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Press Release - MARCH 26 2021
Tags: Press Release, TAS Group

TAS Group closes 2020 with significant growth

Today the Board of Directors of TAS approved the 2020 consolidated financial statements of the Group. All economic and financial indicators on the rise : total revenues and core revenues respectively at 60.9 million euros and 61.7 million euros. Consolidated net profit up to 8.8 million euros compared to 5.9 million in the previous year.

Dario Pardi, chairman of TAS Group, expressed satisfaction and pride for the excellent results achieved in a particularly demanding and challenging year, in which TAS courageously invested in an increase in human resources, demonstrating the Group's consolidated financial capacity. The three main lines of development in 2020 were: the consolidation of strategic collaborations, the inorganic growth with the acquisition of Infraxis AG , a leading player in the world of digital payments in the Swiss and German markets and the important investments in the Group’s platforms and services.

Talking about investments, CEO Valentino Bravi underlined the important share of more than 10% of revenues destined in 2020 for the innovation of solutions, which made it possible to progress in the development of the Global Payments Platform offered both on-premise or in PaaS (Platform as a Service) mode, in the completion of the  Aquarius platform for the ESMIG project for the new Target services of the European Central Bank, and in the strengthening of the PaaS delivery model related to the payment and e-money product suites.

 Read the full press release  in the Investor section.