for pneumatic and electrical control and drive technology used for factory and process automation. The company also delivers industrial education services including equipping technical educational institutions and providing training and advice for industrial companies.

TypePrivate
Founded1925
HQEsslingen, DE
Websitefesto.com
Overall CultureB

Latest Updates

Employees (est.) (Dec 2019)20,279(-1%)
Job Openings49
Revenue (FY, 2019)€3.1 B(-3%)
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Festo

Oliver D. Jung

Oliver D. Jung

Chairman of the Management Board
Gerhard Borho

Gerhard Borho

Member of the Management Board, Chief Financial Officer
Ansgar Kriwet

Ansgar Kriwet

Member of the Management Board, Sales Director
Frank Melzer

Frank Melzer

Member of the Management Board, Head of Product and Technology Management
Frank Notz

Frank Notz

Member of the Management Board, Head of Human Resources
Jaroslav Patka

Jaroslav Patka

Member of the Management Board, Chief Operations Officer
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Festo Office Locations

Festo has offices in Esslingen, Esslingen am Neckar, Hauppauge, Martínez and in 50 other locations
Esslingen, DE (HQ)
Ruiter Str. 82
Esslingen am Neckar, DE
Festo Campus 1
Martínez, AR
Edison 2392
Yerevan, AM
9 Grigor Lusavorich Street
Noble Park North, AU
179-187 Browns Rd
Wien, AT
Linzer Str. 227
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Festo Financials and Metrics

Summary Metrics

Founding Date

1925
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Festo Revenue

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View revenue for all periods
Festo's revenue was reported to be €3.07 b in FY, 2019 which is a 3.5% decrease from the previous period.
EUR

Revenue (FY, 2019)

3.1b

Revenue growth (FY, 2018 - FY, 2019), %

(3.5%)

Gross profit (FY, 2019)

2.2b

Gross profit margin (FY, 2019), %

70.6%

Net income (FY, 2019)

152.6m

Cash (31-Dec-2019)

904.8m
EURFY, 2017FY, 2018FY, 2019

Revenue

3.1b3.2b3.1b

Revenue growth, %

3%(4%)

Cost of goods sold

1.0b1.1b902.7m

Gross profit

2.1b2.1b2.2b
EURFY, 2017FY, 2018FY, 2019

Cash

562.1m721.6m904.8m

Accounts Receivable

578.2m575.1m526.7m

Prepaid Expenses

12.7m13.5m13.5m

Inventories

541.4m574.4m518.8m
EURFY, 2017FY, 2018FY, 2019

Net Income

227.0m167.0m152.6m

Depreciation and Amortization

132.0m136.3m147.8m

Accounts Payable

37.1m18.8m(9.0m)

Cash From Operating Activities

265.7m271.1m434.6m
EURFY, 2017

Revenue/Employee

157.6k

Financial Leverage

1.6 x
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Festo Operating Metrics

Festo's Customers was reported to be 300 k in Sep, 2021.
Sep, 2021

Branches

250

Certifications

4

Customers

300 k

Products

33 k
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Festo Acquisitions / Subsidiaries

Company NameDateDeal Size
CERTA Szerszámkészíto és Alkatrészgyártó Korlátolt Felelosségu Társaság
Eichenberger Gewinde AG
Eichenberger Motion AG
Fabco-Air, Inc.
Festo
Festo AB
Festo AG
FESTO-AM Gyártó Korlátolt Felelosségu Társaság
Festo AS
Festo A/S
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Festo Revenue Breakdown

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Festo revenue breakdown by geographic segment: 62.9% from Europe, 21.0% from Asia and 16.1% from America

Human Capital Metrics

Source: craft.co
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Festo Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Festo Online and Social Media Presence

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Festo Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    B

    73/100

  • Compensation

    D-

    44/100

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Festo News and Updates

VDMA Symposium on “Additive Manufacturing: The Game Changer of Manufacturing”

The last speaker of the day, Mr. Ramesh Ramachandar, Senior Industry Segment Manager, Festo, concluded the session by enlightening us about “Adding Consistency & Efficiency to Automation in Additive Manufacturing”

Festo Didactic Joins Festo’s Regional Service Center in Mason, Ohio

Festo Didactic Learning Systems North America announced today plans to relocate its Solution Center production and logistics capabilities from Eatontown, New Jersey to its 47-acre campus at the Festo Regional Service Center (RSC) in Mason, Ohio. Festo Didactic administrative and sales offices will r…

Festo debuts configurable linear actuator for process applications

Festo has introduced the DFPC double-acting linear actuator optimized for various process applications in pulp and paper, wastewater treatment, mining and steel industries

HLRS to Advance Custom Automation Through AI

Now, Festo’s researchers are working with HLRS to port their algorithms to HLRS’ much more considerable resources, which include the 19.3 Linpack petaflops Hawk system. This work is ongoing, and the team aims to improve the process not only through superior computation, but through optimization of t…

Pressemitteilung Festo: Predictive Maintenance für Schweißzangen

Auf die Punktgenauigkeit und Effizienz servopneumatischer Schweißzangen von Festo verlässt sich ein führender Automobilhersteller schon seit vielen Jahren: Inzwischen sind daher weltweit mehr als 2500 Schweißzangenroboter mit dieser Technologie im Karosseriebau der Premiummarke installiert. Jetzt ge…

Parkem ist offizieller Festo-Partner

Mit dem 1. August 2021 bietet Parkem als offizieller Partner sämtliche Lösungen und Produkte aus dem Gebiet elektrische Antriebstechnik von Festo an. Darüber hinaus garantiert Parkem einen Full-Service
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Festo Frequently Asked Questions

  • When was Festo founded?

    Festo was founded in 1925.

  • Who are Festo key executives?

    Festo's key executives are Oliver D. Jung, Gerhard Borho and Ansgar Kriwet.

  • How many employees does Festo have?

    Festo has 20,279 employees.

  • What is Festo revenue?

    Latest Festo annual revenue is €3.1 b.

  • What is Festo revenue per employee?

    Latest Festo revenue per employee is €151.5 k.

  • Who are Festo competitors?

    Competitors of Festo include KUKA, Duerr and Leadec.

  • Where is Festo headquarters?

    Festo headquarters is located at Ruiter Str. 82, Esslingen.

  • Where are Festo offices?

    Festo has offices in Esslingen, Esslingen am Neckar, Hauppauge, Martínez and in 50 other locations.

  • How many offices does Festo have?

    Festo has 54 offices.