Festo recorded an increase in sales of over 12% to approximately €3.1 billion for the 2017 financial year. This positive development continued into the first quarter of 2018. The strongest driver of growth was the electronics industry.
With the “digital customer journey”, the company is placing the customers at the focus of its digitalisation strategy and is launching the first digital products on the market this year.
Festo reinforced its technological standing in late 2017 with the appointment to the Management Board of Dr. Frank Melzer, who will further advance the digitalisation of the core business and the future-oriented industries. The global workforce grew to 20,100.