Strong 2020 results for AUGENTIC

MUNICH, Germany, March 31, 2021 – AUGENTIC has announced a strong performance at its annual shareholder meeting held on March 30, 2021. In the meeting, the Management Board presented the audited financial figures of AUGENTIC GmbH for the year 2020 and all items on the agenda were discussed and approved.

AUGENTIC reported a positive Net Result of 13% for the year 2020. Despite difficulties caused by the global pandemic, the company presented impressive annual statements including an order backlog of €250 million. In addition, the company has generated a sales pipeline across all continents and business fields for the next two years exceeding €1 billion.

“Last year was a resilience test for our company and we passed it with flying colors,” said CEO Mr. Labinot Carreti. “AUGENTIC quickly adjusted to the new pandemic conditions and exceeded expectations, generating a solid profit and acquiring the Electronic Passport Project in Cameroon, one of the biggest projects awarded in our industry in the year 2020.”

CFO Mr. Christian Klenner agreed, noting, “We’ve drawn a positive conclusion to business development. We plan to continue to grow as we become recognized innovators in our industry.”

The revenue prospect remains promising for upcoming year 2021 as AUGENTIC continues to show remarkable growth across all business fields.